Real estate investment is a great way to increase your annual cash flow. What many don’t realize is the amount of Marana investment property management responsibilities that can effectively run your real estate business. It’s easy to get in over your head and feel overwhelmed by the number of obligations involved with investment property management in Marana AZ. Here, we’ll cover the importance of managing maintenance and repairs.
Property Management Responsibilities-Maintenance and Repairs
Marana investment property management includes the physical aspects of the property-inside and out. After all, you’ve likely put a lot of money into the property, and you want to take care of your investment not only for yourself but for the health and safety of tenants.
Regular maintenance is part of any great Marana investment property management strategy. You want to ensure appliances and systems are in good working order. To provide safety measures, check that all windows and doors lock properly. Some landlords include lawncare as part of investment property management in Marana AZ. Others leave the exterior landscape as the tenant’s responsibility.
Something to keep in mind when acquiring an investment property…When physical structures are damaged or non-working, insurance companies may deny coverage until repaired or replaced. Be sure to know and understand the standards that landlords must meet to provide adequate insurance for the home. And, from time to time, your financial institution or city may require an inspection. This can happen for a number of reasons, such as inspecting for safety and health codes and to obtain the market value of the property.
A Professional Property Management Firm that Can Help You Effectively Manage Your Investment Property
Investment property management in Marana AZ can quickly prove overwhelming. You can team with a third-party property management firm and ease some of your responsibilities.
Accessible and responsive, a property management company can provide timely maintenance and repairs for your property.
For reliable and trusted service, contact the experienced real estate professionals at Real Property Management Rincon. We can provide you with valuable services that can help you manage your investment property.