How do you keep youre repair cost low on rental properties?

[Mubasher Riaz]

For your rental properties, any repairs to the house do you charge your tenants? Do you pay for them on your own? Thanks

[Dawn Anastasi]

I don't want deferred maintenance issues coming back to bite me in the end. So take $5 and 5 minutes to fix something now, or take $500 and 5 hours to fix something later. The former is better than the latter.

I would never, ever implement a "deductible" policy with my tenants for repairs. What happens when you have a deductible on your insurance? You get into a scrape, you don't report it to your insurance company so your rates won't rise. Same thing with tenants.