Saving money on maintenance is an important part of maximizing returns on your Mesa rental property. Today, we’re sharing some ideas on how you can save money while protecting the condition of your asset.
Home WarrantiesHome warranties have a lot of pluses and minuses. On the plus side, they do smooth expenses. On the minus side, they can hurt you if nothing ever breaks or if you can’t get service out to your area in a timely manner. When you are shopping around for a home warranty, compare coverages among companies and ask about their typical service time. One struggle we have seen with home warranty companies is that they don’t work quickly. In the summer when an air conditioner breaks, it can take them three or four days to go out and look at the air conditioner. In Arizona, there are health and safety concerns when it takes that long and it’s 115 degrees outside.
Maintain a Great Vendor ListHave good vendors. If you have a hard time finding a good handyman, electrician, or plumber for your rental properties, call a local property management company in Mesa and ask who they use. We refer our vendors to landlords because they do a good job! We know and trust them, and we’re comfortable with their pricing. Good vendors will pay dividends for a long time with rental properties.
Create a Maintenance ScheduleSet up a maintenance schedule for your rental properties. They are easily available online; Home Depot has one that includes an email when maintenance is due. You really want to pay attention to the major systems in your home like air conditioners and water heaters. Most handymen will change filters, upgrade landscaping, check sprinklers, and service those air conditioners and water heaters. When you use a maintenance schedule for your house, you’ll save money in the long term. It also helps you build your relationship with tenants because they will see that you are committed to taking care of the property.
These are just a few ways to save money on maintenance with your Mesa rental properties. We’d love to give you more information about property management in Mesa, so please contact us at Beehive Property Management. We serve the Phoenix area and outlying cities like Gilbert, Mesa, Peoria, and Glendale.