As a landlord, did you know that you should allocate about 1% of the rental property value each year toward rental property maintenance?
That means that if you have a rental property that costs $100,000, you will need to set aside at least $1,000 for rental property repairs.
It may seem like a lot, but it is better to be safe than sorry since things can happen quickly!
But what are the most common repairs in rental properties? Keep reading to find out!
Water Leaks
Water leaks are one of the most common issues that landlords encounter when it comes to rental repairs.
This could be due to roof damage, poor weather stripping, broken or cracked pipes, or a faucet running for too long.
It is important to always look for water damage on your rental property whenever you do an inspection, since this is one of the most common issues.
HVAC Systems
Heating and cooling systems are another common rental property issue.
There are a lot of moving parts in the systems, so when one thing goes wrong, it's easy for the entire thing to break down.
It is important to stay on top of routine maintenance several times per year so that you don't end up having to fix rental property issues all the time.
Toilets
Toilets have a lot of issues. Rental properties and homes alike will face this as one of the most common repairs.
A toilet can get easily clogged by things that are not supposed to go into them such as baby wipes, paper towels, or cleaning pads.
As a landlord, you will want to make sure your tenants know that they should not be flushing anything other than toilet paper down the toilet. This will save both you the landlord and the tenants a headache!
Pests
Pests are not exciting issues to have, yet they tend to be quite common in rental properties. Bugs, ants, rodents, rats, and mice can easily get into small cracks and holes in properties.
To avoid this, be sure to have regular pest control maintenance come out to your rental property to make sure everything looks as it should.
Electrical
An electrical system is one of the most complicated systems in a home. This means that a lot can go wrong - and it will.
From lighting issues to appliance issues such as a broken microwave or stove, this will be bound to happen in a rental property. This is why it is crucial to check these things upon every inspection.
Common Rental Property Maintenance Issues
Now that you know the most common rental property maintenance issues, it will be easier to avoid these issues and repairs.
Instead, you can be more proactive with your rental property to avoid the issues.
And remember, if you need help with property management, we are here to help at Charlotte Property Management. You can check out our services here.
