![]() ![]() Their involvement is concerned with the bottom line, “will occupants feel safe and comfortable? How will these efforts influence property value? and how much are we spending on maintenance activities?” The landlord or property management company that owns the rental property engages with property maintenance at a high level. Property maintenance is only one aspect of property management, and as such, involves quite a few roles. What roles are involved in property maintenance? If the rental property isn’t well maintained, it can reduce revenue and increase liability for the property owner. Last and surely not least, property maintenance exists to keep tenants and guests safe and happy. Property maintenance teams increase the value of rental properties through renovations, regular painting, blacktop resealing, landscaping, etc. The property management company wants their rental property to bring in recurring revenue from tenants and guests and be sure the property will go up in value (or at least not decline). The most apparent goal of property maintenance is to fix what’s broken and keep the rental property in good repair to avoid equipment items, such as HVAC units, water systems, refrigerators, etc., from breaking in the first place. Restore functionality and prevent breakdowns There are three main objectives for property maintenance. Apartments, homes, condominiums, hotels, resorts, commercial real estate, storage facilities, and any other type of rental property are all covered under property maintenance. This article will cover what property maintenance is, what services it covers, and the career paths involved.Īny technical service performed on a hospitality or residential property to restore or preserve its condition is considered property maintenance.
3 Comments
5/21/2023 07:41:34 pm
We appreciate you mentioning that property maintenance professionals boost the value of rental homes through upgrades, routine painting, resealing of tarmac, landscaping, etc. To make some money, my mother wants to rent out her home. I'll have her take care of the rental property's upkeep.
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9/20/2023 03:57:58 am
This property management article is a goldmine of information! It covers every aspect of effective property management, from tenant relations to maintenance, in a clear and concise manner. A must-read for property owners and investors seeking to optimize their real estate investments.
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2/22/2024 05:36:11 pm
Great post on the importance of property maintenance! I especially liked the point about how it increases property value. As a loft boarding specialist, I've seen firsthand how adding a loft conversion can significantly add usable space and value to a property. It's a great way to maximize existing space and potentially even add an extra bedroom or bathroom. Have you ever considered the potential of loft boarding for your property maintenance clients?
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