Owning real estate in Cedar Hills is an excellent opportunity for those wanting to earn extra income. High demand for homes and high rent prices ensure ongoing profitability if you decide to venture into the realm of residential rentals.
If you can keep up with the demands of being a landlord, Cedar Hills, OR, is a great option for you.
Property maintenance is one of the most time-consuming, unpredictable, and costly parts of owning an investment home. Yet, it's vital for the ongoing success of your rental business. It's also a legal requirement under Oregon law.
Read on to explore the importance of property maintenance in Cedar Hills and how to simplify it.
Well-Maintained Homes are More Desirable
Potential tenants are happy to pay higher rents for well-maintained, modern homes. They're also more inclined to pay their rent on time and renew their leases.
Ongoing property maintenance is part of good customer service, which helps keep tenants in place. This means you must attend to maintenance requests promptly, but it also involves carrying out ongoing routine and preventive maintenance.
When you take good care of your property, you ensure it maintains its value and reduce the chance of encountering bigger issues down the line. Thorough property maintenance reduces tenant complaints and helps build positive landlord-tenant relations.
If you decide to sell the home, you'll benefit from your ongoing care, too. Well-maintained homes attract more offers and sell for higher prices.
Property Maintenance Saves You Money
Carrying out small repairs timeously prevents them from escalating into major issues. Ongoing maintenance can help you put off expensive replacements. For instance, a roof leak left unattended can cause extensive damage to the interior of your home and necessitate an untimely roof replacement.
Regular property inspections are vital for pinpointing minor maintenance issues that could spiral out of control.
Overall, well-maintained heating and cooling systems are more energy-efficient. That means you'll save money every month on your utility bills. Energy-efficient upgrades are important for preserving the value of the property and ensuring convenience for your tenants.
Routine property maintenance validates your insurance if something breaks in your home and causes damage. Your insurer is bound to inquire whether you carried out routine maintenance on anything that breaks.
If you haven't, they may reject your claim. Ongoing insurance claims can also lead to higher insurance premiums in the future.
Cedar Hills Property Managers Help Simplify Property Maintenance
Property managers in Cedar Hills offer invaluable assistance with maintaining your property's value and keeping your tenants in place. They save you time and money while alleviating the stress of managing your investment properties.
PMI Summit is your first choice for property management in Cedar Hills. We are backed by over 20 years of experience in Cedar Hills real estate and offer a full range of property management services.
We can assist you with property maintenance, rental property inspections, and many other services. Browse our blog for more information or get on board with our premium property management services.