Definition
Maintenance is regular repair and upkeep to keep properties safe and habitable. Typical costs run 5-10% of rental income annually.
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Maintenance includes regular repairs, seasonal service (HVAC, plumbing inspections), and capital improvements. Typical maintenance costs run 5-10% of rental income annually. Proactive maintenance prevents expensive emergency repairs and tenant issues. Properties in poor condition experience higher vacancy and lower rents.
Pro Tip
Budget 8-10% of gross rental income for maintenance. Well-maintained properties command higher rents.
Example
Monthly maintenance might include plumbing repairs ($300), HVAC service ($150), and landscaping ($200)