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[VIDEO] 3 Strategies For Preventing Maintenance Disasters
Rental Property Maintenance
No one likes to do it and no one likes to pay for it. As real estate investors, staying on top of property maintenance is a key way to keep your tenants content and build a reputation as an investor who cares for their business. Even when you have property management handling the nitty-gritty details and hands-on aspects of property maintenance, that doesn’t mean investors can ignore maintenance and simply rely on that management company.
Smart real estate investors stay in front of property maintenance by accepting it as a capital expenditure (capex) that is going to always be there. Maintenance is what prevents major issues and when issues arise, whether you landlord yourself or use a management company, time and action are vitally important. The longer we wait as real estate investors to address maintenance issues, the bigger the problems become and the bigger bite they take out of our check books.
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