A quality property will get you quality tenants.
Set up a yearly review and don't wait too long before you get around to fixing things.
The most obvious are paint, roof and visual appearance of the property.
Stay on top of repairs and maintenance so you don't alienate good tenants.
Maintaining your property now will also make it easier for you when you sell it in the future.
Handle your income producing property as if it were a business...
because it is.
-Conduct a yearly walkthrough of all units.
I notify my tenants that I will be conducting a quick walk through of their unit.
I can tell you some real scary stories I've witnessed myself!
-Lawn and shrubs well maintained? Can you make improvements?
-Does the parking area need resurfacing?
-Broken-down cars sitting around?
-Gutters and downspouts in good condition?
-Garbage and debris out of sight?
-Improvements? Buildings get higher rents if they are updated.
Fred Grunewald
nwapartmentsales.com
Posted by Landlord Stuff on 10/1/07 12:37 AM
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