Expensive rental repairs that landlords should prioritise
The common misconception that you need to spend half of your rental income on repairs is far from the truth. While rental repairs can be very expensive, many landlords pay more than they should because they fail to keep up with maintenance. In this blog post, we’ll be sharing some of the most expensive rental repairs that you need to prioritise.
Having HVAC units in your rental property can be a major selling point when renting it out. Most HVAC units have a lifespan of about 15 to 25 years, but with proper maintenance and regular repairs, you can increase the longevity of your units. Try scheduling maintenance visits at least twice a year, preferably before summer and winter, to keep your AC units in tip-top condition. Also, ensure that your tenants are cleaning the filters once every couple of months to keep debris and dust from piling up.
As the landlord, it is your responsibility to ensure that the boiler is working efficiently at all times. A malfunctioning boiler will not only inconvenience your tenants but could also lead to flooding. Replacing a boiler can be very expensive, so ensure that you keep up with maintenance and repair. The pressure release valve should be inspected every year to prevent the heater from exploding, and the boiler should be flushed regularly to get rid of mineral deposits that may cause corrosion.
Faulty or loose electrical wiring
Faulty electrical wiring is not only an expensive repair but also a fire hazard. Buzzing sounds, tripped breakers, sparking or warm outlets, and flickering lights are signs of electrical issues, so once your tenants make any of these complaints, contract professional electricians to fix the issue immediately. To avoid electrical problems in the future, hire an electrician every year to go through your property, checking for any wiring issues.
Mould can grow on any surface as long as there is moisture and air. It produces spores that get into the air, causing wheezing, nasal stuffiness, eye irritation, and throat irritation. Mould is a huge problem for landlords, but luckily, you can prevent it from growing by staying on top of plumbing issues. Ensure that all water leaks are addressed immediately and use a dehumidifier in areas prone to mould growth.