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My Rent Source Top Ten Tips for Tenants

mrs_tips1. Bring your paperwork:

The best way to win over a prospective landlord is to be prepared. To get a competitive edge over other applicants, bring the following when you meet the landlord: a completed rental application; written references from landlords, employers, and colleagues; and a current copy of your credit report.

2. Review the lease:
Carefully review all of the conditions of the tenancy before you sign on the dotted line. Your lease or rental agreement may contain a provision that you find unacceptable — for example, restrictions on guests, pets, design alterations, or running a home business. For help reviewing your lease or rental agreement, see Signing a Lease or Rental Agreement FAQ.

3. Get everything in writing:
To avoid disputes or misunderstandings with your landlord, get everything in writing. Keep copies of any correspondence and follow up an oral agreement with a letter, setting out your understandings. For example, if you ask your landlord to make repairs, put your request in writing and keep a copy for yourself. If the landlord agrees orally, send a letter confirming this.

4. Protect your privacy rights:
Next to disputes over rent or security deposits, one of the most common and emotion-filled misunderstandings arises over the tension between a landlord’s right to enter a rental unit and a tenant’s right to be left alone. If you understand your privacy rights (for example, the amount of notice your landlord must provide before entering), it will be easier to protect them. For more information, see Tenants’ Rights to Privacy and Repairs FAQ.

5. Demand repairs:
Know your rights to live in a habitable rental unit — and don’t give them up. The vast majority of landlords are required to offer their tenants livable premises, including adequate weatherproofing; heat, water, and electricity; and clean, sanitary, and structurally safe premises. If your rental unit is not kept in good repair, you have a number of options, ranging from withholding a portion of the rent, to paying for repairs and deducting the cost from your rent, to calling the building inspector (who may order the landlord to make repairs), to moving out without liability for your future rent. For more information, see the article Renters’ Rights to Minor Repairs.

6. Talk to your landlord:
Keep communication open with your landlord. If there’s a problem — for example, if the landlord is slow to make repairs — talk it over to see if the issue can be resolved short of a nasty legal battle. Resolving Landlord-Tenant Disputes FAQ provides some advice.

7. Purchase renters’ insurance:
Your landlord’s insurance policy will not cover your losses due to theft or damage. Renters’ insurance also covers you if you’re sued by someone who claims to have been injured in your rental due to your carelessness. Renters’ insurance typically costs $350 a year for a $50,000 policy that covers loss due to theft or damage caused by other people or natural disasters; if you don’t need that much coverage, there are cheaper policies. For more information about renters’ insurance, see the article Renters: Protect Yourself From Crime.

8. Protect your security deposit:
To protect yourself and avoid any misunderstandings, make sure your lease or rental agreement is clear on the use and refund of security deposits, including allowable deductions. When you move in, do a walk-through with the landlord to record existing damage to the premises on a move-in statement or checklist. For more information, see the article Protect Your Security Deposit When You Move In.

9. Protect your safety:
Learn whether your building and neighborhood are safe, and what you can expect your landlord to do about it if they aren’t. Get copies of any state or local laws that require safety devices such as deadbolts and window locks, check out the property’s vulnerability to intrusion by a criminal, and learn whether criminal incidents have already occurred on the property or nearby. If a crime is highly likely, your landlord may be obligated to take some steps to protect you. For more information on this subject, see the article Renters: Protect Yourself From Crime.

10. Deal with an eviction properly:
Know when to fight an eviction notice — and when to move. If you feel the landlord is clearly is the wrong (for example, you haven’t received proper notice, the premises are uninhabitable), you may want to fight the eviction. But unless you have the law and provable facts on your side, fighting an eviction notice can be short-sighted. If you lose an eviction lawsuit, you may end up hundreds (even thousands) of dollars in debt, which will damage your credit rating and your ability to easily rent from future landlords. For more information on eviction, see the Renters’ & Tenants’ Rights area of Nolo’s website.

by: Marcia Stewart

7 Tips to Prevent Mold Growth!

mrs_moldMolds grow on organic materials such as paper, leather, dirt and soap scum. They grow best at warm, moist temperatures, between 72 to 81 degrees Fahrenheit. The simplest way to detect a mold problem is using your own senses. A musty odor is one indication. Not only is mold smelly, but can be many different colors from black and gray to orange and green. Watermarks on the ceiling and walls are also a telltale sign. Most often bleach and water can be used to rid the house of mold. The problem is this does not guarantee that the mold will not come back. The only way to keep your house clean is to prevent mold from occurring.

