Rental markets across the USA are starting to cool after the extreme post-pandemic highs of 2021 and 2022. This means potential tenants have a lot more choices when it comes to choosing a place to live.
So, if you're a landlord in Auburn Hills, Michigan, you'll need to ensure your property stands out from the competition to keep your tenants in place or attract new ones. This means dedicating more time and money to every one of your numerous property management tasks.
Effective maintenance coordination is the answer to many of the difficulties experienced by Auburn Hills landlords. Read on to find out how it can save you time and money.
Maintenance Coordination Prevents Costly Repairs
Maintaining a property includes many routine tasks. These include seasonal tasks like clearing gutters and landscaping as well as annual ones such as roof inspections.
By dealing with these matters according to a set schedule, you'll keep your property in excellent condition all year round. In this way, you can spread your maintenance costs across the year and avoid unpleasant and costly repairs happening all at once.
You can also detect and deal with small repairs faster before they escalate into more expensive ones.
Well-Maintained Homes Preserve Their Value
Nothing devalues an investment property faster than poor maintenance. Nobody wants to rent or buy a run-down property with malfunctioning appliances or unsafe living conditions.
By keeping your home in good repair, you can charge higher rents and get the best possible price if you decide to sell it.
Rental Maintenance Keeps Tenants Happy
Your tenants want to enjoy a comfortable and convenient stay in the accommodations you provide. Having to reach out repeatedly for assistance with maintenance issues will lead to increasing dissatisfaction.
Unhappy tenants don't renew their leases. Vacancies cost you money in terms of holding costs and the costs involved in finding new residents.
By ensuring you're always up to date with routine maintenance tasks, you'll keep your tenants happy. You'll also reduce the number of maintenance requests you receive at inconvenient hours.
Property Maintenance Keeps You Out of Trouble
Under Michigan law, it's the landlord's responsibility to provide a habitable living environment for their tenants. This includes maintaining your building according to strict health and safety standards.
If you don't comply, your tenants can refuse to pay rent, and there's little you can do about it. Timely and effective maintenance can help you avoid a costly, time-consuming lawsuit and unnecessary stress.
The Easiest Way to Coordinate Property Maintenance
Hiring a property management company takes all the effort out of maintenance coordination while maximizing time and cost savings.
PMI Great Lakes is backed by over 20 years of experience in Michigan's property management industry. We can assist you with every area of property maintenance, including routine inspections, preventive repairs, and tenant communications.
When you work with us, you're assured of maximum occupancy rates, expert service, and the best rates. Discover the ease of working with our professional team to maximize your Auburn Hills investment properties.
