As a landlord, you know that repairs and maintenance are part of the job. But how does it work when you hire a property management company? Do they handle all the repairs for you or do you have to pay out of pocket? The answer may surprise you. Let’s dive in and discuss how property managers handle repairs.
Who is Responsible for Repairs?
In most cases, the landlord is responsible for all repairs to their rental units. This means that if your tenants experience any maintenance issues, you must take care of them in a timely manner. However, your property manager can help by coordinating with repair technicians and vendors to ensure that the necessary work is completed quickly and efficiently. In some cases, they may even be able to negotiate special discounts on supplies or labor costs.
The first thing to know is that property management companies usually do not pay for repairs directly. Instead, they will typically take on the responsibility of scheduling and paying contractors. In most cases, the cost of any repairs will come out of the rental income collected by the company—not out of your pocket.
When Does the Property Manager Pay for Repairs?
If an issue arises due to negligence on the part of the property manager, then it’s possible that they may be responsible for covering some or all of the costs associated with making those repairs. For instance, if your property manager failed to inspect your rental unit prior to leasing it to new tenants, and a major issue was discovered after move-in day due to their negligence, then they may be required to cover those repair costs. It’s also important to note that certain types of damage caused by tenant neglect may also leave landlords liable for certain repair costs as well.
What About Emergency Repairs?
In many cases, unexpected emergencies can arise at any time—especially in older buildings or rentals with dated plumbing systems and electrical wiring. In these instances, whether or not your Property Manager covers these emergency repair costs will depend on several factors such as whether or not they were aware of any potential problems before they occurred and if they took any steps to prevent them from happening (such as performing regular building inspections). As always, be sure to check your contract with your Property Manager so you know who is responsible for paying for what type of repairs before signing anything!
Ultimately, when it comes down to deciding who pays for what types of repairs in a rental unit managed by a property management company, there are no hard-and-fast rules—it depends largely on who was negligent (if anyone) when an issue arose and what type of agreement has been reached between the landlord and their property manager beforehand. Be sure to read through your contract carefully so that you understand exactly who is responsible for which types of repairs before signing anything! That way you can make sure that everyone involved understands their obligations when it comes time to make those necessary fix-ups!