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A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994.
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| “If you cannot do great things, do small things in a great way.”
Napoleon Hill
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5 Easy Ways To Control Maintenance Expenses
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Every rental owner knows the maintenance expenses in their rentals can eat up any profit from rents. It can be tempting to avoid some expenses to retain profitability. When deferring expenses your actions could have negative consequences with your tenants. Tenants usually get to vote once a year on whether they like the way the home they live in is maintained. When they vote NO, the loss of rent during vacancy may far exceed the cost of the maintenance expenses.
We want to share the following five easy ways to control maintenance expenses.
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Why WILMOTH? Informative Rental Owner Statements
The Rental owner statement shows a summary of ‘money in, money out’ by way of asset (current and fixed), income, expense, liability and equity transactions for a period of time, by rental owner.
This is the best summary report for a rental owner to review each month.
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Want To Grow?
WILMOTH helps investors with much more than just property management. If you are looking to grow your portfolio, we are your partner in the acquisition process.
Here is how to put our market expertise to work for you! |
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