Property managers are the unsung heroes of rental properties. They're responsible for screening for great tenants, setting rent prices (and collecting it), plus handling any emergencies - repairs included.
This leaves one very important question: does rental property management pay for any repairs? The answer to this question has several parts and, even though the answer is cut and dry, there are a few things to consider with who pays.
Who Pays for Property Maintenance Costs?
Although property managers are responsible for any repairs, rental management in Fairfield doesn't pay for them. The lease between a landlord and a renter determines who pays for repairs - these are usually landlord responsibilities in Fairfield. Either way, the property manager is only responsible for ensuring the repairs are made.
Property managers have access to a reserve fund when paying for any property maintenance costs. This money comes from the landlord and is specifically for maintenance and other repairs.
Landlords are required to ensure that a property's structural integrity is upheld. This doesn't include negligence by renters, however. Any type of damage from neglect or abuse is the renter's responsibility to pay for.
On the other hand, landlords pay for:
- Pest infestations
- Plumbing issues
- Broken locks
- Mold issues
- Heating repairs
The landlord and property management company create a budget for possible repairs, which the property manager uses to complete these tasks.
Benefits of Property Management for Repairs
Although property managers don't pay for property maintenance costs, their job is an essential one. Should a property need some type of work done, these seasoned professionals typically have a list of reputable contractors to call. They're adept at negotiating the best repair prices, helping landlords to keep prices affordable.
Property managers also oversee all repairs, scheduling them and ensuring the work is carried out. This means that, although the landlord is responsible for paying, they don't have to worry about the stress and aggravation of finding contractors and managing the repair project.
Whatever issues tenants have with repairs, property managers are the ones they call; landlords don't have to worry about the hassle of odd-hour calls to handle repairs. This makes property managers an invaluable part of any rental property.
Do Tenants Ever Pay for Repairs?
As previously mentioned, tenants only pay for repairs if they cause damage due to neglect or some type of property abuse.
Other times tenants pay for repairs is if they have a pet that causes damage - this might be damaged flooring or chewed curtains. Tenants are also expected to make routine repairs, such as burnt-out lightbulbs, as this is a minor issue.
If tenants and their guests break doors, windows, appliances, or anything else, they're responsible for payment or said repairs.
Rental Property Management: A Necessity for Landlords
Rental property management might not pay for repairs to a property, but they oversee all repairs and have a special reserve fund to pay for any work completed on a property. Rental repairs in Fairfield, CA are the landlord's responsibility, unless the tenant is at fault.
If you need professional property management, contact PMI Northbay today. Our full-service management is locally owned and operated and can make your role as landlord infinitely easier. Receive a free rental analysis today or contact us at 707.346.5356.
