fbpx

How can investors minimize maintenance costs on properties?

Whether you’re a first-time landlord or an experienced one, understanding how to manage properties the right way is crucial for success. Especially in the case of rental property where one of your major objectives is to establish a consistent flow of income from your property investment. One particular facet that will impact your profitability and chances for success is how you handle maintenance.

 

As a rental property owner, property maintenance can easily become a problem if you don’t have a plan or system in place to proactively manage it. One thing is for sure, you’re going to have different tenants moving in and out with each individual having their own maintenance needs and issues. Expectedly, these maintenance issues tend to increase with the number of tenants involved and the number of properties that you own.

 

Note that maintenance management goes well beyond just fixing things when they break. Therefore, we strongly advise you to get a comprehensive property inspection done, to mitigate risk.

 

Luckily, SA Property Investors Network has teamed up with the best partners in the industry to meet investors ’needs on their property journey. If you would like to get a property inspector before you sign the offer to purchase, you can reach out to our SAPIN Partner, Marisia Robus, who is an expert property inspector as well as an ITC Certified Roof Inspector, with 12 years of construction experience.

 

Investors can reach Marisia, who travels across South Africa to inspect properties, through our SAPIN portal at https://joinsapin.com/gpi

 

TAKE NOTE: A home inspection can reveal whether you should go ahead with the offer to purchase and is a useful negotiation tool if there are defects. It is your responsibility to understand as many details as you can about the property from the beginning.

 

Below are some of the things that you should inspect:

• Water leaks

• Cracks

• Damp

• Stormwater drains

• Paintwork

• Sewer drainage

• Roofs & Gutters

• Electrical works

• Cornices

• General overall appearance

• Doors & Windows

 

These elements are crucial to managing your property effectively, as they say, prevention is better than cure. Get in touch with Marisia at

www.joinsapin.com/gpi to avoid costly maintenance issues.

 

At SA Property Investors Network, we understand that it is not easy to keep on top of maintenance and administration of your property portfolio. This process can be overwhelming and the reality is, not everyone has the capacity to oversee management activities. If that is the case, don’t worry! Our partner, Preferental helps landlords manage properties with less hassle.

 

Preferental, is a digital platform that assists landlords with managing their properties at a fraction of the price they would usually pay. Furthermore, landlords get access to the support, tools, and efficiencies they need to manage their portfolio while saving time and knowing their rental income is guaranteed.

You can expect the following services during the vetting process:

• Bank AVS Checks

• Credit Bureau Integrations

• Risk

• Payment history

• Judgements

• Negative information

• Reference Checks

• Affordability and Employment

• Flag Fraudulent Applications

 

Preferental stays ahead of the curve to make sure property owners enjoy the benefits of having full control over their investment. So why don’t you manage your portfolio and let them take care of the details! Connect today at https://joinsapin.com/preferental

 

You have taken the big step of becoming a property investor and you have bigger projects planned for the future. Tile Africa have everything you need for your floors, walls, bathrooms, kitchens, tools, DIY and décor advice.

 

There is nothing greater than having stylish tiles and sleek living spaces at an affordable price. SA Property Investors Network is proud to have partnered with a brand that produces nothing but the best. When you are a SAPIN member you can get up to 10% discount on your purchases. If this sounds like music to your ears, get a SAPIN membership today to enjoy these benefits at: https://joinsapin.com/membership

 

MEMBERSHIP DISCOUNTS:

• FREE Members = 5%

• Foundation Members = 5% + VIP Store Service

• Intermediate = 7.5% + VIP Store Service

• Professional = 10% + VIP Store Service

 

As a SAPIN member, contact Tile Africa directly at www.joinsapin.com/tile-africa to access your discounts.

 

Final thoughts

The importance of maintenance for your rental property cannot be overemphasized. As a landlord, you need to be working with an experienced property management company if you want to be able to save property maintenance costs. Applying these strategies will help you to reduce your costs and increase your profits. That being said, without proper planning and smart decisions, property maintenance expenses can quickly get out of hand.

 

Quick one, have you joined as a SAPIN member? Property is a lonely journey when you do it alone, that’s why we recommend that you sign up as a member today at https://joinsapin.com/membership. Members get continuous support from fellow investors and expert coaches, valuable property education and a network of services to streamline your property investment journey.

 

So, what are you waiting for? Join a community of serious property investors today. Our membership programs allow you to gather knowledge while networking with and learning from those who have tried and tested various strategies and approaches.

 

Become a member today https://joinsapin.com/membership

 

Why should you become a member?

• Gain valuable market insights

• Access the latest and greatest in tools and tech

• Network with like-minded investors

• Connect with key players and quality service providers

 

Nobody said property investment is easy but it’s easier when you work with a network and when you have the right knowledge and skills that you can use to leverage your property journey. Now it’s about you taking action to take your investment journey to the next level.

We Teach. We Enable. We Grow

Scroll to Top