Maintenance

A lot of my landlord cronies have learned this lesson the hard way. The hard way is the expensive way…always! Deferring maintenance until your tenants are falling through the rotting bathroom floor or the iron railing pulls loose from the concrete steps is not only dangerous – it’s monumentally stupid on the part of the landlord. First, why would you ever let a property fall into such disrepair and expect your tenants to respect you as a businessman and property owner – this is a business and the property is your asset. Second, don’t think that your insurance is going to cover the repair bill for issues that result from shoddy maintenance. Third, don’t think that security deposits will make you “whole” – security deposits are NOT for general maintenance. Fourth, quality tenants don’t want to live in a poorly maintained unit – quality property begets quality tenants. Fifth, don’t expect sympathy from the judge.

Be a smart, responsible businessperson…take care of your clients and your business!