The dozens of minor repairs can be more concerning than the major repairs as it makes me question what else is wrong with this property that I can't see.
For example, a poorly maintained caulking job around all the windows is going to let water in, resulting in rot and mold which is far more costly and difficult to diagnose and repair than replacing a dead water heater.
Below are some minor items that are both fast and inexpensive and will improve the first impression of your property. These easy maintenance tips should help both lease your property quicker to new tenants as well as make it easier to sell when you are ready.
1. Make sure the lighting in the common hallways are clean and bright. Put a fresh coat of paint on the wall and make sure they are consistently swept and clean.
2. If the individual apartment doors are dented or scratched, replace or repaint them. It the first impressions that people have of the unit they are preparing to enter.
3. Clean up the yard, pick up any trash, trim back the trees and bushes. Consider planting some inexpensive, but low maintenance plants in the front to freshen up the look.
4. Has the front door been kicked in, damaged, or dented, if so repair or replace it. Not only will this improve how it looks, it will improve security and possibly weather proofing.
5. Consider replacing the mailboxes if they are more than 20 years old and look worn and dated.
6. How does the building have an odor (pet, smoke, or mildew)? Find the offender (no not the tenant) and fix the source and then treat the problem.
7. If the building has a common laundry room, make sure it is clean. Consider adding lights and repainting.
8. Insure the front windows on the building have good window coverings. If the blinds are damaged or the tenants put up sheets over the windows, replace them with property windows coverings.
9. Look under ever sink for signs of leaking drains. Repair the plumbing and then repair or repaint the under side of the cabinet.
10. Walk around the outside of the building and look at the steps, screens, and fascia. Replace, repair or repaint anything that does not look perfect.
11. Check that you have door bumpers on all the doors and repair any damage in the walls.
12. If you have mold and mildew growing around the tubs, clean with a strong bleach formula and recaulk them.
Most of these above tips are simple and inexpensive and doing a few every month is easy. Over time you will help make your property both easier to rent and sell when necessary.
Investment Property Tax Deductions
1. Analyze yourself
Do you want some help from a professional with regards to investment property? Are you afraid of loosing money in your property investments? Do you need some guidance in the real estate business? You should probably attend an investment property seminar especially if you said yest to one or more of those questions.
2. Information on investment property seminars
The only difference between an investment property seminar and other seminars is the fact that investment property seminars are about property investments. The advantages of attending an investment property seminar are numerous. The first one and the most important would be the fact that you learn reliable and precious information on property investments. And more, it is all with no fee. An investment property seminar will also provide you with information on the real estate market, property investments, tax laws, property appreciation or depreciation. This will be a great chance for you to learn more about the process: how you get pre-approved, what type of low-down loan product to choose, and finding the home. Also, one of the many advantages of an investment property seminar is that this is the best place to find new business associates or even possible clients for your rental properties.
3. Professionals involved in investment property seminars
There are specialized university teachers, or property investment managers that will lead the seminars and share with you their experience. Also, sometimes, there are very popular persons that have experience in this domain and who come to teach others some of their secrets. So, an investment property seminar will be held by specialists in real estate, and you will have plenty to learn.
4. The property investment ladder hierarchy
You can advance in property investment by attending these seminars. You will find potential clients property investment company managers and real estate investors who themselves are looking to network and create new business deals. Among the advantages of attending an investment property seminar there is the fact that you dont have to attend a seminar each time one takes place. Nobody has to pay a fee to attend these seminars.
Both Scott Ficek & Linda Emerson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Scott Ficek has sinced written about articles on various topics from Property Investment, Sell Home and Property Investment. Scott Ficek owns and manages almost 30 investment property units from single family to multi-family. He is also a Agent with RE/MAX Advantage Plus in Min. Scott Ficek's top article generates over 3600 views. to your Favourites.
Linda Emerson has sinced written about articles on various topics from Education, Finances and Online College. For more great Seminar related articles and resources check out . Linda Emerson's top article generates over 8100 views. to your Favourites.
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