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Updated 3 days ago on . Most recent reply

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Alan Asriants
#5 General Landlording & Rental Properties Contributor
  • Real Estate Agent
  • Philadelphia, PA
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Why regular walkthroughs will save you money - Real Life Story!

Alan Asriants
#5 General Landlording & Rental Properties Contributor
  • Real Estate Agent
  • Philadelphia, PA
Posted

As a landlord, I take pride in having great tenants and well-maintained properties in strong locations. But funny enough, that stability can sometimes work against me. When things are going smoothly, it’s easy to get comfortable and overlook the importance of checking in on properties. Honestly, if it weren’t for my routine walk-throughs, I could probably go years without setting foot in some of them. That might sound like an investor’s dream, but in reality, it can be dangerous.

Not every tenant knows how to spot or handle maintenance issues. Routine walk-throughs aren’t about snooping on tenants—they’re about catching small problems before they snowball. For example, a minor roof leak might only cost a few hundred dollars to patch today, but if ignored, it could turn into a full replacement later.

I recently ran into this exact situation with a water heater. I decided to do a walk-through at one of my properties that I hadn’t visited in a while. Almost immediately, I noticed something odd with the vinyl flooring seams—they looked dirty and damp. The tenant mentioned he couldn’t get the seams clean, even though he pays for a monthly cleaning service.

Within 20 seconds of inspecting, I opened the water heater closet and discovered it had been leaking for some time. It wasn’t gushing, but the slow leak had seeped under the flooring, into the baseboards, and even the sheetrock. Luckily, the damage wasn’t severe. I called my plumber right away, and fortunately, the unit was still under warranty. It was a $2,000 high-efficiency water heater, but it only cost me about $600 for labor and a new expansion tank. I then set up a heavy-duty dehumidifier and fans to dry everything out, and after some time the seams were clean again.

If I had put off that walk-through, the damage could’ve been much worse—both structurally and financially. I also noticed some loose tiles during that visit, which reminded me to buy extra replacements now in case the style gets discontinued. That way, if I need to replace a few pieces later, it’s a quick, inexpensive job instead of redoing an entire floor.

The lesson here: just because you haven’t heard from your tenants doesn’t mean everything is fine. Schedule routine walk-throughs. They can save you thousands in the long run.

Happy landlording!

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Alan Asriants - New Century Real Estate
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Jules Aton
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Jules Aton
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Another plus of local investing and overseeing your farm. 

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