Why land­lord main­te­nance mat­ters

Lesotho Times - - Property -

GOOD prop­erty man­agers and land­lords know the im­por­tance of keep­ing their rental prop­er­ties well main­tained. Not only are ten­ants en­ti­tled by law to have a safe and hab­it­able liv­ing en­vi­ron­ment, it is also in the land­lord’s fi­nan­cial in­ter­ests to en­sure that the prop­erty is kept in good con­di­tion. Af­ter all, with­out rent com­ing in reg­u­larly each month, a prop­erty is worth­less.

When view­ing the up­keep of your rental prop­erty, keep your per­spec­tive not only from the busi­ness side, but also from the ten­ants. Reg­u­lar main­te­nance and man­age­ment of your prop­erty will help pre­vent dam­age and de­crease the like­li­hood of missed in­come in be­tween ten­ants.

Through ten­ant’s eyes Prospec­tive ten­ants view­ing a ne­glected prop­erty are less likely to want to rent it. When your prop­erty is run down and un- cared for it will at­tract the same type of treat­ment from a ten­ant. Like at­tracts like.

If you were putting a house up for sale, you’d want it to be in the best pos­si­ble con­di­tion to at­tract the highest price. Find­ing a good ten­ant is no dif­fer­ent.

Main­te­nance & on­go­ing man­age­ment If a prop­erty does not re­ceive on­go­ing general main­te­nance, and if re­pairs are not acted upon straight away, there are sev­eral con­se­quences. It’ll likely cost more and take longer when main­te­nance or re­pairs are even­tu­ally un­der­taken, and the value of a prop­erty in dis­re­pair is sig­nif­i­cantly low­ered, de­creas­ing both its in­vest­ment and rental in­come po­ten­tial.

Many land­lord in­surance providers ex­pect home­own­ers to main­tain their prop­erty to the stan­dards of the rel­e­vant Ten­an­cies Act, and fail­ure to do so could re­sult in claims be­ing de­nied.an­other fac­tor which can af­fect the qual­ity of ten­ant ap­ply­ing for a prop­erty is cos­metic main­te­nance. Touch­ing up the paint job on in­te­rior walls when the prop­erty is be­tween ten­ants is a sim­ple task, and is rea­son­ably in­ex­pen­sive if land­lords do it them­selves. It may also en­able you to add ex­tra dol­lars to the rent that you charge the next ten­ant. The same ap­proach ap­plies to re­plac­ing ag­ing fix­tures and ap­pli­ances.

Ten­ants are more likely to take pride in a well-pre­sented prop­erty and treat it as if it were their own. Sim­ple ges­tures such as a fresh coat of paint or gar­den­ing as­sis­tance can help to at­tract good cal­i­bre ten­ants and en­sure the prop­erty re­mains well cared for.land­lords also need to be aware that their prop­erty should be main­tained reg­u­larly and that cer­tain stan­dards for re­pair are met. If your ten­ants in­form you of a prob­lem in need of re­pair you need to act im­me­di­ately, how­ever, pre­ven­ta­tive main­te­nance should be ap­plied be­fore-

hand.for ex­am­ple, if your rental prop­erty has a very large gar­den, make it eas­ier for the ten­ant to main­tain it so that they are less likely to let it go and turn it into a jun­gle. In this in­stance, you might think about the long term sub­sti­tute for grass and bushes with some­thing that re­quires less main­te­nance for both you and your ten­ants such as peb­bles, gravel, bark or pavers.

In­spec­tions Rou­tine in­spec­tions can un­cover po­ten­tial prob­lems and spark main­te­nance ac­tion be­fore they worsen.the land­lord may like to ar­range rou­tine main­te­nance on an an­nual ba­sis such as check­ing drains and gut­ters, check­ing for signs of mould or damp, hav­ing air con­di­tion­ers ser­viced, mend­ing any bro­ken or leak­ing fix­tures and gen­er­ally in­spect­ing and re­pair­ing any as­pects of the prop­erty that could present prob­lems.

Ex­am­in­ing fences and gar­den walls to en­sure that they re­main in sound con­di­tion, to­gether with in­spect­ing the roof and any chim­neys for signs of dam­age, is vi­tal.

— Realestate

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