As a general rule, proper maintenance is probably the number one most important factor we would recommend for ensuring the longevity and appeal of any residential investment property. From the roof to the flooring and everything in between, all components of your investment property should be well-maintained, properly serviced, and up to date with local codes and ordinances. How do professional property managers ensure that maintenance is proactively and effectively handled?
At Wilson Management Group, we utilize strategies to ensure that prompt, efficient and effective maintenance is done to keep your property in excellent condition. These strategies are centered around proactive activity and quality repair work to prevent more costly repairs resulting from deferred maintenance.
We focus on regular property reviews as a key component of property maintenance. Our property managers conduct a thorough walk-thru of every property with photo and video documentation of the entire premises prior to a resident move-in. We have a third-party vendor who conducts a thorough mid-lease property inspection on our behalf to ensure that the property is being well-cared for by the current tenants. And then our property managers do a final walk-thru with photo and video documentation of the entire premises after a resident moves out. These property reviews help to prevent minor issues from escalating into major problems and ensure that the property retains its value from the beginning to the end of a lease period.
When maintenance and upgrade work is required, professional property managers have a network of trusted contractors and service providers who are all licensed, insured and guaranteed to perform quality maintenance and repairs efficiently and cost-effectively. Property managers coordinate and oversee these vendor services to ensure that the work is completed to a high standard and in a timely manner.
In addition to promptly addressing maintenance issues as they arise, our property managers also encourage our clients towards proactive maintenance strategies. This includes regular cleaning, proper landscaping and tree-trimming, appropriate pool care, and routine interior home maintenance tasks to keep the property looking its best inside and out. Sometimes this includes recommendations for upgrades, such as new flooring, or appliance replacements as those items begin to fail or show extensive wear and tear due to age.
It’s important to keep in mind that renters in certain real estate markets may reasonably expect an overall higher level of interior finishes and exterior landscaping in order to achieve competitive rental rates. Our property managers are experts in their markets and know what renters are looking for and which features to help you focus on to ensure your investment property’s success in that area.
By proactively maintaining your residential investment property, professional property managers can enhance its curb appeal to better attract qualified tenants. Our property managers employ best practices for maintaining your residential investment property, ensuring its longevity and appeal. Our expertise and resources enable us to address maintenance issues promptly and to implement proactive maintenance strategies that contribute to the overall long-term value of your investment.
We’d love to talk to you about how Wilson Management Group can help ensure your residential investment property is a successful venture. Call us today: Traci McKinley @ 407-810-7967.
