5 Maintenance Tips to Help Reduce Costs at Your Rental Property
Managing a rental property can be challenging, especially when it comes to maintenance costs. Implementing proactive strategies can save you money and keep your property in top condition. Here are five essential maintenance tips to help reduce costs at your rental property.
1. Install Water Alarms
Water alarms are a simple and effective tool for preventing water damage. These devices alert tenants to leaks before they cause significant damage. Place water alarms under sinks and near water heaters. When a leak is detected, the alarm will sound, allowing tenants to take immediate action and notify you if necessary. This early detection can prevent costly repairs to cabinets and flooring.
2. Use Waterproof Mats Under Sinks
Another practical tip is to place waterproof mats or pieces of loose vinyl under sinks. These mats catch small leaks and spills, protecting the cabinet’s wood frame from water damage. While they won’t stop major leaks, they can prevent minor issues from escalating and extend the life of your cabinetry.
3. Install Cellular-Connected Temperature Sensors
Investing in cellular-connected temperature sensors can be especially beneficial during vacancy periods. These sensors monitor the temperature in your property and alert you if it drops to unsafe levels, which can indicate a furnace malfunction. This is crucial during winter months to prevent pipes from freezing and bursting. Some models also come with water sensors, adding an extra layer of protection.
4. Regular Gutter Cleaning
Maintaining clean gutters is vital for directing water away from your property’s foundation. Clogged gutters can lead to water damage and foundation issues, which are expensive to repair. Ensure that gutters are cleaned regularly to prevent buildup and ensure proper water flow, especially before the winter season.
5. Regular Furnace Filter Changes
Changing furnace filters regularly can significantly reduce HVAC-related maintenance costs. Clogged filters force the furnace to work harder, leading to breakdowns and higher energy bills. Provide tenants with filters and reminders to change them quarterly. If the property has air conditioning, include summer in your schedule. You can also change the filters yourself during bi-annual property inspections to ensure they are replaced properly.
Bonus: Regular Property Inspections
Conducting thorough inspections of your property once or twice a year helps ensure it remains well-maintained. These inspections allow you to catch issues like leaks under sinks early. At Simple Property Management, we supplement our inspections by having tenants complete a self-assessment twice a year. This encourages tenants to check smoke detectors, look for leaks, and report any issues promptly, providing an extra layer of oversight.
By implementing these maintenance tips, you can keep your rental property in good condition and reduce unexpected costs. Regular inspections, preventative measures, and proactive maintenance are essential strategies for managing a cost-effective rental property.
Looking for a property management company in the Grand Rapids area?
Contact Jon with Simple Property Management at jon@simplepmgroup.com or (616) 329-6318.