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How Do I Handle Repair Work in my Cleveland Rental Property? Property Management Maintenance

 

 

Maintenance is inevitable for landlords and investors. If you own rental property, you will have maintenance costs. This could be the routine day to day maintenance that is required, capital improvements that are planned and budgeted, suite turns between tenants, or even violations that are assessed by the city, or a government subsidy program. Handling maintenance expertly and efficiently will keep your costs low and ensure you have a good rental experience.

Create a List of Great Contractors

To handle maintenance effectively at your rental property, you need access to a good contractor, and a reliable maintenance team. You’re looking for someone who will get the job done in a timely manner, provide high quality work, and get along with your tenants. You also want your contractors and vendors to be cost effective. If you’re self-managing, there are lots of sources to find exceptional contractors. Just be careful about what you’re paying, because without a large volume of work that you can offer these professionals, you will likely need to pay retail prices.

In-House Maintenance Teams vs. Outside Contractors

RemaxProfessional property management companies take two different approaches to maintenance. Some companies maintain an in-house team that takes care of any repairs or maintenance. Others use outside vendors for specific projects. At Re/Max Haven Realty, we take a hybrid approach because we believe it best serves our owners and investors.  We have some talented in-house maintenance personnel who can handle a lot of the day to day repairs quickly and affordably. They know our tenants and they do excellent work. Depending on the project, we may contact outside vendors. This allows us to take care of larger repairs that require a professional license, insurance, and experience. They might cost a little more, but when you work with a management company, they usually have pre-negotiated rates at a discount, and those savings are passed along to you.

If you’d like to talk more about maintenance and what you need to do, please contact us at Re/Max Haven Realty. Happy investing.

 

 

Why Work with Re/Max Haven Realty

 

At Re/Max Haven Realty and Property Management, we are a management company serving the Cleveland and Akron, Ohio rental markets. With all the options you have for choosing a professional property manager, we want to talk to you about why you should work with our company. We were founded in 2010, and we have grown quickly by adhering to some key principles that benefit our property owners and investors.

Read more: Why Work with Re/Max Haven Realty

Turnkey Investing

Invest with NO active management required

Out of state? International? No problem with our streamlined process.

Targeting a property --> Negotiating terms -- > Closing/acquisition -- > Insurance, utilities, city registration -- > Rehab -- > Inspections -- > Tenant placement -- > Management

Cap rate 10-18%+, Cash on Cash return 15-40%+

Receive a video of the property before you close

Read more: Turnkey Investing

Acquisitions and Dispositions

We got our start selling properties to local and foreign investors. Hundreds of sales later, we are well positioned to assist you in finding the right property or to liquidate all or a portion of your portfolio. We have a team of licensed brokers and agents to make your transaction simple and easy.

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Fair Housing 5386 Majestic Parkway Ste 10, Bedford Heights OH 44146   |  info@rentcle.com  |   Office: 216-586-2489 |  Fax: (877) 926-2901