How to Save Money on Maintenance for your Rental Property?
We want to address one of the major concerns of home owners – tips and hacks to keep your maintenance costs down
By Faraaz Hashmi
Skybridge Property Group manages commercial and residential properties in Los Angeles and cities in Orange County, including Long Beach, Newport Beach, Anaheim, and Yorba Linda. Today, we want to address one of your main concerns as an investor or landlord: how to keep maintenance costs down.
While sticking to a budget is important, you want to make sure your tenants are happy with the maintenance services they are receiving. The number one reason tenants leave a property and choose not to renew a lease is because their maintenance issues were not addressed in a timely manner.
At Skybridge Property Management, we have a solution to that. We have our own network of in-house vendors that can address many issues such as electrical and plumbing right on the spot. For services that we cannot take care of, we have our outside network of vendors that will be able to come and handle any problem the tenant is facing.
The Green Approach to Property Management
Our company takes pride in our green approach to the way we deliver our property management services. We like to use new technology such as nest thermostats which you can control from your phone. For example, if you have a short term rental where you are paying all the utilities, you know you can be in control of the costs so you do not get a crazy utility bill at the end of the month. By having the ability to control temperatures, lighting, and other household functions through your phone, you can save a lot of money when it’s time to pay your bills. We also recommend recycling programs. There are many ways you can implement recycling in and around your rental property to make the area as green as it can be.
Keeping your property green and eco-friendly is good for you and for the environment. It also makes your tenants happy.
How Transparent Are Maintenance Services and Costs?
Another concern for investors and landlords is transparency. We often hear from landlords working with other property management companies that they get charged for every maintenance or service call that’s received. This will surely add up to a large expense.
At Skybridge, we are very transparent. We will provide you with receipts and reporting at the end of the month or the middle of the month depending on what you prefer. We are always clear about what we are charging and what you are getting in return. Usually, you won’t pay anything more than the maintenance invoice for the work that was performed. There are no upcharges or additional fees, and we do not charge per service call. Our maintenance billing is very clear and very concise.
When it comes to maintenance, you and your property management company need to have open communication and a good understanding about how things will be charged and paid for so there are no surprises.
If you have any additional questions about maintenance and how to save money while protecting the condition of your rental home, please feel free to contact us at Skybridge Property Group.