By David Crown, Chief Executive Officer, Los Angeles Property Management Group
I once knew someone who ignored a termite report, thinking the problem couldn’t really be that bad. They then had to completely reframe a four-unit building, replacing every single piece of wood in two of the units. Who was the foolish owner in that scenario? That was me. I was relatively lucky—it only ended up costing me about $50,000 to fix that quadruplex in Silverlake, but that’s still an expensive lesson, and believe me, I learned it. I’ve been in property management for three decades now, and in that time, I’ve seen the best and the worst of what this industry has to offer, ranging from impressive workmanship to a few tragic mistakes.
I’ve written about preventative maintenance before, but it’s a subject I couldn’t possibly exhaust in one article—or ten. Nor can I overstate its importance to this industry. It might be the best thing we do for rental property owners, maybe even the best case for property managers to exist at all. Preventative maintenance isn’t just about cautionary tales. You’re not just averting disaster by taking these measures; you’re shrewdly pushing your property to the highest level of its potential profits. It’s better to go out of your way to do something smart than it is to just avoid doing something dumb.
To that end, here are three preventative maintenance “hacks” that will significantly impact the “health” of your building in the long term.
Read more: Three Simple Maintenance “Hacks” to Keep Your Building HealthyEnjoying this article?
This is an example of what is included on our FREE weekly newsletter, Landlord Weekly.
Subscribers get access to our free forms, email templates, and guides! As well as…
▪️Landlord Tips ▪️ Early Access to Our Blogs ▪️ Landlord Specific Articles by Other Industry Pro’s ▪️ Podcast Links
Click below to view a one of our newsletters!
This service scrubs out your main line of any debris or blockages. It will extend the life of your building’s sewer main by many, many years. It’s one of the most effective but neglected maintenance hacks out there. Don’t assume your current management has already thought to have it done—this is something to ask about. The cost of a new main line is far higher than the cost of getting a main line cleaned. This actually serves as a fairly reliable measure of capable managers. If your management company can tell you the last time they scrubbed out your main, you’re probably in good hands.
Sounds stupid simple, but a lot of people never have it done. It’s crucially important to help water drain from the roof. Especially in a year like the one we’ve had, with record rainfall, it goes a long way in keeping your property safe and leak-proof. Anybody who’s ever had to deal with a mold remediation situation can attest to the importance of keeping unwanted moisture out of a rental property, and the astronomical costs that can come with failure to do so. I walked through a prospective client’s building a week ago that had three apartment units stacked on top of each other, and all of them were entirely ruined by one leak.
The third “hack” wears boots! That’s right, it’s a team that keeps a careful calendar and performs all of the above and more maintenance actions on a regularly scheduled basis. Once, I was walking a property to inspect it when my colleague and I found a lit pilot light that was burning yellow, which meant it was emitting carbon monoxide. Thankfully we took action and immediately fixed the issue, but we might not have had the chance if we hadn’t been there in the first place conducting our inspection. So if you own apartments, I recommend hiring a management company with a dedicated maintenance team that runs on a strict schedule, visiting properties often and inspecting them thoroughly.
Sometimes, the simple fixes are the most impactful, and if you overlook them, you risk winding up in one of my many cautionary tales. But none of this is rocket science or requires cutting-edge technology. I didn’t get my Ph.D from Harvard in Property Management. (I did get my BA in English from Northridge. Go Matadors). Apply these maintenance hacks to keep your property healthy.
David Crown is the Chief Executive Officer of Los Angeles Property Management Group and has over thirty years of experience managing all types of income properties. Mr. Crown has been asked to serve as an expert witness in property management matters, and currently serves on the Forbes Real Estate Council. He can be reached directly at (323) 433-5254.
By Ryan Squires When setting the rental rate for a rental property or looking…
October 29, 2024Provided by Avail Knowing how to be a good landlord requires extensive knowledge of renting…
October 29, 2024
Dash | 20th Nov 23
Another thing that many homeowners overlook or forget to do on time is replace HVAC filters. Not only do dirty filters cause poor indoor air quality but also cause an HVAC system to work harder and consume more energy, reducing the home’s energy efficiency and increasing utility bills.
Kevin Kilroy | 20th Nov 23
Yes! Thank you, great point! This is why we encourage our landlords to do inspections at least twice a year. On that checklist should be either changing or making sure the tenant has changed their air filter. SO IMPORTANT!
ST | 19th Dec 23
About HVAC filters, although it’s standard to change them every three months, we recommend changing them every 60 to 90 days, particularly if you have seasonal allergies or pets. However, if you have a filter with a MERV rating, typically they have a longer lifespan.
Sanders&Johnson | 8th Jan 24
Thank you for sharing this. Another task every homeowner should perform regularly is checking the water heater for any signs of leaks. Water heater leaks can be very damaging to the property and reduce the home’s energy efficiency, as the unit needs to work harder to maintain the desired water temperature. Hot water leaks can be the result of a few different issues, such as broken pipes, broken valves, or a build-up of high pressure due to a malfunctioning pressure valve.