Owning rentals means more than collecting rent. It’s essential to protect your investment so that it continues to generate revenue. Here are five repairs that seem minor but quickly become major, costly problems.
 

 

A slow drip is easy to overlook, but even a minor leak is problematic. First, it wastes a precious resource - clean water. Additionally, it has the potential to cause hidden water damage, damage cabinets, and create an ideal environment for mold.

Neglecting small plumbing issues can irritate tenants and lead to higher utility bills. As you review your maintenance checklist, don't let these issues linger, as they could risk losing good renters.
 

Damaged flooring is hazardous. Cracked tiles, peeling vinyl, or loose floorboards may lead to trips and falls,  potentially creating a liability for property owners.

When showing your available space to potential renters, a unit with damaged flooring can negatively impact its marketability.
 

If you own older buildings in Cleveland, old or poor caulking and sealant around tubs, sinks, or windows can allow water to enter places it doesn’t belong. Left unchecked, that leads to mold, mildew, warped floors, and expensive damage behind the scenes.

Quick fixes, such as fresh caulk, can make a significant difference. Don’t wait; unresolved moisture issues can increase repair costs and, in some cases, potentially impact other connected units.
 

Faulty outlets or an outdated electrical system create safety hazards. Flickering lights or dead switches signal more significant problems and potential code violations.

Staying proactive with electrical maintenance, especially in older properties, helps protect the underlying asset, tenants, and your business interests.
 

Problems with heating and cooling upset renters for understandable reasons. Staying on top of maintenance helps you avoid the risk of a breakdown during heat waves and cold snaps.

It’s among the most effective approaches to avoid the need for emergency service calls, uncomfortable tenants, and withheld rent.

Scheduling maintenance before extreme weather arrives ensures your HVAC system runs smoothly and your renters remain comfortable. As with the previous repairs, being proactive helps avert emergencies and maintain stronger relationships and trust with tenants.
 

Good tenants take notice when the place they call home is well-maintained. And bad tenants? They notice when it isn’t. Either way, staying on top of these repairs helps prevent turnover, complaints, and late-night calls.

And when you are facing issues, having a partner who can help when problems arise helps you keep everything running smoothly. At RMRNEO, we work with landlords across Greater Cleveland, handling everything from minor repairs to complete unit renovations.

Protect your investment now! Submit your work order today. Let us handle your ongoing maintenance needs and necessary repairs promptly, so you can keep great tenants and avoid costly problems. Act today for lasting peace of mind!