Planning for Major Repairs and Renovations

If you are a landlord and owner of a building for any significant period of time, chances are you will at some point have to deal with major repairs or renovations to your property. You may be wondering what the best way is to plan for such work. Here are some things to keep in mind to make the process as smooth as possible.

First, try to do major repairs and renovations during a turnover period. It's easier to get workers in and work completed when a property is vacant.

This is not always possible, however, with the need to schedule around tenants, contractors, and weather factors. If it's not conceivable to do major work while units or buildings are vacated, your best bet is to communicate early and often about upcoming work plans with your renters. For example, you may start telling your tenants that the roof will be redone "sometime next spring." Then as the time draws nearer, remind them that the previously mentioned work will start "during the month of April." Make sure to follow up and remind them the week before that work will commence. That way, no matter the week it begins, your tenants will have been notified and will expect some degree of noise or disruption

Open and frequent communication is the key to a smooth interaction with your tenants during any major repair or rennovation. If you utilize the assistance of a professional management company, such as Golden Estate Management, all of this will be handled for you. Please look at a complete list of our services at www.GoldenEstateManagement.com.