 

Wet materials need to be dried quickly:
Mold will grow within 2 days given the right conditions. Leaving your wet towel or other item lying around inside or outside the house gives mold a chance. Ever left your laundry in the washer for too long? The nasty smell when you pull it out is mold.

Cleaning, disinfecting and drying surfaces prevents mold growth:
Surfaces like sinks or floors are also favorite places for mold; more so if they are wet most of the time. Luckily these are typically non porous surfaces (tile, stone, laminate…) which makes them ideal for disinfectants and other cleaners. Some people consider the strongest and safest method of disinfecting to be a vapor steam cleaner. Once finished cleaning, make sure no moisture remains. Mold can grow faster than you think. Making sure your surfaces are dry prevents other hazards for the residents living there too.

Reduce moisture levels in the bathroom by running an exhaust fan during and after showers:
Your foggy mirror isn’t the worst problem you’ll have if you don’t use the fan during your shower. The moisture in the air is getting into every nook and cranny, the kind of places that are very hard to clean, even if you do notice the mold growing there. Exhaust fans help minimize the moisture level in the bathroom as well as the possibility of growing mold.

Fix plumbing leaks and seepage to prevent the buildup of moisture and prevent the growth of mold:
Leaks are caused by pipes that have disintegrated already. It is important to replace old pipes as soon as they show signs of being dilapidated. The moisture from a leaky pipe will travel much further than just the visible signs. No matter how much you try to keep the house clean, there are still areas that you are neglecting or can’t get to. Those are the places mold loves to grow.

Store clothing, camping gear, and other occasional use items dry and clean to prevent the growth of mold:
Thoroughly dry your items before putting them into storage. Try to put them outside or in places where there is air circulating. The last thing you want to find out on a camping trip is that your tent was put away wet last time and is covered in mold.

Increase the flow of air within your home:
Moving furniture away from walls and opening closet doors to permit air circulation limits the growth of molds. Confined spaces and dark areas should be kept ventilated. There should be a stable availability of fresh air coming inside the house to prevent mold.

Deal with your basement!, and prevent condensation:
Lets face it, no one likes going down to the musty basement. You just need to man (or woman) up and deal with it. Whether that means running a dehumidifier, installing a foundation drain, or getting more air circulation, don’t let that moisture remain trapped under you home. Insulating walls and installing storm or thermal pane windows keeps walls warm and limits condensation.

Contact My Rent Source Rental Property Management for more information – www.myrentsource.com

by unknown 2015

So, You’ve Decided You Want to be a Landlord.

My Rent Source Atlanta Georgia Landlords RentersThere is much more to becoming a landlord than simply collecting rent every month. First and foremost, make sure you have responsible and reliable tenants in your properties. The best way to go about this is to start with a background and credit check.

After you’ve found tenants, it is best to come up with comprehensive lease agreement. In this agreement, make sure to be very clear on all rules. For example, if you want a maximum of 4 people to live in the home, it needs to be explicitly stated. Later, if your tenants have allowed friends to move in, you have the option to take them to court and have them evicted for breaking their lease agreement.

The lease should also include specifics such as the security deposit, monthly rent and due date. Be sure to include particulars on penalties for late payments. Also, it helps to be very specific about what is considered normal “wear and tear” by tenants to avoid misunderstandings at the end of the lease.

Some of the associated costs a landlord must factor in are:

  1. Home owners association (HOA) fees – these can range anywhere from 20.00-300.00 per month depending on the community your rental property is located.
  2. Insurance – depending on the type of property it is (home, apartment, duplex or townhouse) there may be special insurance needed to suit the property type.
  3. Property taxes – your county tax assessor’s office will have will have the exact amount of property taxes previously paid and this will help determine your budget.
  4. Landscaping – most of the time you will be responsible for this. You can make an agreement with the tenant to make them responsible. Be sure they comply with neighborhood standards and keep up on it to avoid complaints.
  5. Pest Control –you will mostly be responsible for this service which in Georgia tends to be a necessity. Factor twice yearly costs for pest control, though we recommend exterminating monthly if possible.

As a landlord you are responsible for providing any repairs or upgrades to the property. Some repairs can cost up to 10% of the monthly rent. Appliances don’t work forever. You will need to have funds set aside just for repairs and upgrades.

Most all of these issues can be handled by a property management firm, like My Rent Source.  Ask yourself these questions to determine if you would benefit from a company taking care of the dirty work for you. For more information contact us today.

