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Updated about 4 years ago,
Question on maintenance cost from property manager, Cleveland SFR
Hi all,
Brief summary: closed on my first rental property in early September 2020. SFR in East Cleveland. $45k purchase price. Some work had been done in the past few years (new roof, etc.) but certainly an average house. Repair request came in and this is what was received from the property manager after I approved the repairs:
-Remove and install new kitchen faucet
-Remove bathroom sink; install new vanity/faucet; snake sink drain (sink 1)
-Secure shower pipe in wall and repair wall
-Replace two (2) light fixtures on side of mirror
-Unclog second floor sink drain (sink 2)
Total cost: $950 ($758 labor, $192 parts).
I expected some repairs in the first year since the tenants have been there for two years and the property is in average, not great condition.
Any thoughts or comments are appreciated, as I know maintenance costs can eat up any profit if not watched closely.
Thanks,
Kellan
Brief summary: closed on my first rental property in early September 2020. SFR in East Cleveland. $45k purchase price. Some work had been done in the past few years (new roof, etc.) but certainly an average house. Repair request came in and this is what was received from the property manager after I approved the repairs:
-Remove and install new kitchen faucet
-Remove bathroom sink; install new vanity/faucet; snake sink drain (sink 1)
-Secure shower pipe in wall and repair wall
-Replace two (2) light fixtures on side of mirror
-Unclog second floor sink drain (sink 2)
Total cost: $950 ($758 labor, $192 parts).
I expected some repairs in the first year since the tenants have been there for two years and the property is in average, not great condition.
Any thoughts or comments are appreciated, as I know maintenance costs can eat up any profit if not watched closely.
Thanks,
Kellan