How to Save Money on Maintenance Repairs

Yikes! That toilet is clogged again. Oh no! The disposal’s not working. Uh oh . . . the refrigerator is broken for real this time. Maintenance issues can be big or small, but they are definitely going to happen in rental management. Indianapolis landlords look to Real Property Management Indianapolis Edge for some tips on how to lower expenses when maintenance problems crop up.

BUDGET
To succeed in Indianapolis rental property management, you have to set aside money for a rainy day. Since you know maintenance repairs are inevitable, calculate what you need to cover expenses in the future. Every month, put a little bit of money into your “maintenance repair” fund, so that when the time comes, you are prepared and you won’t have to take it out of your vacation fund.
HIRE A PROFESSIONAL
Yes, your Uncle Tim could probably fix the dishwasher, but is it worth the risk? A lot of states require a licensed professional to repair certain issues, and you don’t want to get caught in a lawsuit because you wanted to save a little money. Make certain you know your state regulations so that you can avoid any hassles down the line.
ANSWER YOUR PHONE
Keep your tenants happy by responding to their phone calls or emails in a prompt manner. One of the most common complaints tenants have about landlords is their inability to take care of maintenance issues before they become a bigger problem. After the repair is finished, follow up with your tenants a few days later to make sure everything is functioning properly.


The experts at Real Property Management Indianapolis Edge want to save you time and money on maintenance repairs. Call us today to find out how we can help you!

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