December 30, 2014
by Albert Fontenot
2014 is coming to an end, and because this is the last blog of the year, I thought it would be a good opportunity to talk about a proper schedule for major Do-It-Yourself projects in 2015. One of the keys to being a successful DIY landlord is organization, and one of the best ways to stay organized is to have a dedicated 'to-do schedule' that you can easily refer to.
As it is with all the many chores that are responsible for as a hands-on landlord, keeping to the schedule requires a good deal of discipline. Not only will keeping on task keep your properties and tiptop shape, it will also keep projects from getting even more difficult.
Unlike some other parts of the country, here in Charleston we actually experience all four seasons. What this means to you is that you must plan your rental property maintenance, repair, and remodeling projects with the weather in mind. Obviously, this also means that when the weather is nicest, you will probably be at your busiest. On average, Charleston experiences wet weather 113 days out of the year and receives 51 inches of precipitation. According to the almanac, southern South Carolina will have above average rainfall in 2015, with tropical storm threats in both May and July.
First, we are going to talk about the 'major' projects that you should have on your calendar. These are the projects that have to get done at regular intervals to actually protect the home. More importantly, these are the chores that, if ignored, can actually lead to significant and costly damage to your rental property.
Keeping up with all of these chores will require a real time commitment from you. However, this list is not something you want to 'piece out' to multiple outside contractors.
Not only would that mean out laying thousands of dollars over the year, but researching, vetting, meeting with, giving instructions to, coordinating with, monitoring, communicating with, and paying that many individual/firms can be a major logistical headache in and of itself, and might end up taking as much time as simply doing it yourself.
During the winter, 'protection' is the watchword. This list of chores will keep harsh winter weather from damaging your property.
Special tasks if your rental home is vacant:
Spring is the time to focus on 'freshening up' and preparing for the season's storms, wind, and rain.
Summer is the time to really finish up those springtime projects and prepare for fall weather.
In the fall, you will be preparing the rental property for dropping temperatures and falling leaves.
Remember, this list is just a guide that allows you to be proactive in keeping the ravages of time and wear and at day. Keep in mind, there will be several times during the year where you also need to be reactive, as well. For example, you will have to thoroughly inspect the rental property and repair any damage after every storm or significant ice accumulation.
If it seems that this is an almost-never ending list of chores, is because it is. The life of a do-it-yourself landlord is not an idle one, and there will never be a shortage of things for you to do. Obviously, the more properties you own, the more time you have to devote to these regular maintenance chores.
But that's how it should be—your rental property represents a huge investment, and it is your responsibility to protect that investment by keeping the property in good repair and as well-maintained as possible. Your tenants will thank you, but more importantly, so will your wallet.
Contact us to learn how we can help you with your Charleston property management today.