To humor you a bit, there are only a few things that can be called constant about life.
In my view, we could say gravity, the laws of the universe, maybe the laws of relativity if you know what it is, and the desires of investors to by all means devise models to keep and grow their investment. The last one sounds more crucial than the others.
Effective property maintenance is essential for hosts to ensure guest satisfaction and protect investments. In this article, we will briefly discuss a cost-effective property maintenance model that allows hosts to maintain their properties efficiently without breaking the bank.
The “Airbnb” Model
The “Airbnb” model requires that guests don’t entirely take responsibility for the basic maintenance of the apartments. This is due to the fact that host apartments can be used by anyone and at any time.
Not everyone sees it as a responsibility to replace that which was damaged or put things in place just the way they met them. That is probably a little dark side to maintaining an “Airbnb” apartment.
As a temporary landlord, there are a few general tips you can engage in to cut down the costs of maintaining your apartment. Here are a few :
- DIY Maintenance:
The “Do it yourself” approach to maintenance has proven to cut down labor costs over the years, and it is still applicable today. Not everyone wants to get their hands dirty, but if you can, why not?
You can undertake basic maintenance tasks such as cleaning, petty repairs, and landscaping yourself to save on labor costs. Anything you can do yourself, it is advisable that you do it to avoid paying someone else to do it for you.
- Engage Preventive Maintenance:
Maintenance of gadgets and resources within an apartment is not an activity that is often done. You don’t necessarily need to change furniture every weekend or get a new remote control every month, these things hardly have issues.
However, implementing a proactive approach will require occasional visits to identify and address issues before they escalate. This way, you reduce the need for costly repairs.
- Budgeting and Planning:
When the rental income gushes in, set aside a portion of it for property maintenance. This will help you address unexpected issues before they escalate.
- Outsourcing Selectively:
There are only a few things you can do by yourself, and there are a few more that will require external help. When it involves technical or time-consuming tasks such as deep cleaning, pest control, or some works of art, you might as well outsource them to capable hands rather than doing them yourself.
You still get to save money depending on where and how you hire. You can always get someone to do you good work without costing you the usual prices around.
Conclusion
By adopting these tips, you as a host can ensure the longevity of your property, enhance guest satisfaction, and maximize profitability in the long run.
