Despite occasional ups and down, real estate remains a solid investment. Besides the market, several variables can impact your bottom line. These include investments in rental property upkeep and improvements.
These tasks can suck up a lot of time and cause a lot of stress as well. For this reason, many owners turn to property managers to handle repairs.
If you are thinking about hiring a property management company, you may be wondering what repairs they will perform. Some will be covered by your agreement while others will be outside the scope of their responsibilities.
The good news is that, once you know what factors influence this, you can know what to expect. The information below covers the types of repairs property managers are generally responsible for. Keep reading to learn more.
Common Repairs That Property Managers Perform
In general, property managers will tackle the most common repairs on your units. These might include plumbing and electrical issues, such as leaks, clogged drains, or faulting wiring.
They also will do basic HVAC maintenance and repairs. These can include replacing minor parts, like belts, or checking coolant levels.
Some property maintenance companies will take on basic home repairs as well. These include things like fixing dents in drywall, light fixtures, or loose handrails or door knobs. Depending on the company, they might do simple appliance repairs as well, such as refrigerator ice makers or dishwasher issues.
Finally, property managers will respond to requests from tenants. They will respond based on the severity of the repair need.
You can expect property managers to take on some tasks that do not involve physical labor. For instance, they can line up contractors for jobs that demand special expertise or equipment.
While they might not cement slabs or replace rooves themselves, you can expect them to oversee such projects. They can also help you get quotes from contractors and meet with them to go over estimates, then report back to you.
Finally, you can expect the best property managers to inspect properties on a regular basis for you. This means they will do routine maintenance checks to catch minor problems before they become major ones.
Variables to Consider
Each rental property management contract is unique, and companies structure their services differently. It is important to understand the scope of each agreement (and what tasks may fall outside of it).
Also, keep in mind that jobs that needs additional supplies or materials may not be covered under your contract. Simply because the property manager will take on a task, does not mean that you will not be responsible for extra costs. However, a good management company will always go over prospective costs with you before proceeding.
Find Sacramento Property Managers
Now that you understand the role property managers have in paying for repairs, you can know what to expect. Discuss what regular chores you expect from managers before signing a contract, to make sure everyone is on the same page.
PMI American Rivers is a full-service property management company dedicated to helping clients get the most out of their real estate investments. We provide a range of services, including property repairs and maintenance. Reach out to us today to learn more.