Wednesday, 16 November 2016

Eight Tips for easier property maintenance for landlords


The maintenance factor is one of the most typical areas that not only require a long time and efforts, but also require diligent watch over the different aspects. Another factor that is critical in appropriate maintenance is about budget. This has become a costly affair and casual attitude may let you lose a thousand bucks at a time. Therefore, it is quite important to follow a foolproof plan for property maintenance so that nothing is missed as well as you are not running out of budget. The below tips will help you in managing the affairs without any issue.

1.   Plan for the activities: This is going to be the blueprint for the landlords that help you in managing the maintenance schedule on regular basis. This must include all the four categories of tasks that are falling in inspection, rectification, scheduling and adhock tasks. These four categories are typical in terms of the severity and the type of issues. For example there are many issues that can be rectified on your own without calling anyone while some issues require urgent professional help like the electrical leakage cannot be resolved by you. So keeping a list of issues is perfect way to manage any type of complications. 
  
2.   Select the vendors and the professionals: It is one of the most important parts of property maintenance. You must make a list of the professionals and the vendors that need to be called for the different services. This list must include the contacts of plumber, electrician, mason, painter, window cleaner and more. This is the only source that can help you at the eleventh hour for resolving the issues in emergency. 
  
3.   Try to enter into annual contracts: It is one of the best ways to keep the property up to date. You can easily complete the works on time and regular frequency if you are in annual contract with the vendors. This also helps in saving over the costs that are on higher side when completed on an ad-hock basis. 
 
4.   Prepare weekly and monthly checklists: It is quite helpful if you can manage to have the weekly and monthly checklists for completing the different works. It can help you follow the regular schedules in diligent manner. 

5.   Check for the external Supplies: You must keep a constant watch on the availability of the supplies like electricity, water and others and manage to pay the bills on a regular basis. 

6.   Keep billing records:This is not directly related to the maintenance of the property, but keeping the billing related records saves you from various issues that are critical in managing the records for essential supplies. 
  
7.   Make Monthly and annual budgets: If you don’t put annual and monthly provisions for the maintenance part then you may be in a crunch to meet the expenses. Therefore, you must keep provision for the maintenance of property on monthly and annual basis. 

8.   Keep stock of consumables: This is something that helps you in resolving the issues at the eleventh hour as well as lets you save money when you are purchasing the consumables on a retail basis.
     
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