Retaining good tenants is an important part of maintaining your investment, collecting consistent rental income, and maximizing your ROI. Vacancy costs are expensive, and turnover costs are even more expensive. When your Santa Rosa rental property is unoccupied, you’re also stuck paying for things like utilities, maintenance, cleaning, and marketing.
You can be an experienced investor and still make the mistakes that are easy to make when it comes to Santa Rosa rental properties. New investors are in danger of pitfalls, too, and it can be demoralizing to run into problems when you’re just getting started.
Stay organized with a detailed checklist. If you’re not sure what to look for when you’re inspecting your property, we have four good places to start.
It’s time consuming and frustrating to respond to issues like dripping faucets, rotting grout, door seals that aren’t sealed and rust around the water tank. However, those routine home maintenance issues are needed if you want to effectively protect the condition of your Santa Rosa rental property.
Few things are more frustrating for a landlord or investor than a Santa Rosa rental property that isn’t renting. The longer your property is vacant, the more money you’ll lose.
Graduate of Empire Business School, Santa Rosa in 1998 with an AA degree in Office Administration. Lorena has over 30 years of experience in office administration. From the California State Legislature to North Bay Realtors Association and most recently with Sue Carrell & Associates.