The Dangers of Deferred Maintenance
One thing I have learned, rentals are always in need of
maintenance. It can often feel like just as you’re finishing up one home
improvement project, something else needs your attention. It can be easy to
push home maintenance to the bottom of your To-Do list and call it deferred
maintenance, but this often ends in disaster.
Deferred maintenance is common. Like waiting for an
appliance in the home to become inoperable before replacing it
with a new one. It may seem more cost-effective than regular, preventative
maintenance but it’s not. Here’s why:
Health and Safety
One of the biggest dangers of deferred maintenance is the
impact on health and safety. A wobbly ceiling fan, unbalanced steps, weak
flooring, and faulty electrical systems can put tenants at high risk for
injury. Ignoring these small problems increases the chance that somebody will
get hurt on the property. If there is any evidence that a system or appliance
in the home could be a danger to the tenants, these issues must be addressed
right away.
Compliance Standards
If you ever find yourself in the situation where your
property is undergoing a compliance inspection, one of your first thoughts
might be “I wish I fixed XYZ when I had the chance.” If your rental property
does not meet compliance regulations, you could be faced with thousands of
dollars in fines. It’s just not worth it. Preventative maintenance allows you
to walk into a compliance inspection with confidence.
Some of the most common rental property violations rental that are often picked up upon inspection include:
Missing or broken smoke detectorsLeaking pipes/faulty plumbingInsufficient ventilationElectrical problemsInadequate weatherproofingEvidence bug/pest infestation
While you’re waiting for an appliance or system to completely break down, it will become increasingly more inefficient. This means your tenants will be working with appliances and systems that aren’t working at their best. This leads to frustration and inconvenience for the tenant, which eventually gets passed down to the landlord or property manager. Requiring your tenants to live with subpar appliances or equipment is not a landlord’s best practice. And when the appliance does finally breakdown, emergency maintenance and repairs are so much more expensive than preventive maintenance. Your tenants will expect a quick response for their broken refrigerator or washing machine. This will end up costing you a lot more than simply fixing a part.
Small Issues Cause Chain Reactions
It may seem like a faulty light switch or slowly leaking
pipe is just a small problem that can wait to be fixed. But these small issues
often cause chain reactions, sometimes reading to complete system failures. The
amount of time and money it would take to call an electrician or a plumber to
fix these small issues is nothing compared to trying to repair an entire home
system in a short amount of time. Small issues are often signs of bigger, but
not so obvious issues. What may seem like a small leak could be evidence of a
deeper-rooted problem, such as a roof leak or mold growth. Preventive
maintenance helps track these issues back to the source so they can be fixed
before they become a dangerous and costly problem.
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