Lakewood Ranch is one of the best places to live in Florida. The big attractions here include lake access, parks, excellent shops, and a short drive to Florida's beaches, making it popular amongst vacationers, too.
So, if you own an investment property in Lakewood Ranch, you're on to a good thing. That is, if you can keep up with the maintenance and other tasks associated with owning a rental home.
The good news is that property maintenance is a deductible expense and also helps preserve property value. Read on to find out how implementing a maintenance coordination program helps you benefit most from these aspects.
Why Is Property Maintenance Coordination Important?
Under Florida law, short-term rentals don't require an official property inspection before opening. Property owners must still inspect their rental homes from time to time.
This helps you gauge whether you need to attend to property damage and is a vital part of your maintenance program.
When you set up a maintenance coordination program, you can more easily incorporate preventive maintenance into your property inspection roster. Distributing tasks evenly over time also helps you with your vacation rental budgeting forecasts for the year.
Setting up a Maintenance Schedule and Checklist
Keeping your investment property in good shape is a mammoth task, especially when you don't have a plan. You can start by making a list of all the routine and seasonal maintenance tasks associated with your home.
Allocate each of these duties to a space on your annual calendar. There's not much you can do about unforeseen repairs, but regular property maintenance reduces the chances of breakages and failures.
Create a checklist to use during your inspections. This helps you detect small issues early and prevent them from becoming expensive repairs.
Your checklist should include broad topics as well as more detailed ones. For instance, the item "checking for leaks" should include a list of the fixtures to inspect.
Some tasks can form part of your routine property inspections. These include:
- Checking fire safety equipment
- Checking the batteries on the carbon monoxide detectors
- Testing the smoke detectors
- Replacing HVAC filters
Other aspects, like roof inspections, HVAC maintenance, and landscaping, require professional expertise.
Create a List of Pre-Approved Vendors
Setting up arrangements with local contractors to help you with home maintenance is the next step.
Maintaining good relationships with reliable vendors means you get the help you need faster. This is especially important in emergencies.
Some contractors offer annual inspections and maintenance plans to help homeowners stay on top of things. These innovations can save you money in the long run and help you avoid unnecessary repairs.
Hire a Property Manager in Lakewood Ranch, Florida
Gulf Coast Property Management has over a decade of experience assisting customers with their Lakewood Ranch, FL, investment properties. We offer a full range of services, including marketing, property maintenance, and inspections.
When you work with us, you don't need to give your rental property maintenance a second thought; we'll take care of it all. Get control of your maintenance coordination tasks today with Gulf Coast Property Management.
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