Today we are talking about how to handle maintenance and vendors when it comes to your rental property. Make sure you know the difference bet a livability issue and an issue that isn’t required but simply something the tenant is asking for that would make the property better. When there is a repair request made that’s a livability issue, you have to take care of it. It’s required by law. However, if the request is something extra that the tenant wants, you don’t necessarily have to do it.
One thing to remember is that the proper maintenance of a property retains the value of your investment. That’s your goal; to keep your property in good shape so it continues to earn income for you. Don’t wait to make the necessary repairs, and always stay on top of preventative maintenance.
Keep in mind that professional Pleasanton property management companies have people on call 24 hours a day and seven days a week to handle all of your property’s maintenance issues for you. They have relationships in place with outstanding vendors and they can get people out to fix a problem whether it’s during business hours or an emergency in the middle of the night.
Using proper vendors is critical. When work is being done on your investment property, you have to use someone who is licensed and bonded. It’s also very important that your vendors carry workers compensation insurance as well as liability insurance in case something happens at the property.
Make sure you hire the right person for the job. If it’s a minor issue, you might be able to use a handyman who charges only $48 or $58 per hour. If it’s a job that requires a specialist, you’ll need a licensed contractor who has the expertise to get the job done. That kind of professional will probably charge $125 or $150 an hour. It’s important to hire the right person for the right job.
When you’re thinking about maintenance issues and how to handle vendors, remember that you have a choice: do you want to answer that maintenance call at 2am or is it better to have a property manager on call to handle that for you?
Please don’t hesitate to contact us at Action 1 Properties if you have any questions or you’d like more information.