Smart Fort Worth real estate investors understand that the longer they hold onto their rental properties, the more money they stand to earn.
When you invest for the long term, you have to prepare to maintain that property over time. Protect the condition of your rental home and increase its value with preventative maintenance and immediate responses to routine repairs.
Here’s how we do it as professional property managers serving Fort Worth, Keller, Saginaw, Weatherford, and Hurst.
Start With the Foundation, Floors, and Walls
In Texas, foundations can be an issue with properties, thanks to the humidity, the heat, and the intense weather that can sweep through the area in both the winter and the summer. Keeping your foundation from cracking is important to the longevity and profitability of your investment. Have an expert inspect and service your foundation regularly.
Floors and walls keep your property standing. You need to make sure they’ll be in good shape for the next 10 or 20 years – maybe even longer. With walls, always pay attention to paint quality. You’ll likely do a lot of repainting over the years, especially during tenant turnovers. Invest in paint that’s going to stand up to tenants, pets, and weather. Don’t cut corners to save a few dollars. Always invest in durable and reliable paint and wall coverings.
When we talk about maintaining floors for the long term, you have to have a reliable starting point. We like hard surface flooring, not only because they help us rent homes faster and to better tenants, but also because they’re easier to maintain. Laminate, tile, and even hardwoods are good investments, especially for the long term. It saves you money because you don’t have to clean and replace carpet every time one tenant moves out and another moves in.
Heating, Cooling and Ventilation in Fort Worth Rental Homes
The air conditioning will be used for much of the year in a Fort Worth rental property. Sometimes, cold winter days and nights will require heat. You need to make sure your property can reliably provide both.
If you’re keeping a property for more than 15 or 20 years, you will eventually have to replace the HVAC unit and all of its parts. But, you can extend the lifespan of what you have in place by doing some preventative and seasonal maintenance.
Have a licensed technician inspect your system and make sure it’s working properly. This attention once or twice a year will also extend the life of your furnace and your air conditioning unit. The heating and cooling of your property will be more efficient. Your tenants will appreciate it too, as it will improve their air quality inside the home and keep their energy costs down.
Put Together a Network of Vendors
Vendors are an important part of your long term maintenance plans.
Put together a superb list of professional vendors who know you, know your property, and understand the urgency of your repair needs. Look for professionals who are licensed and insured, and willing to offer competitive rates in exchange for your loyalty as a customer.
Fort Worth property managers often have the best vendor relationships. If you’d like some help maintaining your investment property now and over time, we have some great resources for you. Contact our team at Trend Property & Management.