The importance of effective property maintenance in Alpharetta, GA, cannot be overemphasized. Wallet Investor reports that Alpharetta property investment profits have flatlined in the last couple of years. However, prices are expected to rise by over 22% in the next ten years.
Clearly, now's the time to get your property in great shape to maximize profits down the line. Yet that's not the only benefit that comes from regular maintenance. Join us as we quickly examine a few more benefits of regular Alpharetta property maintenance.
Attract and Retain Quality Tenants
Good tenants who pay and stay tend to have high standards, and who can blame them?
Scheduling regular inspections and maintenance doesn't just maintain good relations and enhance the visual appeal of your rental. These visits also ensure the home is safe for tenants in the long term. Issues like mold, faulty HVAC systems, and malfunctioning smoke detectors can put tenants' lives at risk.
To retain high-quality tenants, take care of these annual essentials:
- Pest inspections and control measures
- Roof inspections and minor repairs
- HVAC maintenance
- Inspect and refresh bathroom and kitchen caulking
- Check and update security measures, such as locks and window locks
- Maintain smoke and carbon monoxide detectors
Having a regular maintenance schedule and sticking to it can go a long way to keeping tenants happy. But if you're finding this a strain, a property management company could be a great solution. They have teams of contractors and other professionals they can call on to keep your rental in great condition.
Property Maintenance is the Law
The state of Georgia has laws in place to protect tenants and landlords. This includes the following obligations for landlords that directly relate to property maintenance:
- Ensure the property meets local housing codes at all times
- Promptly follow up on repair requests
- Maintain the plumbing, electrical, and HVAC systems
- Repair any supplied appliances if they break
Landlords must also pay for repairs resulting from regular wear and tear. The only exception is if a tenant damages the property. In this case, the tenant may bear responsibility for the repair costs - that's what security deposits are for.
Attain a Higher Rent
Eventually, all properties will need some major maintenance and renovations. Installing a new kitchen or bathroom, redecorating, or relandscaping could turn out to be money well spent. These improvements may allow you to charge a higher rent and even recoup your investment over time.
Getting Property Maintenance Right
While we all accept that regular property maintenance is the right thing to do, finding the time-and contractors-to do it can be a real headache.
However, if you work with a team of property managers in Alpharetta, that headache goes away. They will arrange to inspect, maintain, and repair your property.
If you have a rental in Alpharetta, PMI North Atlanta is your property management company. We provide expert local knowledge to help you maintain your investment and find the best tenants.
Click here to learn more about our services for owners and arrange a free rental analysis today!