 

4 Ways To Make Your Home More Eco-Friendly

mrs_green houseYour new house might have a pretty big environmental footprint. Buildings, including homes, account for nearly 40 percent of all energy consumed in the U.S., according to the Environmental Protection Agency. Now that you own your home, you can plan remodeling and renovation projects to make your living space more environmentally conscious.

Insulate Your Walls:
Insulate your home and use less energy to heat and cool it. Newer homes tend to come with insulation, but they might benefit from more. Older homes tend to have less insulation. The Department of Energy recommends a home inspection to learn the R-value of the insulation before you add more. R-value is the resistance to heat; the job of insulation is to keep heat on the correct side of the wall (out in summer, in during winter). First check with your local utility company to see if it offers free home inspections for heating efficiency. If not, they might have a list of recommended contractors whom you can pay to inspect your home.

Add Window Treatments:
Window treatments can also help you reduce your heating and cooling costs, while making your home look a bit more stylish. Hang roman blinds or a pair of thick curtains in your windows to block the heat in the summer and keep cold air from seeping in through the windows in winter. Keep the shades or blinds lowered or the curtains drawn in the summer to efficiently reduce heat gain. Drapes with a white backing can reduce heat gain in the summer up to 33 percent, according to the Department of Energy.

Choose Better Materials:
Cabinets made from particle board might be held together with a formaldehyde-based glue, which is a carcinogen and pollutant that contributes to smog and reduces indoor air quality. To reduce your exposure to formaldehyde and other volatile organic compounds, choose cabinets and other materials that are formaldehyde-free. If you use wood cabinets instead of particle board or fiberboard, look for woods that are certified by the Forest Stewardship Council, which means the wood came from a forest that is managed in an environmentally responsible and sustainable way. Other materials, such as flooring and counters, are available in renewable and sustainable sources such as cork and bamboo, as well as recycled rubber and stone.

Dispose of Appliances Properly:
Upgrading the older appliances found in your new home is a simple way to improve your home’s interior and cut the amount of energy it uses. Look for new appliances that have the Energy Star label, because they use around 15 percent less energy than non-labeled appliances. When you get new appliances, don’t just chuck the old model out with the garbage. Find out the proper disposal procedures for your area. Older appliances, such as refrigerators, can contain hazardous materials, including mercury and oil. Some stores will pick up and dispose of old appliances for you, or you might be able to recycle them with your municipality.

Article by Aimee Miller in Greener Properties

11 Questions for Determining if You Need a Property Management Firm

clipboardWhile every investors situation is different, there are certain scenarios and factors that typically pre-dispose owners one way or the other. The following questions are designed to help you determine if you should consider hiring a property manager.

1. How far do you live from your rental property and how frequently can you visit the property on a regular basis?
If you are close you may be able to make the regular visits required for maintenance, inspections, collections, etc., otherwise the further you live the higher your travel time and expenses will be. The larger the distance the more temptation there is to not keep a close eye on things, and that can be a recipe for disaster. You should plan making monthly scheduled visits and there is always the potential for a middle of the night emergency call that requires your immediate attention. In the long run, is this feasible for you?

2. How do you deal with stress? Do you consider yourself to be a tolerant person?
This is a tough one. We all like to think of ourselves as level-headed and even-keeled, but at the end of the day it takes a special kind of person to deal with the ups and downs of property management. Behind the seemingly simple task of collecting rent every month lie a number of unpredictable problems can push people to their limits. Ask yourself how you would react in the unfortunate event that tenants:

Get in fights with other tenants or neighbors
Have domestic disputes
Conduct illegal business in the dwelling
Carry on all night parties and revelry
Try to sneak extra people or animals into the home
Decide to sue you
Trash the property
Incite the wrath of the HOA because of repeated deed restriction violations
Refuse to pay rent because they are a “professional tenant” and know how to work the legal system for the maximum amount of free housing at the owners expense?

3. Are you currently overwhelmed with your property(s)?
Managing rental properties can become quickly overwhelming, even for experienced investors. There is always something going on that requires attention and it takes very little time for things to get out of hand. Hiring a property manager can provide an opportunity to regain control and restore stability to both your properties and possibly life in general.

4. How many rental properties or units do you have?
As your portfolio grows so do the management challenges, and it becomes easier for things to fall through the cracks. Investors with large portfolios stand to reap significant benefit by leveraging the efficiencies a property manager can provide. Size can also constrain investors’ ability to consider purchasing new properties if they’re already maxed out managing their current holdings.

