Annual Maintenance of Your Asset

Annual Maintenance of Your Asset

If you were still living in the home that has now become a rental property, you would likely be power washing and sealing the deck every 2 years, trimming the trees that begin brushing against the house, sealing the driveway before the cracks get too deep, and painting any peeling trim before the wood begins to rot.

These annual maintenance tasks are just as important on your rental property as they are on your primary residence. Deferring these maintenance items just pushes the cost into the future at a much higher price.

The better the house is maintained, the quicker it will rent and the better positioned it will be for eventual sale. Some of these maintenance items will need to be addressed if they become HOA violations, but landlords should be proactive about maintaining their properties, not just because the HOA requires them to do so, but also because it helps protect the long term value of their asset.

When preparing an annual budget for your rental property, we suggest factoring in expected costs of exterior maintenance over the next 3-5 years.

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