How often do you ignore the flashing lights on your car dashboard when it's time for an oil change? To keep your car in the best shape, likely never. So why would you ignore your properties when they need routine maintenance?
Routine property maintenance will protect your investment, keeping it in the best shape for its value. On the fence about investing in maintenance for your property in Orlando?
Read on to discover the three benefits of routine maintenance today.
1. Legal Compliance
As a landlord, you're legally obligated to provide renters with a safe place to live. If you fail to meet your obligations, tenants can terminate their rental agreement. You have seven days after the delivery of the tenant's written notice to complete maintenance requests.
Completing routine property maintenance in Orlando will allow you to remain legally compliant with Florida laws. You can feel confident knowing the property is habitable. Tenants will feel safe living in a home that doesn't pose any health or safety risks.
If you're struggling to complete maintenance requests in a timely manner, consider hiring Orlando property managers. An experienced property manager can handle these requests on your behalf. Their efficient services could help you avoid future legal issues.
2. Tenant Satisfaction
Keeping your tenants happy can help you retain tenants long-term. You won't have to waste time or money marketing vacant listings or screening applicants.
If a property remains vacant too long, you'll start losing money. The rental vacancy rate in the US is already over 6%.
Maintaining your property in Orlando can boost tenant satisfaction. Routine maintenance will allow you to identify and fix small issues before they become big problems. If the issue escalates, it could affect the tenant's living experience.
When it's time to decide if they want to renew their lease, they may leave. They'll look for a well-maintained property instead.
3. Save Time and Money
Neglecting to complete routine maintenance could cause your investment property to crumble. The problem will get worse, turning a tiny repair into an expensive issue.
Completing routine maintenance will protect your property in Orlando. You can save time and money if you keep up with small maintenance projects.
Keeping the property well-maintained will make it easier for you to attract and keep great tenants. You can maintain (or even increase) the property value. If you decide to sell, you can make a profit.
If you don't decide to sell, the increased property value is a justifiable reason to boost the rent price.
Complete Routine Property Maintenance
Don't hesitate to complete routine property maintenance. Regular maintenance will protect your property in Orlando, help you retain renters, and allow you to avoid legal issues. With help from the best local vendors, you can protect your investment.
You don't have to start searching for the best property maintenance services in Orlando alone. Instead, consider working with experienced Orlando property managers. They already have connections with the best local vendors.
PMI Property Solutions is a full-service Orlando property management company. We're dedicated to boosting your profitability. Contact us today to learn more about how our services can support your efforts.