5. How much experience do you have with maintenance and repairs?
If you can’t do it yourself, do you know who to call? Finding reliable handymen and contractors can take a while and in the mean time you may unknowingly hire people that are unethical, uninsured, do poor quality work, over charge etc. Maintenance and repairs are a significant component of land lording and if you question your ability to ensure the work is done well and in a timely manner, you might want to consider hiring a property management company.

6. How quickly are you able to get your unit rented?
Advertising, fielding calls, and showing the unit can take a considerable amount of time, but are critical tasks as vacancies will quickly eat into your profit margins. If you question whether you have the skills or the time to make this happen, OR if you have historically had an unacceptably high vacancy rate, you may want to consider hiring a property management company.

7. Are you capable of handling the accounting and record keeping for your property?
From profit and loss statements to tax deductions, this area needs special attention and becomes an increasingly larger burden for larger portfolios. Some owners (especially those with a back ground in finance) will do just fine, others may opt to hire an accountant to help with the book keeping. If you feel like this might be a weak point you might want to consider hiring a property management company.

8. Are you willing to be on call 24/7/365?
Its important to answer this question honestly, because when an emergency happens at your property you can’t ignore it. Your special event, important meeting, vacation, or personal crisis doesn’t relieve you of your obligation to your tenant. These emergencies don’t happen all the time, but when they do you have to be willing to handle them immediately. Can you handle being called at 2 in the morning to fix someone’s overflowing toilet?

9. Are you willing to confront tenants about late payments and if need be evict them from the property?
Many new owners dislike feeling like the bad guy and try to be understanding by making exceptions. The problem is that this only invites additional abuses and excuses by tenants. Late payments must be dealt with immediately, and while sometimes a friendly reminder is all that’s needed, other times, it can be a very confrontational process ending in eviction. Unlike running a charity, running a successful rental business means enforcing the rules even it means evicting a single mother who lost her job and won’t be able to pay rent anytime soon.

10. How well do you understand the laws governing land lording?
Ensuring the property is run in accordance with the law is critical in both preventing lawsuits and shielding yourself from liability if you are sued. Familiarity with contracts is also very important as your rental agreement is the only binding agreement between you and the tenant.

11. From a financial standpoint, is managing your property the best use of your time?
Ultimately, your decision to hire or not hire a management company should hinge on whether or not it is a good fit with your lifestyle and makes sense financially. Individual investors will have to assess the opportunity cost of both options based on their unique circumstances.

Article by Jordan Muela

My Rent Source Property Management is moving to a new location

movingNewnan – My Rent Source Property Management is expanding again. Because of continued client support and referral business, the business has seen more than 50 percent increase in clients and a 60 percent increase in employees over a three-year period. In a recent meeting, Steven Kubon, the owner and broker for My Rent Source Property Management announced “our goal to provide the best service available in the industry and our desire to exceed our clients expectations have driven our decision to make a move.” The Newnan Chamber of Commerce has announced a Ribbon Cutting Ceremony on June 30th, 2015 at 12:00noon to celebrate the grand reopening.

The new office is located at: 931 Lower Fayetteville Road Suite B, Newnan, GA 30265. Correspondence should continue to be mailed to PO Box 72839, Newnan, GA 30271.

For more information please contact us at: 404.419.6459 or info@myrentsource.com

12 Big Red Flags to Watch For When Looking for Tenants

mrs_evictionSo, here’s a list of twelve red flags that we all need to look out at when selecting tenants:

1) Are they on time for the appointment? If they can’t even be on time for the appointment, it’s likely that their rent won’t be on time either.

2) What type of first impression did they make? What was their personal appearance and what did their car look like? How they take care of their personal belongings is probably how they’ll take care of the unit.

3) Are there gaps in rental history? This could signify that were incarcerated or in a facility of some sort for a period of time. Ask questions.

4) Did you see where they live now? That’s what your unit will look like.

5) How many occupants will there be? This helps you predict the level of wear and tear to the unit.

6) Any pets (or other dangerous animals)? Townships may have ordinances that only allow certain pets.

7) Any long-term guests or adult children? What’s your policy? For example, are the people on the lease the only ones allowed to live there? Or, will the rent increase if an adult child moves home?

8) Will they take the unit sight unseen? If they don’t seem to care about where they’re living, how well do you think they’ll take care of it?

9) Are they flashing cash? This could signify that that the person is selling a drug or product illegally, has received some type of settlement (who you may have to evict later, if they don’t have a steady income), or maybe the previous landlord paid them to leave and they’re using that to money to get the new place.

