Catching a problem and fixing it when it's small can save you money (and headaches) down the road. As a homeowner or property manager, inspect your units regularly for these issues and deal with them before they become a huge expense.
1. Check for leaks
Detecting and fixing a water leak early means preventing the possibility of mold growth or wall and ceiling damage. Check for leaks in windows, doors, sinks, showers, toilets, and water heaters in your units. Look for pockets of water on the walls and ceiling, especially after rainstorms or when the snow begins to melt.
2. Undo showers and seal cracks in tile grout
Regular use of bathroom and kitchen surfaces causes cracks and loosening of tiles. Resealing these areas around the tub, sink, and tiles will prevent water from getting in and damaging walls and floors.
3. Update the wiring
Keep your building's electrical system secure and up-to-date to prevent short circuits, blackouts or electrical fires. Hire a contractor or maintenance person to help you routinely inspect your system.
4. Repaint your property
Don't expect the exterior of your building to peel off or the interior walls to be damaged and filthy. A fresh coat of paint can help extend the life of your building and increase the marketability of your unit. A freshly painted home can also be a renovation incentive and a tax-deductible expense.
5. Change the air filters
Neglecting your air ducts until they are clogged and then hiring a professional to clean them is costly and can leave your tenants unheated or cooled while you wait for service. This can be avoided by replacing the filter in your central air or heating system every two years.
6. Test smoke and carbon monoxide detectors
Set a time with your tenants to make sure these devices are working properly and not past their expiration date. A smoke or carbon monoxide detector that doesn't explode in an emergency can not only cause serious damage or injury, but also put you in court. Replace batteries, check cables or buy a new device if necessary.
7. Check for pests
Dealing with a major pest problem can be costly. Tenants may need to move out temporarily and you risk losing them and facing an extended vacancy. Inspect your property regularly for signs of creature intrusion and deal with the problem before it turns into an infestation.
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