When it comes to maintenance requests, we always advise our clients to prepare for the worse. Our staff here at Blue Harbour Property Management has over 20 years of experience dealing with home repairs and we put our best foot forward in order to handle it in a timely, professional and cost-efficient manner. We have dual roles. Making the tenants satisfied that their requests have been addressed and also making sure that the repairs are not overly costly to our landlords. As such, we have come up with some tips on keeping overall costs down while making sure that your tenants are happy with their issues:
- Landlords should make sure that they put aside a cash reserve in the event that repairs are necessary. Here at Blue Harbour Property Management, we advise our landlords to set aside at least $1,500.00 for expenses. Although this might be considered a large sum, you must account for the unexpected catastrophic repair that can set aside an owner for months. By being prepared, it will save you from it affecting your personal life if it ever happens.
- If your Queens property that you expect to rent is a tad older, we say more than 12 years old, you can expect to pay a little more for its upkeep. What you should do is keep a running list of what may need upgraded or repaired. By doing this, many things will not come as such a surprise when you have to spend on the material and labor. Examples such as taking notes on if your gutters need to be replaced, windows need to be changed etc.
- Respond to repair requests in a timely fashion. You should make sure that you are always in compliance with New York City Housing Codes and regulations. The failure to do so may result in fines or emergency repair costs that the City charges. Also, by responding to repairs requests fairly reasonably, you will be strenghthening your relationship with your tenants.
Blue Harbour Property Management is a full service NYC property management company servicing the boroughs of Queens, Brooklyn, Manhattan and the Bronx. Whether it be a 1 bedroom condo or multi-family building we are able to assist our clients maximize their investments.
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