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Updated 6 days ago, 11/16/2024
What are common landlord expenses, and who covers them? Landlord or tenant?
When managing a rental property, here are some common maintenance expenses to be aware of. Some can be passed on to tenants, while others are usually the owner's responsibility:
1. Sewer Cabling/Drain Cleaning: When there's a blockage, usually paid by the owner unless the tenant caused it. Tenants can commonly cause this issue by flushing wipes or pouring bacon grease in the drain. You can ask the contractor if he can identify the cause and if so you can bill back the tenant if they are responsible.
2. Driveway Sealing: Done every 2-3 years, usually paid by the owner.
3. Annual HVAC Cleaning: Done yearly, usually the owner's cost, though tenants should be responsible for changing the filters. A good excuse for regularly inspecting your property is to tell the tenant you are coming by to change the furnace filter.
4. Gutter Cleaning: Twice a year, normally the tenants responsibility but often overlooked.
5. Power Washing: Once a year or as needed, typically the owner's cost unless caused by tenant dirt.
6. Lawn Care: Regular upkeep, normally the tenant's job on single family residences stated in the lease.
7. Snow Removal: As needed in winter, usually the tenant’s job in single-family homes, owner in multi-family.
8. Pest Control: Owner handles big problems such as termites etc; tenants keep the place clean to avoid pests.
9. Roof Maintenance/Repair: Done as needed, paid by the owner. Storm damage would commonly be covered by your homeowners insurance.
10. Appliance Maintenance/Replacement: When needed, usually the owner’s job unless the tenant misused the appliance.
11. Painting and Interior Maintenance: Every 3-5 years or between tenants, paid by the owner.
12. Utility Costs (Water, Gas, Electricity):- Paid monthly by the tenant unless included in rent. Passing Costs to Tenants:- Lease Agreements should clearly state tenant responsibilities.- State Local Laws: Follow rules on what tenants can be charged for.
- Preventive vs. Emergency Maintenance: Regular maintenance is on the owner, emergency repairs might be charged to tenants if they caused the problem.
By proactively managing these expenses and clearly communicating responsibilities to tenants, property owners can maintain their properties effectively while minimizing unexpected costs.
Thanks,
- David Ounanian