Monday, 17 February 2014

is land-lording for you???


Handling Basic Maintenance Repairs
You will undoubtedly have maintenance-related issues to resolve. You have to tend to them in a timely fashion to hold up your end of the rental bargain and to keep your tenants happy. One big reason people sell rental property is because they find the maintenance challenge too frustrating.

Preventing Problems
Doing preventive maintenance can help you avoid major problems, as well as give you the luxury of doing it on your schedule rather than having to drop everything to deal with a problem that occurs later. For example, consider having the sewer line cleaned up after you buy the home. One common problem is drains backing up and causing flooding in basements after a big rain. There is no way to know when or how often the previous owner rotted out the sewage line. Items like replacing the air filter in furnaces, oiling and maintaining furnaces, replacing batteries in smoke detectors, or even simply turning on stoves and water faucets in your building are things you can do to make sure they operate properly.

Working with the Tenant
Even if you have written into your lease that the tenant is responsible for taking care of certain maintenance items, don't count on it happening without some attention from you. Tenants don't care or have the experience to maintain your property. Some tenants will try to negotiate a lower rent in exchange for maintaining the premises. This has its pluses and minuses. According to many tenants' rights ordinances throughout this country, the burden of maintenance and repairs falls on the landlord. Oftentimes, a tenant will have the right, after written notification of a material defect, to repair an item and bill you or to deduct a portion of rent for their discomfort and dissatisfaction. One way to make small repairs less of a hassle is to have the tenant call in a repairman to fix the issue, then deduct the cost from their rent. That way, you don't have to be there and the tenant (who will have to be there) will be able to explain the problem to the repairman, which he is more familiar with than you are.

Be sure you can trust your tenants before making them responsible for making a repair; otherwise, you are opening yourself up to being taken advantage of by tenants who abuse the situation. If something does go wrong and you don't feel you should have to cover the costs she wants you to cover, you may still choose to work out some sort of compensation with her, if she is a good tenant. You don't want to drive out a tenant who pays her rent on time and generally takes good care of her unit over something minor.

When negotiating with a tenant for some type of compensation for defects in the dwelling, remember they will usually ask for less than you volunteer to give them. This is like any other type of negotiation, in which you should always have the other person speak first. Everything is negotiable.

when you don/'t have time and the issues are too much and frustrating,please visit us at Trabajillos to help management and maintain your property at a very reasonable amount.

No comments:

Post a Comment

We would love to hear from you!