When it comes to property maintenance, residential rental owners in Orlando are always looking for ways to save time and money, without sacrificing tenant satisfaction and the overall good condition of their property. It can be hard to know which items will truly benefit, and which will ultimately let you down. Here are some sure-fire ways to cut costs and save hassles:
Many rental investors tend to purchase properties that fall into the same general class, in terms of neighborhood and/or quality. Maybe you tend to buy single-family homes in Winter Park, or maybe it’s condos in Orlando. For units that are similar in price point and tenant expectations, choose as many uniform components across your units as possible. Consider using the same bathroom sink, shower, and kitchen faucets in all your units. Install the same thermostats and water heaters. Choose the same paint colors and flooring materials. You may be able to save money by purchasing in bulk, and you’ll certainly have an easier time of replacing or repairing things when they’re all the same.
Consider Refinishing Over Replacing
Some items like appliances, kitchen cabinets, and bathroom cabinets can give longer service without looking shoddy and impacting tenant satisfaction, if you refinish them instead of replacing them. If there are some chips or scratches in the finish of the refrigerator or stovetop, the repair materials for these are easy to apply and cost far less than replacing the appliances. Cabinets often look run-down before they’re actually broken and unusable. Refinishing with filler and paint or stain is often a far more economical solution than replacement.
Ditch The Mini-Blinds
Mini-blinds are ethereal, at best. They’re inexpensive, but they’re so easy to damage through normal use and cleaning that even inexpensive units will add up over time. Considering that café curtains are cheap and machine-washable, and the rods to hang them are $5 or less, you and your tenants will probably both be happier, and you’ll save money in the long run.
Think Before Replacing Flooring
Before you replace the carpet, consider that hard flooring like tile, laminate, or even vinyl may be more appealing to tenants, since they’re easier and cheaper to maintain. They’re also easier and cheaper for you, as the owner, because they’ll last through more tenancies.
Make Property Maintenance Ever Easier
You can make property maintenance on your Orlando area rentals even easier and more cost-effective by working with the experienced professionals at Belmont Management Group. We’ll help you achieve a stronger return on each of your investments with fast placement and effective tenant screening, economical maintenance and repairs, and more. Contact us by phone or online for a consultation to learn more.
Note: Please keep in mind that this is an overview of the important points, but by no means does it constitute a complete treatment of property maintenance, and the tips discussed are suggestions for your consideration, not guarantees of performance or savings.