When you picture the word “home,” your mind instantly flashes to images of happy times and feelings of sanctuary and comfort. It’s the one place you feel safe from the dangers that lurk in the world outside. It’s the one place that nothing bad can happen. Rather, it should be. The sad reality is home accidents occur commonly, and many homes contain risks such as weak floors, mold, lead paint or faulty wiring.
That’s the bad news. The good news is that many accidents and safety concerns can be prevented. As a landlord, performing regular safety and maintenance checks, and replacing or repairing items that need attention, will help avoid the dreaded late night calls that come with the job.
For repairs beyond your comfort level:
- Keep the number of a trusted handyman available
- Hire a professional, for electrical and plumbing repairs.
When you keep your rentals in peak condition, your tenants feel safer and you feel peace of mind. You also save money by preventing larger repairs caused by neglect.
Property managers should have
- A thorough inspection checklist
- An up-to-date log, or rental home diary, to record the results of annual inspections and any repairs or replacements made
- An electrician inspect the electrical system every five years to help catch, and prevent, problems before they grow.
Not only will this help you keep track of your home maintenance, if a problem ever arises, it proves you practiced “due diligence” and made every attempt to keep your rental home up to current codes and in proper repair.
Ideas for article by Karie Fay on July 29, 2012.