5 Ways To Keep Your Overseas Rental Properties In Their Best Shape
Although it may be true that ‘rental properties overseas’ is one of the best investments you can make, managing your property from a different continent can be challenging. You’ll want to try your best to minimize the issues that may arise due to limited resources and communication barriers. However, with a detailed list of tasks and routines, plus the proper systems in place, you’ll be able to maintain your overseas rental properties in their best condition.
Here are some ways to keep your overseas rental properties in their best shape with ease:
Invest In A High-Quality Rental Property Inspection App
Fortunately, many options are available to help ensure your property is in top shape. For starters, it’s crucial to understand what a rental property inspection app can do for you.
- It will save you time and energy by detailing what needs to be repaired or replaced.
- The app saves you money because it prevents inaccurate results due to human error or bias.
- A rental property inspection app will provide accurate information about tenant-occupied properties and those still vacant at the moment. For example, if there is an issue with a light fixture in one of the common areas of an apartment complex, only tenants who live near that particular light fixture would know about it unless they reported it (and most likely wouldn’t). This means that even little problems could lead to severe issues if left ignored.
Hire A Good Property Manager
If you’re renting out a home or apartment overseas, you’ll need a property manager to address the maintenance and repairs.
A good property manager will ensure that your overseas rental properties are taken care of when you’re not around. They’ll also handle the following:
- Ensure your property is always clean
- Do regular checks on the appliances and other items in your home
- Keep the yard well maintained and free of weeds
- Take care of any pest infestations that may occur
- Make sure all repairs are done promptly when necessary
Make A Plan For Emergency Repairs
In addition to the regular maintenance tasks, you should also have a plan for emergencies when managing a rental property. Things like broken appliances or an unexpected leak can happen unexpectedly and cause serious damage if not fixed immediately.
To help prevent emergencies from happening, make sure your tenants know how to contact you in case of an emergency. You may also want to get their phone numbers to communicate with each other if the need arises and you’re not around physically to address an issue.
You should also keep a list of local handypersons, service providers, and other contractors who can help out even on short notice in case of an emergency repair.
Provide Your Tenants With Maintenance Basics
If you want your rental property to always be in tip-top condition, your tenants should work with you toward attaining this goal. You’ll need to:
- Teach them how to use the appliances. If you’ve decided to rent out an appliance-furnished property, be sure to teach your tenants how each one works, so they don’t accidentally break something while trying to operate it themselves.
- Give them access codes or keys if there’s a set alarm system at the property. This will be helpful during an emergency as they can go back into the house without waiting for someone to arrive first.
- Remind them not to try to fix things themselves and to alert the property manager if anything needs attention.
Develop Effective Communication Habits
Another way to keep your property in good condition is to build effective communication habits. If you have an overseas property management company, make sure they are responsive to tenant requests for maintenance. If the tenant has a problem with something on the property, ensure you address this issue right away so they can continue to have a pleasant and stress-free stay.
Even without a property manager’s assistance, consider creating a template for all your tenants’ maintenance requests for fast and easy tracking and timely response. This will help ensure that there aren’t any overlooked repair issues that may affect your relationship and establish better rapport between tenants and landlords.
Challenging But Not Impossible
You can ensure your overseas rental property is in its best condition possible without needing to always be on the ground. Of course, this may be easier said than done, but it is not impossible. Make sure you follow the guidelines discussed in this article, do additional research, and plan accordingly so managing your property from wherever you are will be a breeze.