As a landlord, there’s nothing quite like getting an urgent call in the middle of the night about a broken furnace or a burst pipe. Such circumstances require an immediate response.
A property management company makes dealing with emergencies less stressful. However, landlords must know what counts as an emergency. They should also understand how to approach these situations when they arise.
Research by the National Association of Realtors shows that over 80% of landlords feel pressure and financial strain from emergency repairs, with 62% citing financial reasons for deferring maintenance tasks during challenging economic times.
Knowing what qualifies as an emergency and taking steps to minimize them helps landlords manage these issues effectively.
Well, let’s talk about everything in this guide.
Not all repair concerns are urgent, so it’s essential to know what actually makes up an emergency. Urgent repairs may lead to further damage or harm to your property and endanger your tenants’ lives. Understanding what qualifies as an emergency helps you decide which repairs to prioritize and how to act. Let’s look at them:
Sometimes tenants may think that some problems are urgent, but, actually, they are not emergencies. Non-emergency issues can usually wait a few days to a week. Here are a few rental property repairs:
Note: It’s important that tenants are informed on what constitutes an emergency and what does not. It prevents the creation of panic and brings order in setting people’s expectations. Whenever the tenants grasp the difference, they are likely to be more comfortable and less worried about their shelters.
It is impossible to know when an emergency will occur, but being ready can literally save the day. Here’s how you can be proactive:
It is always important to have a list of preferred contractors available at all times. You should always have the phone numbers of at least two or three reputable plumbers, electricians, and HVAC contractors.
If one contractor is not available, one can easily call another one. Such preparation helps you to be ready to handle any emergent situation, for example, a leaking pipe or a power failure.
Make sure your tenants know what counts as an emergency and the best way to report it. Clear instructions help everyone stay on the same page and ensure issues are addressed promptly.
In case of emergencies, it’s also useful to have a special phone number or system that will call you in the first place.
This assists in reducing cases where people bring any matter that is not so serious while at the same time making sure that those that are sensitive are attended to as soon as possible.
Tenants must be aware that some of the repairs may take time. For example, if there is a snowstorm, it may take 8 to 12 hours for the help to come.
Communicating to tenants regarding possible delay will assist them to comprehend, and this will not cause them to feel frustrated.
In fact, research shows that setting clear timelines for repairs can lower tenant complaints by 30%.
Regular maintenance is the best way to prevent emergency repairs from being done on the vehicle. You should perform annual checks on the HVAC system, inspect the plumbing, and ensure the roof is in good condition.
Preventing problems from getting worse is always less costly than having to treat them when they are already out of hand.
Landlords have multiple ways to handle repairs, including emergencies. The three most common approaches are:
Some landlords choose to manage all repairs themselves to save money and stay in control. However, this approach involves:
Using a separate phone line or virtual number for tenant calls is helpful. This prevents tenants from calling the landlord’s personal phone for every minor issue. With a virtual number, tenants can leave messages, and the landlord can return calls as needed. This ensures only genuine emergencies receive immediate attention.
DIY maintenance can be challenging, as tenants sometimes expect immediate solutions. Having a list of trusted contractors on standby ensures quick action when emergencies occur.
Some landlords may want to manage the tenant leasing and rent themselves but may contract out the maintenance services. These vendors are usually involved in offering routine and demand repair services in the rental units.
Outsourcing is a way to achieve the best of both worlds on the issue of self-organization and professional assistance. It allows landlords to remain involved with their property management without having to sort out every repair themselves. When hiring maintenance vendors, it’s essential to:
This option works well for first-time landlords who want to manage their properties but feel overwhelmed by maintenance tasks.
Landlords looking for a hands-off approach often turn to property management companies. These companies oversee all aspects of the property, including repairs, emergencies, and tenant communications.
When considering a property management company, ask the following questions:
Emergencies can be costly. For example, plumbing repair costs can be between $500 and $2000 or more. As any homeowner knows, it is always wise to put some money aside for the rainy day when a shower will be a leaking roof. It is advised that you set aside a fraction of the rental income you receive each month in case of an emergency.
Thus, you will be ready financially and can solve problems when they arise.
Dealing with emergency repairs is a part of being a landlord. But as you’ve learned here, these challenges can be well-controlled if you are well-prepared. Yes!
That way, you can prevent a lot of emergency situations from happening in the first place. But when emergencies occur, which they always do, you will be prepared to deal with them. Maintenance and financial readiness are important aspects when it comes to the safety of the properties and contented tenants.
Emergency repairs are urgent problems that could harm tenants or cause serious property damage. Some common examples are:
These repairs need quick attention to avoid further damage and keep tenants safe.
Tenants should follow the landlord’s instructions for reporting emergencies. Usually, this means:
Good communication ensures fast help when needed.
Yes, many places have laws that require landlords to fix serious problems quickly. For example:
Landlords can prepare by saving part of their rental income for emergencies. Experts suggest setting aside 10% to 15% each month. Regular maintenance, like checking plumbing and heating, also helps catch small problems before they turn into emergencies.