FROM SAMARA BEDWELL, MACWELL PROPERTY
In Queensland, the introduction of minimum housing standards and repair orders sought by tenants have made it more important than ever for landlords to maintain their rental properties. Tenants are no longer willing to put up with ill-repaired homes, especially with rising rents and asking prices. However, we understand that many landlords are ‘mum and dad’ investors who may struggle to find extra funds for maintenance amid interest rates and the cost of living.
One suggestion for landlords is to have a dedicated account with the equivalent of one month’s rent to cover annual vacancy periods and create a maintenance budget at the start of each year. By doing so, landlords can plan for regular upkeep and address issues promptly without significant financial strain.
Here are some additional tips for landlords when it comes to maintenance:
- Conduct regular property inspections (at least once a year) to identify potential issues early on.
Your property manager isn’t a licensed building inspector. - Communicate openly with tenants and encourage them to report any maintenance concerns immediately.
- Prioritise repairs that impact the safety, security, and habitability of the property.
- Research and hire reliable, licensed tradespeople to carry out repairs and maintenance work.
The cheapest does not always represent the best value for money. - Be proactive in addressing maintenance issues and respond to tenant requests promptly.
By following these tips and adopting a proactive approach to maintenance, landlords can ensure their properties remain in good condition, avoid potential legal issues, and maintain positive relationships with their tenants.
