If you’re a landlord, you know just how costly property damage can be. While careful screening processes for new tenants and meticulous property maintenance are both great examples of ways to keep your investment property in the best condition possible, smart landlords know that dealing with property damage is never completely avoidable. Luckily, our property management experts have put together some quick tips to help you handle property damage in the best way possible.
Dealing with property damage when you’re a landlord
1. Be available for your tenants
Most of the time, your tenant will notice damage before you do, so you must make sure you’re available when your tenants reach out and can respond to phone calls and/ or written notices in a timely manner. Common issues like broken pipes or clogged toilets could escalate to more serious problems if they are not addressed quickly enough, so always make sure your tenants area able to get in touch with you or someone you’ve authorized to act on your behalf.
2. Identify the cause severity of the damage
When dealing with property damage as a landlord, you’ll need to distinguish between “fair wear and tear” and more significant, problematic damage. Most landlords specify in their rental agreements who is responsible (either the landlord or the tenant) for repairing normal wear and tear or fixing damaged amenities.
While the tenant is always responsible to repair any damage caused by himself or herself, family members, guests, or pets, you may also specify in your lease agreement details about who will be responsible for additional minor repairs.
3. Repair the damage as quickly as possible
Once you’ve identified and assessed the damage, speak with your tenant about plans for repairs. Regardless of who will ultimately repair the damage, it is always in your best interest as a landlord to ensure the property is safe, habitable, and in the best condition possible.
If you decide to hire a professional for help, make sure you find trained, experienced workers you can trust to get the job done quickly and effectively. You should also make it a point to follow up with your tenants after repairs have been made to confirm that the damage has been sufficiently repaired.
Need more help dealing with your investment property?
At Intempus Property Management, we proudly offer 24/7 property management services throughout the Bay Area. Whether you own residential or commercial properties, we’re fully equipped to help you make the most out of your investment. For more information on Intempus and how we can help you manage your rental properties, please contact us today!