Property Management: Tips on owning a second property

6/3/2019 (Permalink)

Simple tips and tricks can help you keep your second property in top shape!

Investing in multiple properties for long term leases or short term rentals is a great way to pull in some extra income.  Unfortunately, rowdy tenants can create more than superficial issues.  Here are tips to keep your rental home top notch. 

Family Groups Only 

If you work in short term rentals, thoroughly vetting who you rent your property to can make a load of difference.  Renting only to family groups can help prevent unnecessary home damage.    

Instructions for Chimney Use 

Operating a fire place can be fairly simply, but every fireplace is different.  Leave clear instructions for you guests on how to operate your individual fireplace.  Make sure to get your chimney cleaned annually, at least.  Rented homes get used and they get used a lot. The amount of soot that your fireplace can accrue on your rented home can be double or triple what you would use in your private home. The last thing you want is a fire brewing in your chimney.  

Winterizing your property appropriately 

If you have invested in a summer home that’s in an area with cold winters, you will need to winterize your home.  If you don’t winterize your home you are at risk for major water damage from burst frozen pipes.  Even worse, since the home is not occupied for a long period of time that water damage could turn into other issues such as intense mold breeding.  Make sure to drain your pipes and set your home at an appropriate temperature (50-55 degrees).   

Unfortunately, we know you can’t predict what every guest will do.  That’s why we are here. From cleaning up from dirty guests to remediating major water damage.  We will make your rental property “Like it never even happened.”