As a Nashville rental property owner, one of the finest practices you can use to keep your properties profitable is to get them to be as low-maintenance as possible. Lowering your maintenance costs can help you achieve healthier cash flows and save more money to invest. The good news is that many low-cost and effective ways exist to create a low-maintenance rental property. If you spend too much time and money on property maintenance, these approaches may help.
One of the first things to ensure your rental property is more low-maintenance is choosing suitable materials for repairs and improvements. Low maintenance is not the same as low quality. Many quality materials are more resistant and more straightforward to keep clean than the cheaper, low-grade ones. Flooring is an area in which this is especially true. Knowledgeable property owners often opt for tile or vinyl for low-maintenance floors that will keep their appeal for many years. Tile and vinyl work well in kitchens, bathrooms, hallways, and other high-traffic areas. And both are easy to keep clean.
Opt for Scrubbable Surfaces
An additional simple but effective strategy to reduce maintenance in your rental’s interiors is to select a paint finish, bathtub surround, or backsplash that is easy to clean. For example, consider painting your rental’s walls with high-quality semi-gloss paint. Unlike flat paint, which can be hard to clean and may stain easily, semi-gloss or even gloss paint tends to hold up better to heavy wear. Consider using glossy paint in the kitchen to make those walls stain-resistant. If you’ve got tile in the bathrooms, consider mounting a fiberglass surround right over the top. These products are relatively budget-friendly and stay looking nice longer than grout lines. You may even consider adding a backsplash in the kitchen behind appliances and counters. A backsplash is easier to clean than a painted wall and will reduce the re-painting you’ll need between tenants.
Your rental property’s yard is as important as the interior, so keeping your landscaping neat and appealing is crucial. To guarantee that the landscaping is also low-maintenance, select a design requiring minimal trimming and mowing to stay attractive. For example, consider adding some raised flower beds around the edges rather than covering the entire yard in grass. When filled with rich wood mulch, this can instantly upgrade the look of any yard while keeping it easy to maintain. Likewise, select plants native to your climate and easy to care for. This can help keep your trees, shrubs, and flowers healthy and reduce the burden of landscaping care for your Nashville property manager and tenants.
While planning renovations, include some low-maintenance lighting and charging options. Pendant lights and chandeliers might seem beautiful, but they collect dust and bugs over time and are easily damaged. To reduce maintenance, choose good quality, functional lighting mounted securely against the ceiling. It is also a good idea to choose light fixtures that make it easy for tenants to change light bulbs when needed. Additionally, consider upgrading your electrical outlets to include plug-ins for cell phones and other electronic devices for an added selling point. This will attract more tenants and help prevent problems like blown fuses.
Perform Comprehensive Maintenance
Lastly, one of the best ways to create and own a low-maintenance rental is to have a comprehensive maintenance plan. Your maintenance plan should include interior and exterior maintenance tasks and a schedule of when each job should be completed. Carrying out routine maintenance every month is essential to preventing expensive emergency repairs and keeping your rental as low maintenance as possible.
Are you looking for assistance making your rental investment more low-maintenance and profitable? Contact Real Property Management Key Response at 615-953-8700 to speak with a Nashville property manager today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.