In Calgary, the demand for rentals has been increasing, and so has the new housing supply. As a rental property owner, maintaining your property’s appearance and condition is crucial to attracting potential tenants and keeping the industry competitive. However, maintenance is much easier said than done. With Aspire Peak Properties, the upkeep of rental property in Calgary can be smooth and even enjoyable with the right strategies, tools, and partners.
Importance of Preventative Maintenance on Rental Property in Calgary
In rental property ownership, preventative maintenance is a proactive approach that helps sustain the value of your property, pointing toward cost efficiency, tenant satisfaction, safety and compliance, and avoiding major interruptions.
Regular upkeep can help you identify problems before they worsen, saving money on even more expensive repairs or replacements. Performing regular checks and maintenance also minimizes the likelihood of significant disruptions or emergencies, such as flooding, heating or electrical failures.
Moreover, this work prioritizes safety and compliance. For example, when key structural and safety components, such as heating systems and smoke detectors, are in good condition, you reduce safety risks and comply with local regulations. Ultimately, a well-maintained property ensures tenant comfort and satisfaction, which can lead to extended lease agreements and reduced vacancy rates.
Common Maintenance Issues for Single and Multifamily Properties
Maintenance on rental property in Calgary involves several recurring issues that can make ownership challenging. Every single and multifamily rental property owner has to deal with these problems at one point or another, with some of the most common including the following:
Roof Leaks and Damage: A healthy roof serves your property and tenants longer, safeguarding the property’s structural integrity.
Plumbing Problems: Leaky faucets, clogged drains, or constantly running toilets require inspections and maintenance to keep major water damage and waste at bay.
HVAC System Failures: Servicing these systems restores adequate climate control and energy efficiency, enhancing tenant comfort and sometimes reducing heating and cooling costs.
Electrical Dilemmas: Faulty wiring or outdated electrical systems should never find their place in a rental property. Proper wiring, grounding, and circuit breaker maintenance guarantee the safety of tenants and the property.
Appliance Repairs: Prompt repair of items like washers, dryers, or stoves is vital in supporting satisfactory living conditions.
Pest Infestations: Pests bring disease and destruction, and mitigating these issues requires control measures like sealing entry points and maintaining cleanliness.
Exterior Maintenance: Attention to the property’s exterior can boost curb appeal and prevent further costly repairs. Invest in painting, cleaning gutters, and landscaping.
Tips for Handling Emergency Repairs
Besides preventative maintenance, rental property owners must also be ready for emergency repairs. No matter how well-managed a property is, unexpected problems can still arise, and the responsibility falls on you to resolve them promptly. Here are tips for handling emergency repairs:
Establish a Reliable Network of Contractors: Have a list of trusted contractors, electricians, plumbers, and HVAC specialists to reduce response time and ensure high-quality repairs.
Regularly Update Emergency Contacts: Provide tenants with up-to-date emergency contact numbers for property management.
Maintain Open Communication With Tenants: Encourage tenants to report problems immediately. Clear communication channels enable fast resolution.
Prepare an Emergency Fund: Keep a dedicated reserve fund for emergencies to manage cash flow during unforeseen situations.
Document All Repairs: Keep records of all emergency repairs, including dates, costs, and involved parties. This documentation can be helpful for legal or insurance purposes.
Implement Technology Solutions: Use property management software to track maintenance requests and repair histories. This kind of organizational system streamlines the repair process and aids in monitoring frequent issues.
Prioritize Safety and Compliance: Work on repairs that address safety hazards and legal compliance first, as these can have significant implications for tenant well-being and property regulations.
Let AspirePeak Properties Handle the Upkeep of Rental Property in Calgary
Knowing how to keep your Calgary rental property in top shape creates a more rewarding and profitable experience as a property owner. AspirePeak Properties, a licensed brokerage through the Real Estate Council of Alberta (RECA), specializes in residential property management and is ready to handle your property’s maintenance requests.
From seasonal maintenance to urgent repairs, we have the resources to effectively manage your property’s upkeep and give you more time to focus on other aspects of property ownership. Call (587) 997-1257 or contact us online to learn more about how our team can help you.
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