Owning a Portland Rental Property is a great way to build wealth and passive cashflow but, repairs can also be very costly. This is why preventative maintenance is the key to consistent ROI.
Thankfully, costly repairs can become a thing of the past if you start using these preventative maintenance tips to take care of maintenance before it becomes a headache.
Preventative Maintenance Tip #1 – Look For Safety Issues
Safety should always be the first priority at your rental property because of the simple fact that if the property is unsafe, you create potential liability issues for yourself.
- Check smoke detector and carbon monoxide detector batteries
- Check handrails to make sure they are sturdy and not in need of repair
- Check driveway and walkways to look for cracks that could lead to trip and fall hazards
- Make sure the property is weatherized and able to withstand snow, ice, and rain
Preventative Maintenance Tip #2 – Inspect For Water Issues
Since we get a lot of rain in Portland during the winter and spring, there’s always the possibility of your property having water issues. This is why you should check for leaks in the attic, inspect the roof and verify that the walls/ceilings are not showing signs of dampness.
You should also check under the sinks for leaks and behind the toilets in the property as well to make sure that you don’t have leaks that have been going unnoticed.
Preventative Maintenance Tip #3 – Service Your Heating And Cooling Units
Last of all, but most important, the heating and cooling units should be serviced annually because preventative maintenance can save you thousands of dollars in repairs and the hassle of having to deal with tenants who don’t have heat or cooling when needed.
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