Whilst tenants are responsible to care for the property they rent, a landlord is responsible for fair wear and tear issues. A good rental management company should do regular maintenance inspections and report to the landlord on what needs attention.
Sometimes the issues may include serious maintenance concerns that need urgent attention. Sadly, many landlords fail to budget for general maintenance of their property and are reluctant to incur the costs. Here are some good reasons why a wise landlord would keep their property in good repair:
A prudent landlord will budget between 10% and 15% of the annual rental for maintenance. Ensure your rental management agency sends you the inspection reports on a regular basis and attend to problems promptly. A good management company will be able to arrange for suitable contractors and will take the stress out of your maintenance concerns.
When you budget for property maintenance the expense becomes palatable and the benefits for you and your tenant are well worth the cost.