In Richmond, Virginia, there is a list of things a landlord must do by law. Following housing codes, making repairs, and keeping common areas clean are just some of these things.
Habitable living is a tenant's right. To follow this law, maintenance and repairs should be priorities. A rental property management company can help, but do they pay for repairs?
Keep reading to find out.
Who Is Responsible for Paying for Repairs?
A rental property management company is not responsible for paying for repairs.
The fees a landlord pays a property manager cover maintenance coordination. This means the property manager handles the process of maintenance and repairs but not the cost.
A property management company may pay for repairs as they arise and ask to be reimbursed. Others will request you set up a reserve fund for them to use for repairs and maintenance.
The agreement will typically depend on the property management company you choose to work with.
What Is Maintenance Coordination?
The specifics of maintenance coordination may look a little different based on your property manager. Generally, they follow the same process of scheduling rental inspections and handling tenant maintenance requests.
Using a Tenant Portal
Implementing a tenant portal is common. Tenants can make requests as issues arise.
This can help lower overall repair costs, as you are notified of issues quickly before they become significant problems. However, to succeed in this process, you need to encourage tenants to make maintenance requests.
A property manager sees the requests and may ask for more information. They will then hire an independent contractor to complete the maintenance. Once the repairs are complete, they can follow up with the tenant.
Hiring Maintenance Contractors
Hiring maintenance contractors is one of the most critical pieces of rental property maintenance. A bad contractor will cost you a lot of money and time.
Luckily, a property management company like Renters Warehouse has a team of trustworthy vendors ready to respond to an issue. We pre-vet contractors so landlords don't waste time or their precious rental income.
You get quality work for a reasonable price.
The Importance of Efficient Maintenance
A property manager will immediately implement a process to improve maintenance coordination. This is important for many reasons.
Regular property maintenance can help you attract tenants and increase the value of your rental.
Happy tenants who feel their issues are solved are more likely to renew their leases. Renewed leases can increase your passive income because you don't have to spend money finding new renters.
Let Rental Property Management Help You
Renters Warehouse has been in the business since 2015 to help landlords like you. While we don't pay for repairs, we offer invaluable rental property management services.
Our trustworthy vendors are ready to respond to maintenance requests. We communicate with tenants to maintain your investment and keep them happy.
You don't have to worry about maintenance and repairs if you don't want to. You can be as involved as you want in our process. Contact us now to get started.
