A well maintained home is more likely to increase in value, and in the end will cost you less to maintain and cause less trouble. There is no economic value in delaying a repair. You’re going to have to do it eventually, and if you wait, not only will the problem have gotten worse (and, possibly, more expensive), but you will also have alienated your client: the tenant.
Avoiding Rental Landlord Burnout for Real Estate Investors
From Christopher Smith
Trying to cut corners on every repair is a short-sighted strategy. Your tenants will take their cues from how you treat the property and they will adjust their behavior accordingly. Why should they care about the house when you don’t?
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- Maintaining a Balance
- The Real Estate Investor Turned Landlord - Look Before You Leap
- Select the Right Tenant to Avoid a Real Estate Investment Nightmare
- Take Care of Your Tenants
- Don't Take Shortcuts with Repairs
- When to DIY and When to Call an Expert
- Know Your Limits - It's a Marathon Not a Sprint
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