According to Bankrate, the median home price in Flagler reached $440,000 in September 2024, an increase of $97,000 from the same time in 2023.
Real estate can be a great investment with a lot of potential, but it isn't always simple. If you want to maximize your profits, you need to follow the best practices. Implementing reliable property maintenance solutions will help ensure your properties hold their value over time.
Let's go over some key tips that will help you streamline maintenance coordination for your properties in Flagler, FL.
Create a Calendar of Property Maintenance Tasks
It's vital that you keep any properties you own safe and habitable, but staying on top of things can be tricky. Being organized is crucial, and a property maintenance schedule will help with this. You can establish a specific calendar for each property you own dictating what tasks need to be performed and when.
Preventative maintenance will help stop major issues from occurring. Through this, you can avoid major repairs that would cost more in the long run. Some typical tasks can include:
- Testing smoke/fire detectors
- Servicing HVAC units
- Cleaning gutters
- Roof inspections
- Lawn care
Additionally, rental property upkeep will help improve tenant satisfaction. You can then expect more lease renewals so you don't have to deal with property vacancies so often.
Conduct Regular Property Inspections
Even with routine maintenance, problems can occur. Dealing with such issues quickly can be very beneficial, so you should conduct regular inspections.
For these inspections, you can use a checklist to make sure you cover any areas where issues are likely to come up. For example, you may want to check:
- HVAC filters
- Appliances
- Interior plumbing fittings
- Safety equipment
Having a professional perform inspections is ideal. They can spot small signs of issues that most people wouldn't notice.
Practice Effective Communication With Tenants
Communication is a key part of being a landlord, and it can be incredibly helpful for maintenance. If you need to carry out any repair or maintenance work, it could disturb your tenants. Ideally, you should give them at least 48 hours notice so that they're prepared.
On top of this, good communication with your tenants can help you deal with issues. If they notice any problems, they'll be more likely to let you know so you can act quickly.
Hire a Property Management Company
Property maintenance can be very involved, and if you own multiple properties, things only become more challenging. Hiring a property manager can be the most effective approach.
They can organize and oversee any maintenance tasks so you don't need to worry. Their services are scalable, so as your portfolio grows, there won't be any challenges in terms of keeping your properties in good shape. A property manager can also offer expert landlord maintenance tips to help you get the most out of your properties.
Effective Maintenance Coordination
Property maintenance coordination will help you maximize your profits and reach your investment goals. A reliable property manager can make achieving success more realistic and less stressful.
PMI Daytona Flagler is a full-service real estate asset management company serving Palm Coast, Flagler Beach, Daytona Beach, and the surrounding areas. We can cater our services to meet your exact needs and keep you on track to your goals. Check out our property management page for more.
