Becoming a Landlord Test tips
Chapter 5: Maintaining Your Property
You should know and understand the following points covered within this chapter:
- Factors that may influence the market value of your property include:
- the architectural style
- the landscaping
- the convenience of the neighborhood to shopping and transportation
- the prices that comparable properties sell for in the neighborhood
- A good repair and maintenance systems allows you to prevent potential problems by identifying and fixing them before they become major problems.
- The repair and maintenance process may include the following steps:
- Use a written landlord-tenant checklist.
- Don't assume your tenants know how to handle routine maintenance problems.
- Encourage tenants to immediately report plumbing, heating, weatherproofing, or other defects, or safety or security problems.
- To protect your home against emergencies, you can:
- be familiar with safety features such as smoke alarms and circuit breakers in your home
- purchase fire extinguishers and keep them where they are easily accessible
- Safety codes generally set standards for fire prevention, the condition of electrical wiring and equipment and security.
