To bring more long-term value to the rental property–especially if you’d like to sell in the near future–it’s often recommended a landlord should keep up with regular maintenance any ultimately make the necessary repairs.
You can find ways to save money making repairs to always keep your property in tip-top shape. Repairs aren’t necessarily where you want to skimp on costs; however, there are some great ways to save money on repair costs for your Tucson rentals. Below, learn about some of our favorite ways landlords can save money making repairs on your Tucson, Arizona investment properties.
Build A Reliable Team
Build a reliable partnership with contractors you can trust for all your property needs in Tucson. By working with dependable professionals, you can have confidence that repairs are completed to high standards, giving you peace of mind.
You won’t have to worry about poor work ethic or the repairs being completed in the wrong way. You can also have a team readily available to handle the cleanup once the repairs are completed. Every good landlord will have a go-to cleaning service they know and trust to do the job.
Deal With Scheduling Repairs Yourself
When you leave the repairs up to the tenants, it is like handing them a blank check. They aren’t going to be worried about saving you money, they are going to worry about getting the problem fixed.
If you want your repairs done right and done at a fair price, it is best for you to handle them yourself, finding your own people to do the job. Once the repairs are completed, you can make sure they are up to your level of satisfaction. If your tenant had chosen the vendor, you might find yourself having to pay for poor workmanship.
Screen Your Tenants Thoroughly
Sometimes the repairs are needed because your tenant caused the damage. One way to avoid such problems is to ensure you are screening your tenants thoroughly. Talk to your prospective tenant’s past landlords, and run background checks on anyone who will be living in your home. Even if you know the person who wants to move in, don’t assume they will take as good care of your property as you need them to.
Always encourage your tenants to report any problems or unusual things they are noticing. If your tenant is able to help you discover a leak right away, you will be able to save thousands in water damage costs you may have otherwise been forced to face.
Make The Repairs Yourself
Mastering basic property repairs doesn’t require carpentry or plumbing expertise. With a bit of elbow grease, you can tackle many tasks yourself. However, it’s essential to proceed only if you’re confident and knowledgeable. Avoid taking on tasks beyond your skill level to prevent worsening the situation. Recognize when to engage a professional and when DIY is a suitable choice.
Sometimes the DIY aspects of being a landlord can appear unglamorous, but when you see that tremendous ROI, it suddenly won’t seem to matter so much.
Landlords face many costs over the life of their investment. By making repairs cost-efficiently, landlords can save money and keep more of their profits.