Episode Details

Property ownership is not a passive investment. Maintenance spending is not optional, and the only real question is whether it happens on your timetable or on the boiler's.

In this episode Simon Bacon and Ian Sadler work through the 20 questions landlords ask about maintenance: the difference between reactive and planned, which is genuinely cheaper over a full ownership cycle, why reactive is not always the wrong call, which parts of a property should be planned for and which are better handled as they arise, how often a property should be inspected, the costs landlords most consistently underestimate, and how much of your annual rental income to set aside.

Simon gives a working figure for that last one, with the caveat that it moves with the age of the property.

Simon Bacon is the owner of Preferential Properties, a lettings and sales agency serving Sutton Coldfield and North Birmingham with over 17 years in property management. Get in touch at prefprop.com.

CHAPTERS 
0:00 Cold open 
0:22 Welcome 
1:19 What is reactive maintenance? 
1:52 What is planned maintenance? 
2:28 Which approach is cheaper in the long run? 
4:15 Why do landlords tend to favour reactive maintenance? 
5:16 Is reactive maintenance always a bad thing? 
6:17 Is planned maintenance always the best option? 
7:39 What benefits most from planned maintenance? 
9:03 Boilers and heating systems 
9:41 Gutters and roofs 
10:16 Does planned maintenance reduce emergency callouts? 
11:13 How are tenants affected by maintenance? 
11:58 Can good maintenance reduce void periods? 
12:22 The costs landlords most often underestimate 
13:19 How often should a property be inspected? 
13:50 Do inspections actually save money? 
14:16 How does maintenance affect property value? 
15:34 What happens if you don't do the repairs? 
16:05 Maintenance and keeping good tenants 
16:53 How much should you set aside each year? 
18:05 The biggest mistake landlords make with maintenance 
18:59 The 5 key takeaways

#PropertyMaintenance #UKLandlord #BuyToLet #LandlordAdvice #PropertyPodcast #PlannedMaintenance #RentalProperty #PropertyManagement #SuttonColdfield #Birmingham #UKProperty #LandlordTips

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Get in touch with Simon for all your property needs. 
www.prefprop.com

E: simon@prefprop.com

T: 0121 2402244