Managing Your Rental Property: Walking the Walk

It’s a little bit harder than Monopoly.

The Most Common Maintenance and Repairs you can expect from your Rental Property:

• Fridge/Stove/Dishwasher not working
• Minor repairs may be fixed by the landlord themselves
• Larger repairs will require a qualified appliance repair person
• Between $50 and $100 per hour and can be handled in an hour
• Water Leak in Ceiling or Under Windows
• Can destroy wood, flooring, drywall, or any other surface on your property
• Moisture can cause mold to grow
• Could require a plumber or a roofing contractor
• Be sure to verify whether your property was water supply lines
• Water Leaf Under Sink
• Can be because of
• the supply line -> the pipe that brings water to the sink
• Or the drain -> from sink to sewer
• Drainpipe not fitting together properly
• Can fix yourself or hire a plumber
• Water Drip From Faucets
• This can cost you $100s per year in hydro
• The faucet may need to be replaced; don’t cheap out on the plastic one because it’ll come back at you in the long-term anyways
• A plumber or fixed by you
• No Hot Water
• Problem with the hot water heater
• If replaced -> about $500–1000 cost
• Can also be the heating element within the heater -> hire a plumber or replace yourself by buying separately
• Bugs and pest control
• Educate your tenants on proper hygiene practices to ensure that bugs never become a problem
• Pest control specialist
• Garbage Disposals
• It’s very common for garbage disposals to break
• Because tenants put down things that they shouldn’t be putting down
• So consider removing the garbage disposal from your properties entirely to remove the hassle
• Might just be stuck and requires an Allen wrench to fix it