Property maintenance is one of the most time-consuming and costly aspects of owning a Nashville rental property. It's also an imperative part of complying with Tennessee landlord laws.
Hiring a property manager is the best way to keep your property in excellent condition without investing time. A property manager can also help reduce the costs associated with maintaining your rental unit.
Property management fees don't include rental property maintenance costs, but they do include maintenance coordination. Keep reading to find out more about this important aspect of property management.
What's Included in Property Management Fees?
A property management company helps relieve landlords of most of the work associated with owning an investment property. Their services include:
- Property marketing
- Tenant screening
- Lease origination
- Rent collection
- Property inspections
- Maintenance coordination
Maintenance coordination and property inspections are two of the most important services for preserving the value of your property and encouraging tenant lease renewals.
Maintenance Coordination: A Brief Overview
Maintenance coordination is an ongoing program of preventive and routine maintenance. The first step in this process involves creating a calendar of routine tasks, such as:
- Gutter cleaning
- Roof inspections
- HVAC servicing
- Pest prevention measures
These routine tasks help ensure your rental unit stays in immaculate condition and help prevent costly repairs and replacements. Spreading them out over the year helps you budget more effectively.
During property inspections, a property manager works according to a rental property maintenance checklist to ensure they don't miss anything important. This list might include checking for things like:
- Water leaks
- Faulty appliances
- Inefficient air conditioners
- Faulty carbon monoxide and smoke detectors
They employ property management software to help them coordinate it all. This is an effective tool for keeping records of maintenance-related transactions and for communicating with tenants and vendors.
A property management company has ongoing relationships with pre-vetted contractors to ensure timely attention to any maintenance issues. These relationships can also mean you enjoy better prices and warranties.
When a maintenance issue arises, your property manager will compare quotes, arrange for the contractors to access the home, and oversee the work done. Afterward, they forward the bill to you, or they can deduct the amount from your next rental payment.
Do Tenants Pay for Maintenance and Repairs in Nashville?
Tenants have minimal responsibilities when it comes to maintaining a rental property. Landlords can negotiate with them to carry out small routine maintenance tasks, like lawn care.
You must clearly state any expectations in your lease agreement and make sure the tenant understands their role in maintaining the property.
Reduce Your Property Maintenance Costs?
Effective maintenance coordination relies on having a dedicated team on call around the clock. It helps you maintain the value of your property, meet legal requirements, and keep your tenants happy.
Green Tree Property Management helps you avoid unnecessary maintenance expenses thanks to our fast responses to maintenance and repair requests, thorough inspections, and tenant screening processes. Our team has decades of combined experience in the Nashville real estate market.
Explore an easier way to manage your Nashville, TN, investment properties.
