Bothell, WA, is a good choice for property investors looking for their next rental property. That's thanks to its large student population, excellent amenities, and growing job market.
There's more to being a landlord than finding a great rental market, though. You need to consider the ongoing time and financial commitment involved in running a rental home, too.
Maintenance coordination is one of the most time-consuming and important of these tasks. Fortunately, you can hire a property management firm to help you with that and reduce some of the costs associated with this responsibility.
Read on to discover how.
Do Property Management Fees Include Maintenance?
When you hire a property manager, you pay them a monthly fee to oversee the day-to-day operations of your property. Their job includes maintaining your property according to legally required standards.
To achieve this, they offer maintenance coordination services, but they don't pay for the physical work involved. It's up to the property owner to set aside a fund for rental property maintenance costs or pay each invoice on presentation.
What Is Maintenance Coordination?
Keeping your property in good condition preserves its value and keeps your tenants happy. It involves routine and seasonal maintenance tasks that reduce the risk of rental property repairs and replacements.
This includes keeping the building in a safe, sanitary condition by overseeing the following:
- Roof inspections
- HVAC servicing
- Testing safety equipment
Property managers check up on these vital components during routine inspections. They may also undertake minor maintenance tasks, like changing HVAC filters or replacing smoke detector batteries, during these visits.
Other seasonal tasks include gutter cleaning, yard work, and weatherproofing the home.
In Washington, tenants aren't responsible for major property maintenance. You can arrange with them to undertake some tasks, like lawn care, provided this is stated in their lease agreement.
During property inspections, your property manager may also talk to your tenants about any maintenance issues and potential property upgrades. These interactions can help encourage lease renewals.
When they notice that something needs attention, they will contact you for approval before commencing the work. Their established relationships with local contractors can ensure you enjoy the best service and prices for property maintenance.
Property management companies use technology to keep track of the paperwork and manage tenant repair and maintenance requests.
Other Property Management Benefits
Apart from maintenance coordination, property management services can help you retain tenants and preserve the value of your property with a range of specialized services. These include:
- Property marketing
- Rent collection
- Accurate record-keeping
- Rental analyses
- Owner statements and reporting
Property managers can also assist you with guidance about landlord-tenant laws and evictions.
Get on Track With Experienced Property Managers
Maintenance coordination is vital for ensuring you get the most out of being a Bothell landlord, and hiring a property manager alleviates most of the time and stress involved in this.
PMI Equitas is powered by state-of-the-art technology and backed by over 20 years of experience. Our property managers have the skills and qualifications to ensure you enjoy success with your Bothell investment properties.
Work with us to streamline your property management processes and get your rental business on track.
