Would you like to find success in real estate? If so, streamlining your property maintenance process is a great way to ensure you do.
Many investors struggle with property maintenance because they're unsure of how exactly to approach it. However, it's necessary for maintaining your property and keeping tenants happy.
Here at PMI BrightStar, we can provide all of the information you need about HOA property maintenance. We'll cover the basics in this quick guide to help you get started in San Antonio, TX!
Create an Inspection Schedule
One of the best ways to streamline your HOA property maintenance process is to create a schedule for inspections and preventative maintenance. These inspections will allow you to monitor your property and address issues immediately, making it easier to avoid larger issues.
Setting a schedule will also prevent you from making tenants uncomfortable. At the time of signing the lease, you can present the schedule to them to ensure that they are aware of when you will visit.
Try to inspect the HOA property at least once every six months. However, you may get better results by doing so every three months.
During the inspections, you should examine the entire property's interior and exterior. Whenever you notice something wrong, investigate further to determine whether the tenant is at fault. From there, you can decide who should pay for maintenance.
Set a Maintenance Budget
Aside from creating an inspection schedule, you should also set a budget to make it easier to determine your priorities.
If you have a strict budget, you should focus only on necessary maintenance that will keep the property in shape while protecting tenants. This means you shouldn't invest in things like cosmetic upgrades, even if they increase your property's value.
However, with scheduled inspections, you will likely save money on maintenance. This can allow you to increase your budget later.
Hire a Property Manager
When owning a property in an HOA neighborhood, it's typically a good idea to hire a property manager. Doing so will let you outsource various tasks that can take up a lot of your time.
Some of the main things a property manager can handle are inspections, repairs, and tenant complaints. They may also have connections to maintenance companies that can give you good deals when working with them.
Whether you have a tight or flexible budget, you can benefit from hiring one. All you must do is determine what exactly you would like to outsource to them. In many cases, you can pay lower rates by outsourcing fewer tasks.
Streamline HOA Property Maintenance Today
Now that you know how simple it is to improve HOA property maintenance, you should start creating an inspection schedule immediately. From there, you can set a budget and determine whether hiring a property manager is right for you.
We highly encourage you to take advantage of our property management services. Not only can they make maintaining your property easier, but they can also help you earn more money.
Learn all about PMI BrightStar's property maintenance services by contacting us today. We will assist you with all of your San Antonio real estate concerns!