10) Do they want to pay the security deposit in installments? If they’re having trouble paying the security deposit, they may have trouble paying the rent. Of course, this isn’t always the case.

11) Did they get upset you’re considering others? If they’re too aggressive, or get upset easily, they may get in your face or be very hard to please during their leasing period.

12) Do they whine and complain about their current landlord? They could’ve had an awful landlord, or they may whine and complain about everything.

These are just some of the many red flags I’ve seen over the years, although not all of them will lead indefinitely to troublesome tenant situations.

by unknown.

5 Tips for Winterizing Plumbing and Pipes

Property management GA

Property Management Newnan GA

Contrary to popular belief, pipes don’t burst at the point where water freezes, but somewhere between the freeze and a closed faucet, such as the kitchen faucet or washing machine. When the pressure builds due to ice blockage, it has nowhere to go but through the pipe walls, leading to extensive water damage. You can avoid this problem by properly insulating the plumbing pipes in your home.

1. Pipe Insulation:
Your pipes are more susceptible to freeze damage when temperatures drop to 20 degrees Fahrenheit or below. If you live in an area where these winter temperatures are the norm, take extra caution when insulating pipes. For example, in Denver, the average low temperature is 23 degrees Fahrenheit beginning in November, and temperatures can drop into the teens in the months that follow. For pipe winterization, add a thicker layer of insulation around your pipes.

Insulate the pipes in all unheated areas, as they are most likely to freeze. Wrap the pipes in insulation tubes made of polyethylene or fiberglass. Measure the outside diameter of your pipes to make sure you purchase the correct size of tube. Take extra care with pipes that have frozen during previous winters or have been repaired in the last 12 months. According to John Ward, a Denver based plumber with Applewood Plumbing, Heating and Electric, these pipes are more susceptible to damage. He also suggests wrapping pipes in heat-tape prior to insulating. Make sure you follow the manufacturer’s instructions when using heat-tape to avoid damage.

2. Let the Faucets Drip:
On nights when the temperature is expected to drop below freezing, turn on faucets along the exterior walls to create a small, steady drip. This eliminates pressure that can build between the faucet and an ice blockage, so even if a pipe freezes, it may not burst.

3. Open Cabinets:
Open all sink-base cabinet doors along exterior walls to allow more heat to reach the pipes.

4. Exterior Cracks:
Note any cracks or holes along the outside walls and foundation of your home. Filling holes and cracks with spray foam insulation and caulking can help stop the cold air from coming into contact with your water pipes during extremely cold weather.

5. Seal off Crawl Space:
Pier and beam homes with ventilated crawl spaces should be sealed against the cold weather. Cover your vents with heavy-duty pieces of cardboard cut to fit the vents, duct taping the cardboard in place. Don’t forget to seal off access to the crawl space. If you have a basement, look for cracked basement windows that could allow cold air to make contact with pipes. Check for worn or missing insulation around garage and utility doors. Reducing the amount of cold air in the area minimizes your pipes’ vulnerability.

by Cecilia Harsch

Top 10 Reasons Landlords Should Require Tenants To Carry Renters Insurance

mrs_rental insuranceWritten into most lease agreements is a provision that advises the Tenant to carry renter’s insurance to protect tenant from any such loss or damage. But this suggestion does not often get follow-up on and may not help fully protect the landlord or tenant.

A reputable and experienced properpty management company will often present an additional terms that requires the tenant to obtain renters insurance and that the landlords be named as an “additionally insured” on the policy. It is also benefital to have the tenant show proof of such insurance coverage within days of the date of signature of the Rental Agreement. Protecting the tenant and landlord with insurance is a smart expenditure for piece of mind.

1. If your property catches fire, through no fault of the tenant, the owners insurance does not cover the tenants personal property or expenses they may incur while the property is being repaired. Who might they come after if they have no other protection?

2. If your tenants cause their neighbors to suffer a loss, through bodily injury or property damage, their Renters Insurance will provide protection that would compensate the injured party. This protection can prevent arguments over liability between you and your tenant, and who might the neighbors come after if they have no other protection?

3. If someone sues your Renter for monetary damages for some other reason, and they haven’t done anything illegal, their Renters Insurance puts Insurance carrier money on the table and as the landlord you don’t need to be involved.

4. Your tenant’s personal property is protected (less the deductible) while they are away from home, like in their car, or when traveling. If they loose something that is of value to them they may have fewer resources to pay your rent.

