4 Tips to save money as a property manager
1. Pressure Wash your property!
Clean, well kept communities speak volumes about the residential value of your property. Like cleaning your room, you often don't realize how badly you need it until after you do it. A small upfront cost will pay dividends for you in the long run by keeping tenants happy and attracting new ones, allowing you to keep up with rising real estate values by raising rental rates when necessary. We will beat all competitor prices by at least 10%, contact us for a free estimate today!
2. Set limits on your thermostat
Given the unpredictable weather conditions in Miami, small adjustments can go a long way. Far more energy is required to switch between heating and cooling than to keep a steady temperature. On warm winter days, it is far more profitable to turn off your heater, rather than switching to cooling. This allows your body, rather than your bank account, to take the hit. Research suggests that you can save up to 10% on your energy bill by maintaining strict rules for your thermostat.
3. test smoke detectors monthly
Preventative maintenance, although unpopular, can save you scores in the long run. Do not rely on your tenants; taking personal responsibility for their safety will not only save them money, but may also save their lives. Research suggests that properly working smoke detectors can reduce fire fatalities by up to 30%. This number may seem small, but how would you like to lose just 30% of your loved ones?
4. flush your water heater
Dirty water heaters cause more problems than you think. It costs a lot more to fix a broken water heater than it does to maintain one. All you have to do is pour out the dirty water and replace it with clean water, and you only have to do this once a year. Remember, an ounce of prevention is worth a pound of cure.