Saturday marked the official first day of Spring. You’d hardly know it, because I think that Groundhog is paid to be wrong every year, but hey, that’s ok.
However, it gives you some time to begin planning spring ready maintenance at your rental property?
Yes, that’s right, preventative maintenance.
As a real estate investor, we know preventative maintenance is important to you, however sometimes there just isn’t enough hours in the day to complete all of those tasks.
A few years ago, Welcome Home Management launched Spring/Winter Ready a subscription based program that partners with Investors in ensuring your rental property is ready for the changing seasons. Have confidence knowing that your property is being well maintained by a company focussed on preventative maintenance.
Our Team will ensure the following :
· Clean out all gutters, downspouts and eavestroughs from leaves & debris
· Direct water away from the home
· Turn on/off all outdoor water sources
· Test smoke detectors and C02 detectors as well as change batteries annually
Take these important tasks off of your TO DO list and have confidence knowing that the job will get done.
HOW WE STARTED
We started this program a few years ago when one of our own tenants called us about a water issue in her basement. We were mortified. We thought for sure it was a foundation issue and all we could see is dollar signs. But the fix was really simple. Our eavestroughs were full of leaves and the downspouts were directed towards the house and were seeping into the block foundation. The solution, clean them out and direct the water away from the house.
Since then, we haven’t missed a spring or a fall in doing this preventative maintenance on any of our rentals. Recently other investors have asked us if we wold be able to arrange that for other rentals we have — and now we are.
WHY WELCOME HOME’s SPRING/WINTER READY PROGRAM MAKES SENSE
If you’re anything like us, water tends to scare us. Water can be a costly expenditure and as an investor can wipe out your entire cash flow you’ve built up. A simple, preventative maintenance program like Spring/Winter Ready can save you thousands of dollars in the future. Take our example above, we thought we had a foundation issue that could’ve cost us upwards of $5,000 when the solutions were a simple fix.
Spring/Winter Ready is a small price to pay compared to the alternative and is a business expense that you can use to deduct on your taxes.
So, what are you waiting for? Are you going to get up on that ladder and do this, or should we? You can learn more about our services here. However, regardless of whether you choose to engage with us or not, do yourself a favour, make preventative maintenance a priority for you in 2021!
And if you just have too many things on your to do list, do yourself a favour, and give us a call. We’d be happy to help!