Updated about 6 hours ago on . Most recent reply
The Small Maintenance Problem That Cost One Investor $4,200
A few years ago, I learned an expensive lesson about deferred maintenance.
A property had a minor plumbing leak that seemed insignificant. The tenant reported it, but the repair was delayed because it wasn't considered urgent.
Three months later:
- Water damage behind the wall
- Mold remediation
- Drywall replacement
- Temporary tenant relocation
Total cost: over $4,200.
What started as a $150 repair became a major expense.
One thing I've noticed managing rentals is that owners often focus on the large capital expenses while underestimating the cumulative impact of small maintenance issues.
Today we track maintenance requests based on potential risk, not just current severity.
A small leak can become a large insurance claim.
A loose handrail can become a liability issue.
A clogged gutter can become a roof problem.
I'm curious:
What's the most expensive "small problem" you've seen turn into a major repair?
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#5 All Forums Contributor
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#5 All Forums Contributor
- Contractor/Investor/Consultant
- San Diego / Phoenix
In the construction industry, you learn quickly that 'water is the enemy'...I used to tell my crew when they were framing/siding/installing window/etc, to 'think like a raindrop' lol......
The worst thing I experienced on a rental of mine was a small drip on a sewer line turning into a swamp of sewage underneath the house (raised foundation).