5. They can get cross line discounts on their auto insurance, which will save them money while protecting more of their stuff. Depending on how expensive their auto insurance is, their Renters Insurance might even be FREE! And, they might not even know that! That certainly wouldn’t hurt your standing with them!

6. It gives you peace of mind to know that should a loss occur, you won’t have to deal with the Renter’s loss, and you can concentrate on repairing any damage to your property!

7. Having the funds readily available to replace lost items will reduce the strain on your relationships with your tenants.

8. You will have fewer problems than other Landlords, assuming everything else is equal, so you will have more free time!

9. As the landlord you can make this a mandatory condition of renting the property, which means you never have to worry about your tenants not being covered, and most importantly…

10. It’s very inexpensive, and easy to obtain a policy. A typical policy covering up to $15,000 in property damage and $100,000 in liability coverage cost under $200 per year.
by Corrin Trowbirdge
Brought to you by: My Rent Source Rental Property Management

6 Property Maintenance Tips That Can Save Landlords Money

mrs_maintenance3

How to Prevent Problems by Performing Regular Property Maintenance

As a landlord, it is easy to overlook minor issues. Performing regular maintenance on your property can help you catch a small problem before it turns into a large expense. Here are some property maintenance tips that can help save you money in the long run.

1. Exterminate Monthly:
Even if you do not currently have a rodent or insect problem, you should exterminate monthly or bi-monthly to prevent such problems from occurring. Do not limit the extermination to one apartment, as critters will simply travel to another part of the property. While it is possible to purchase exterminating supplies yourself, this task is usually best left to a professional.

As an example, you can see that spending $25 a unit for a monthly extermination is a much better option than losing $1000 in rent because of a tenant vacancy. A complete infestation will also cost much more money because current tenants may have to temporarily leave the building and walls and ceilings will have to be opened up.

2. Check for Water Damage and Leaks:
The best time to check for leaks is after a heavy rain storm, after ice and snow have begun to melt, or on very hot and humid days when pipes tend to sweat. Check for soft spots on the roofs, ceilings, and walls. Look for signs of water around windows, showers, and toilets. Check under sinks, boilers, and water heaters. It is imperative to identify a water leak early. Ongoing leaks can completely damage walls, ceilings, and a tenant’s possessions. Dangerous mold can also form, which can be a large expense, especially if it is over 10 square feet, which would have to be remedied according to the Environmental Protection Agency’s (EPA) Guidelines.

3. Examine Shower Caulking and Grout Between Tiles:
Over time, the grout between tiles can crack and the caulk surrounding the tub can loosen. When this happens, you no longer have a waterproof seal and water can leak through and damage the surrounding walls or floor below. As soon as you notice any cracks or holes, you should replace the caulking or grout to prevent potential water damage.

4. Test All Smoke and Carbon Monoxide Detectors Regularly:
Check these devices monthly to make sure they are in working order. Both battery operated and hard wired devices should be tested. Set a schedule to test them when you collect rent or at another time that is convenient for you. These devices save lives. If there is a fire or carbon monoxide leak in your building and these devices are not in working order, you could face legal action. Also, be aware that the average lifespan of a carbon monoxide detector is 5 years, so replace as necessary. Smoke alarms have a useful life of about 10 years.

5. Change the Filters in Your Forced Air Systems:
You should change the filters in your heating or air conditioning unit at least twice a year. Consult the manufacturer of your heating or cooling system to determine the highest efficiency filter for your system. Dirty filters can increase your utility bill by causing the system to work harder or can lead to malfunctions in the systems, such as causing the cooling system to freeze-up.

Routinely changing the filter can help prevent the air duct from becoming contaminated. If clogged, the ducts will usually need to be professionally cleaned, and that is an expense you do not want. Even if your tenants pay their own utilities, pay proper attention to this matter because excessively high utility bills will cause you to lose tenants.

6. Flush Your Water Heater:
Once or twice a year you should drain your water heaters. This is done to remove the sediment that can build up in your unit from the municipal water supply that enters your property. If too much sediment builds up, it can reduce the efficiency of your water heater or clog the drain valve. Replacing a water heater is expensive! Be cautious and follow the specific procedures for draining your water heater. If you’re not comfortable doing it yourself, hire someone who is.

By sacrificing a little time and money now to perform property maintenance, you can save yourself a lot of time and money in the future. Remember, an ounce of prevention is worth a pound of cure.
by Erin Eberlin
Landlords & Property Investments Expert
Brought to you by: My Rent Source Rental Property Management

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