The Importance of Preventive Maintenance in Property Management
Sudden expensive repairs can become a nightmare in property management, and they take a sizeable sum out of profits. Usually the owner comes to know of the problem when it has become huge and needs immediate fixing. The only solution in such situations is adopting a proactive approach and undertaking preventive maintenance but in some cases it may be too late for this. But this should be the outlook and business practice.
When certain issues are addressed when they are just starting then the cost of fixing them is minimal, and the issue will not escalate into a major problem needing costly repairs. Preventive maintenance will not only reduce costs, but also improve relationships with tenants. Here are certain crucial aspects in a property that need regular monitoring and maintenance.
Bathrooms should be regularly monitored on a monthly basis and checked for water leaks and mold formation. Check the sink, toilets, and bathtub areas to see if the caulking is in place. Seepages and leaks can cause costly water damage, which can be prevented by fixing minor leaks. Mold spreads very quickly in moist and warm areas, and if it is left untreated, it can lead to severe structural damage involving costly repairs.
Surveying rooftops regularly is an important aspect of preventive maintenance, especially after rains or a spell of severe weather. Roofs should be checked for missing shingles, mold formation, and any damage that is being caused by water. When there are no rooms directly below the roof, the problem can go unnoticed for a long time, and the damage can escalate to something huge. Also, check gutters for any blockages, and maintain them for the water to run off smoothly. Regular monitoring of the roof area can save major repair costs and costly maintenance.
Monitoring Electrical Components
Faulty wiring and defective appliances can cause short circuits, which pose major fire hazards. Before tenants move into the property, perform a full inspection of the wiring and check for any issues in all electrical appliances. Inspections should be conducted by certified electricians to ensure all electrical components are compliant with building regulations. If any incident involving electricity is reported by tenants, the problem should be attended immediately and fixed.
If the property is in an area that is prone to certain pest infestations, then it is better to monitor the premises for such bugs and pests. If a problem is detected or reported by any tenant, then the whole property has to be fumigated by a professional extermination service. Termite infestation can occur at any time in any area, and therefore it is necessary to be vigilant and keep a look out for the signs of such infestation. Termite infestation is the most dangerous, since these critters will or can damage the structural integrity of the property. Therefore, repairs can be very costly and certainly impact any rental company’s bottom line.
A Property Management Company that is Dedicated & Competent
Property management can be time consuming and involves a lot of effort, especially preventive maintenance. It is therefore best to leave this important aspect of property management in the capable hands of Talley Properties in Charlotte, NC. They have been around for more than thirty years and have an impressive record of accomplishment in managing properties.