Brought to you by EBM
Summer is here and with it arrives the need for some seasonal maintenance.
Summer – the time when water can become both your friend and foe. Despite its challenges, this time of year is a great opportunity to get a jump on investment property repairs and maintenance, before the hot and wet weather arrives.
As a Landlord or Property Manager, it’s a good idea to arrange a seasonal inspection to identify any issues, and call in the necessary trades to undertake some preventative maintenance.
Here are eight areas you may want to focus on this summer:
1. Gutters and drains
If left untended, leaves and other debris can quickly clog gutters, downpipes and drains, increasing the risk of leaks and flooding. Have your gutters cleaned and make any necessary repairs to ensure they are watertight.
A leaking roof can quickly worsen and lead to expensive repair bills. Have a professional to check the roof for broken or cracked tiles, disintegrated ridge capping, loose tiles or roof sheets, or rusted joins.
Air-conditioners get quite the workout over summer, so it’s a good idea to have them serviced at least once a year. A professional will check all the components, safety devices and thermostats. If the unit is reverse cycle, early autumn is the ideal time for maintenance, before the need for heating kicks in.
4. Gas appliances
Faulty gas appliances pose a real risk for home occupants. Make sure gas stoves and heaters are serviced regularly by a licensed professional.
5. Hot water system
Call in a plumber to check the health of the hot water system. Even in summer, no hot water will mean unhappy tenants.
6. Smoke alarms
Make sure smoke alarms and any supplied fire extinguishers are in working order. If the property has a fireplace, call in a chimney sweep to ensure proper ventilation.
7. Fly screens
Over time, window screens become torn. To prevent bugs from coming into your rental units, patch or replace ripped screens.
A build-up of condensation can lead to mould, warped doors and window frames, peeling paintwork, and bubbling wallpaper. Make sure exhaust fans are clean and in good working condition to prevent dust accumulating.
A little maintenance can prolong the life of the property, and expensive facilities like heating and cooling keep tenants content. Not to mention, maintaining the premises will help to ensure that you comply with the requirements of your insurance policy.
To find out how to take advantage of your partner reward with EBM, please visit the myProsperity portal.
Article supplied by EBM.
Advice about insurance is provided for your general information and does not take into account your individual needs. You should read the Product Disclosure Statement and Policy Wording prior to making a decision, these can be obtained directly from EBM.
Standard home and contents insurance will not protect against many of the risks that landlords face. Whether it be loss of rent due to an absconding tenant, malicious or accidental damage, or a whole range of other circumstances including tenant hardship, the RentCover range of policies provide peace-of-mind for property owners knowing they are well protected by landlord insurance and has done so for over 25 years.
For more information, or to quote or apply online please visit www.rentcover.com.au