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Rental Property Maintenance Myth #1

DIY maintenance myth 1

There are several rental property maintenance myths and rumors property management in Pembroke Pines. While the need to perform maintenance and repairs on rental property is inevitable, they do not have to be nightmares. So let’s clear up some of the most common rental property maintenance myths in this five part series.

Myth #1: DIY Repairs Always Save Money

Being able to take care of your own repairs around the house definitely comes in handy, and can be a great way to save a few bucks when managing a rental property. If you’re a skilled handyman and can handle small repairs, basic plumbing tasks or appliance fixes, do so by all means. It will save you the headache of getting a local tradesman to make the convenience call.

However, from the wisdom of Kenny Rogers, “You’ve got to know when to hold ‘em, Know when to fold ‘em.” Rumor has it that Kenneth wrote this song based on his experience watching his carpenter father selectively turn down jobs (ok, only part of that factoid may be true…). But the counsel still stands; even the best DIY men know when to leave repairs to the pros.

Oftentimes, even if you can handle rental property maintenance yourself, does not mean you should. Ask yourself how much is your time worth? Even if you’ve got the time and energy to take care of the repair yourself, often it makes financial sense to let a dedicated professional handle the job. Even the most capable DIY landlords will find themselves in over their head if they try to handle every job.

Poor maintenance = Bad experience

Additionally, Pembroke Pines tenants do not care if you are saving money by doing it yourself. If you cannot confidently complete the job quickly, conveniently, and correctly, you owe it to the tenant and yourself to find a qualified technician. Of the things within your control, one of the leading causes cited by tenants leaving a rental property when the lease is up, is because of bad experiences from poor maintenance.

The money you might save doing it yourself is often just a delayed (and greater) loss. The same can typically be said about the cost of hiring a full-time property manager. Sometimes it’s just a convenience, but many times the cost of hiring a professional property manager like Real Property Management Premier makes the most long-term financial sense as well.

Now that you have busted Myth#1, are you sure you still want to use the Do-it-yourself approach? And if have decided on using professionals, look no further than Real Property Management PremierContact us online or call 954-800-4433 and ask our property managers about our services in your area.

 

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