Duct Tape

As a landlord or property manager, the last thing you want to hear from a resident is that something in your investment property isn't working right. Whether it be plumbing, electrical, HVAC or any other material function of the property, repairs are rarely cheap. The investor in you always wants to come up with the cheapest option possible to repair the issue, but is that really the best option? I used to represent an owner who would only send a handyman for repairs, regardless of the issue. He would always say "Just throw a little duct tape on it and it'll be good as new". The problem is, you can only have so much duct tape keeping a place together until you have major problems. He would then get angry when the problem (predictably) reared its ugly head again a few months later. This owner wasn't looking at the whole picture when it came to his investment property or finances; only choosing to look at his monthly proceeds check(s). Having maintenance items repaired by a competent and qualified repairman can make all the difference in the world. This applies not only in the long-term maintenance of the property itself, but also to your cash flow on the property. Well maintained properties attract good tenants, stay rented longer and stay trouble free longer.