Landlord Advice: Tips on Saving Money on Property Maintenance and Repairs
Christian Haag Illustrates How Property Maintenance Fees Save Landlords Money in the Long Run
Sometimes rental property owners believe that fees charged by a property management company for maintenance and repairs are not worth it or unnecessary. However, Christian Haag of Douglas Realty explains that cheaper alternatives lead to cutting corners and ultimately cost the owner of the income property more money throughout the life of the investment. Christian shows owners what to look for when finding a property management firm that will handle maintenance and repairs to your rental home properly. He also explains when it is time to look the other way and run due to cost cutting red flags at cheaper companies. Often times these red flags are the warning sign of major liability, faulty repairs, increased costs and ultimately losing tenants.
A maintenance coordination fee is a good thing for owners and is a requirement when an owner seeks to protect their investment and maximize returns. The following are just some of the benefits associated when conducting maintenance to your income property through an agency charging a maintenance coordination fee:
- Guaranteed use of contractors that are trusted, licensed and insured
- Repairs and maintenance are completed at a discounted price of roughly 20%
- Satisfied tenants
- Repairs are done right the first time
Hire a Trusted Property Manager
Douglas Realty would love to help maintain your property for you.