I had this conversation with someone at the grocery store a few days ago...
I had this conversation with someone at the grocery store a few days ago. We were talking about a rental property and he shared some recent experiences with his property manager, who it seemed wasn’t protecting the value of his property appropriately. I then shared something I’ve observed over the years, which is when landlords or property managers say, “it’s just a rental” in order to justify going cheap or neglecting maintenance or repairs. Of course, I understand that you don’t want to over-improve your property, it is an investment, and an owner needs to be mindful of costs. However, scrimping on repairs or maintenance sets up a negative spiral, ultimately leading to the deterioration of your property value, the opposite of what you want.
First of all,
First of all, you won’t be able to get as much for rent as a similar property that is in better condition. Then, the type of tenant that is willing to move into a poorly maintained property could be the type of tenant that won’t bother to take care of it either. They may feel resentful, thinking “it’s not my place, why should I bother?” Also, this may just be all they can afford, and they may be reluctant to ask for repairs out of fear that the rent will be increased.
Alternatively,
For more specific information
For more specific information on preparing your property for rent, please call us at 805-694-6355. We’d be happy to schedule a visit and discuss your options; no obligation, of course.
