It’s the truth of real estate investing that all rental properties go through a measure of wear and tear. As an East Rockaway property owner, wear and tear is a part of the normal operation, from paint that needs to be updated every few years to carpets that need to be replaced. These simple tasks are all part of anticipating an inevitable degree of wear and tear.
With that in mind, there are things you can work on to decrease the amount of wear and tear on your rental property. These include using durable materials, maintaining a good working relationship with your tenants, and performing regular property evaluations.
Pick out quality materials is an integral part of reducing the speed at which certain characteristics of a rental home wear out and should be replaced. Cheaper materials may look like a money saver, in the beginning, but cheap materials are inclined to wear out faster, look ragged more quickly, and simply won’t stand up to heavy or even moderate wear.
When it goes to paint, carpet, flooring, light fixtures, and appliances, it’s paramount to select quality materials that can take a beating and keep going strong. We are not saying that you have to go out and get the most expensive item, that is not necessary. Choosing the right materials for the amount of wear you are expecting can make a huge difference when it comes to replacement costs in the future.
Another important factor in reducing wear and tear is maintaining a good working relationship with your tenants. Renters who know they can depend and count on their landlord to make the needed repairs are more likely to report any issues earlier, which means less pricey repairs down the road. They are also more likely to work with you to keep your East Rockaway property in excellent form.
Yes, selecting the right tenant is important, but so is building a relationship of mutual respect. That may mean going further than simple service calls and checking in on tenants every once and awhile. If the only interaction they have with you is when something goes wrong, they may begin to correlate you with issues and hesitate to proactively reach out for assistance.
It’s paramount not to underestimate the value of doing regular property evaluations. They are an important part not only for property maintenance but building tenant relationships as well. While it’s true that this can be a major investment of your time, you can always reach out to Real Property Management Innovation to work with you as a team to keep your tenants happy and your rental property in good form. Would you like to know more about our property management services in East Rockaway? Please contact us or call us at 516-570-9275 for more information.
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