Many more FAQs on maintenance are available on our members' FAQs About maintenance page.
The upkeep and improvement of rental property is vital to continuing economic viability. Property that is not regularly repaired and refurbished is not able to compete effectively for new tenants, except with discounted rents.
A practice of deferring maintenance, and lowering rents, leads to a downward spiral that is hard to reverse.
Many mom and pop landlords estimate and allocate 5% of gross income for maintenance and repair. However, national studies indicate an average real cost of $700 per unit in a large complex, to $1,100 for single family homes. If you think you are not spending that much, perhaps Pop, or Mom, are not being paid for their labor.
How do I ...?
Many more FAQs on maintenance are available on our members' FAQs About Maintenance page.