It’s a reality of real estate investing that all rental properties face a test of wear and tear. As a Roanoke property landowner, depreciation is a component of normal operations, from paint that needs to be updated every few years to carpets that need to be replaced. These ordinary maintenance tasks are all part of anticipating an inevitable degree of wear and tear.
With that in mind, there are things you can prepare to decrease the amount of wear and tear on your rental properties. These include utilizing durable materials, maintaining a good working relationship with your tenants, and performing regular property evaluations.
Choosing quality materials is an important factor in reducing the speed at which certain rental home features suffer from wear and tear and must be restored. Cheaper materials may appear like a money saver initially, but cheap materials tend to wear out faster, look worn-out more rapidly, and simply won’t stand up to heavy or even moderate wear.
When it comes to painting, carpet, flooring, light fixtures, and appliances, it’s pivotal to appoint quality materials that can take a beating and keep going strong. That is not to say that you need the most expensive products; luxury materials are not a requirement. But choosing the right materials for the amount of wear you expect can make all the difference in replacement costs later down the road.
An additional critical part of diminishing wear and tear on your rental properties is maintaining a good working relationship with your tenant. Renters who distinguish they can count on and trust their property-owner to make necessary improvements are more likely to report repair and maintenance issues earlier, meaning fewer expensive repairs later on. They are also likely to work with you to keep your Roanoke property in good shape
Choosing the right renter is important but creating a relationship that is built on mutual respect is just as important. That may mean going beyond simple service calls and reaching out to your tenants every now and again. If the only interactions they have with you are when something goes wrong, they may start associating you with problems and hesitate to proactively reach out for assistance
It’s important not to underestimate the value of regular property evaluations. They are an important part not only of property maintenance but of tenant relationships as well. While it’s accurate that this can be a consequential investment of your time, you can always enlist Real Property Management Colonial to work with you as a team to keep your tenants happy and your rental property in good condition. Would you like to learn more about our property management services in Roanoke? Please contact us or call us at 540-595-7411 for more information.
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