Having a plunger in your rental properties is a good start.
However, those successful in the real estate investing community know that having a qualified plumber on hand who can take care of everything from water leaks to faucet replacements and maintenance emergencies is better than gold.
A skilled and trusted plumber can be a lifesaver for an investment property owner. A plumber can save you money and the possibility of extensive damage, creating health and safety issues for your property.
Water damage is no joke. So in today's blog, we'll look at the qualities every property owner should look for in a plumber and how property investors can take care of plumbing issues to get the job done right. We'll also dive into how property owners can easily manage all maintenance issues with a tiny change to their management strategy.
While some maintenance emergencies can be a one-off fix, plumbing issues are unique in that they can lead to extensive and persistent damage. As a result, it's tempting to consider some of these problems as DIY when the damage arises.
Still, having a qualified plumber who is registered and experienced on hand can save both time and money long after the work is completed.
Some common problems that lead from water issues include:
Finally, finding a last-minute plumber, especially during an emergency, can be a rushed process leading to the contracting of poor workpeople, exorbitant rates, and dodgy practices. It's a standard procedure for emergency plumbers to charge more for emergency calls than their regular rate (especially those in the middle of the night).
Finding a good plumber means more than simply having a tradesperson on call to deal with emergencies as they arise (although this is great). Because of this, let's look at some of the benefits of having a dependable plumber as a real estate investor.
Every property investor's worst nightmare is getting a call about a flooded kitchen or basement in the middle of the night. Quality plumbers know that if left for too long, issues like flooding can compound, leading to massive costs such as replacing floorboards.
Therefore, a quality plumber will be incredibly time-sensitive and understand the importance of rapid action.
You became a rental property investor to make money from your assets. Therefore, whether you're flipping a property or thinking about renovating, the wet areas are some of the most important for potential renters. Even minor upgrades to the bathroom area can add considerable value to the overall valuation.
Therefore, your plumber should be able to assist with bathroom and kitchen projects. Your bathroom can look like a million bucks, but if the water is not running or the pressure is not correct, you will have difficulty keeping residents.
There's nothing more frustrating than realizing you could have paid a fraction of the cost of a complete overhaul due to a minor issue that could have been discovered during a maintenance check.
As the old medical saying goes, "prevention is the best cure." Therefore, a good plumber should not only be available for emergencies but undertake routine checks such as flushing water heaters on your rental property.
One of the key benefits of having a trusted plumber with whom you maintain a relationship is that they will feel confident sharing insider tips and insights.
As a self-managing property owner, you should know what to do when a pipe bursts or if renters destroy bathroom fixtures or toilets. Because of this, one of the best sources of clear and actionable advice is your trusted plumber.
As a final point, plumbing emergencies pop up from time to time. Therefore, having a 'plumbing action plan' with steps to initiate regarding common issues can save time and effort.
In addition, you can share this plan with your residents. Hence, they can help you deal with maintenance emergencies as they arise. For example, the residents of your property should be capable of turning off the water at the source if there's a leak.
A possible approach could be to network within the market to find trustworthy plumbers through referrals and online reviews. However, this can be time-consuming and intensive. In addition, by the end, you may not even be guaranteed quality service. Delaying plumbing repairs or wasting time tracking down last-minute fixers can lead to income loss and even unsafe conditions in your investment property.
One of the easiest ways to track down a reputable plumber is through professional property management services.
For example, CHARLESGATE works with rental property owners to connect them with high-quality contractors such as plumbers and comprehensive maintenance services to keep rental properties in tip-top shape.
A location-specific service, like the best property management Wilmington offers, has an added bonus in that they can connect property owners with different maintenance providers in the case of extensive damage covering several necessities.
For example, water damage can commonly lead to electrical damage. A local property manager has the right contacts in place to protect both.
As a rental property owner, protecting your asset and ensuring your residents are cared for, and safe in your property is a top priority. Due to this, maintaining a solid connection with a qualified plumber who can deal with plumbing issues quickly and efficiently is paramount.
If you want to take the stress and hassle out of locking down a trustworthy plumber, then CHARLESGATE can help. With years of experience in the industry and long-term relationships with highly vetted tradespeople on our books, we're ready to help you with your plumbing or any property management needs.
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