There are 48.2 million individual rental units across the United States. If you own some of them, you know building maintenance can be a full-time job. Rental property repairs can be costly and time-consuming.
Having the right property maintenance services on your side can help you take care of all your necessary landlord obligations. Honoring the conditions in your rental agreements can be challenging on your own. So how can you cope?
The answer is by finding the best property maintenance services to carry out the vital services your tenants need. Finding the best service isn't easy, but you can do it with the help of this guide. Read on to find out all you need to know.
Calculate Your Maintenance Costs
Before you hire the right property maintenance service, you need to make a ballpark estimate of your total property maintenance costs. Doing so allows you to know how much assistance you need.
A good start is to go by the 1% rule. Experts estimate that any residential building owner can expect to pay 1% of their total purchase price each year for maintenance. Keep in mind that this may be significantly higher for rentals.
Do You Want a Full-Service Provider?
You may only want someone to handle your maintenance, but many companies can do so much more. Finding a full-service property management service can be an excellent way if you want true passive income.
In addition to handling your property maintenance, a full-service provider can handle things such as tenant relations, screenings, evictions, and accounting. Determine if a full-service provider is best before beginning your search. That will help each company give you a quote.
Compare Reputations Online
You need to ensure that your property maintenance service is reliable and has a good reputation. Analyze some reviews of past and present clients to gauge each of your candidates' reputations.
Look for actual customer testimonials rather than anonymous reviews. If a property maintenance service has a poor reputation, you should be able to decipher this by reading enough reviews.
Ask for a Quote
You need to ensure that you are getting the most affordable rate for your property maintenance services. Ask each of your candidates what they charge for basic services. They should provide you with a competitive quote.
Sometimes going with the cheapest option is not always the best. Balance the price of a company with its reputation and the kinds of services it offers. It may be worth it to pay more for a reliable full-service company. You will save money in the long run.
Find Great Property Maintenance Services
Property maintenance services are a landlord's best defense against burnout. Don't try to tackle all of your property's maintenance needs yourself. Having true passive income from your property will give you peace of mind.
If you need a full-service property management company that provides property maintenance, contact us today. We serve the San Diego area and can handle your rental properties for you, so you can enjoy your life.