Rental Property Investor · Chicago and mainly invests in KS remotely · Member since 2018 · 360 posts · 314 votes
As a rental investor, especially someone who invests remotely, I only hear about the condition of a property after a tenant's departure. Usually, the make ready is cosmetic, but I'm often concerned about structural issues like siding, gutters, foundation and those repairs that can help me protect my investment in the long term. Currently I do none of those. My question is, besides the regular maintenance requests from tenants and make ready maintenance in between tenants, what are some good scheduled maintenance tasks for a property that saves you on costs in the long run?
Real Estate Agent · Owatonna, MN · Member since 2017 · 221 posts · 152 votes
5y
@Allen Li I do quarterly inspections and check for issues such as water leaks that may go unnoticed, and I perform filter changes during these as well. It also helps to make sure they are keeping the property in good condition
Rental Property Investor · Member since 2020 · 1k+ posts · 1k+ votes
5y
Clean the gutters before they clog and start to pull off. I have newer appliances in my rentals with the exception of an older stove. I plan on replacing it on the next term but it came with the house and the turn went over budget. I don't want to get a call the stove is out and have to get one asap and would prefer to find time to get a deal, this is especially important with a fridge because you don't want their food to go bad. Also since it is still working it still has value and I can sell it to recoup some of the cost of the new one. Also make sure to trim the bushes before they get out of hand and then look weird when you finally get them under control.