Costs to Plan for as a San Diego Investment Property Owner
Ascent Property Management • February 27, 2023
Factoring in the cost of property maintenance is important to the overall health of your San Diego investment property portfolio. If you are new to property management, you may be curious about how to prepare. So, let us discuss some of those potential costs!
Routine Maintenance Costs
Routine maintenance costs include regular landscaping, HVAC system tune-ups, and plumbing checks. Plan to incur these costs regularly to keep your property in tip-top condition. Staying on top of maintenance also helps to improve your relationship with tenants.
When selecting vendors, consider both the cost and quality of their work to ensure the best value for your money.
Emergency Maintenance Costs
In addition to routine maintenance, San Diego property owners should also prepare for emergency maintenance costs. Address unexpected repairs immediately to prevent further damage or danger. Emergency maintenance costs can include items such as roof leaks, burst pipes, and broken windows. While it’s impossible to predict when these types of emergencies will arise, set aside funds to cover these costs when they do.
Capital Expenditures
Capital expenditures are expenses necessary to maintain or improve the overall value of your property. These expenses include replacing a roof, upgrading an HVAC system, or renovating a property. While these costs can be expensive, they are typically spaced out over several years and planned for in advance.
Property Management Fees
Finally, San Diego property owners should also consider property management fees. While these fees may seem like an additional expense, they can often save property owners money in the long run by ensuring that maintenance tasks are completed properly and promptly.
Ascent Property Management
If you have any questions about property maintenance costs or would like assistance with property management, please don’t hesitate to contact us! You can reach us at 760-994-5037 or complete our management form today.
As temperatures rise, keeping rental units cool isn’t just a comfort issue, it’s a tenant satisfaction and property care priority. At Ascent Property Management, we understand how crucial it is to stay ahead of seasonal challenges, especially during warm summer months. Helping your tenants beat the heat can protect your investment, reduce strain on cooling systems, and contribute to long-term tenant retention. Here are a few smart, landlord-approved ways to keep your rental unit cool: Service the HVAC System Regularly Before the peak of summer hits, ensure that the air conditioning system is inspected and maintained. Dirty filters and clogged ducts make the system work harder, driving up energy costs and reducing efficiency. Routine maintenance not only extends the life of the unit but also helps avoid emergency repair calls in the middle of a heatwave. Install Ceiling Fans or Portable AC Units Ceiling fans are a low-cost upgrade that help circulate air and can make a room feel significantly cooler. In properties without central air, offering tenants the option of a portable AC unit (or installing one in key areas) can make a big difference. Block Out the Heat Window treatments like blackout curtains or solar shades are easy upgrades that can reduce heat gain and protect furniture and flooring from sun damage. Consider adding or upgrading blinds and encouraging tenants to keep them closed during peak sun hours. Insulate and Seal Properly Make sure your unit is properly insulated and that doors and windows are sealed. Heat can easily sneak in through small gaps, especially in older buildings. Weather stripping and door sweeps are inexpensive fixes that help maintain indoor temperatures year-round. Ascent Pro perty Management At Ascent Property Management, we stay proactive in keeping our properties in top shape through every season. Whether it’s scheduling seasonal maintenance, making cost-effective upgrades, or addressing tenant concerns quickly, we make property ownership easier. Want help managing your rental? We’re here to ensure your investment stays comfortable, efficient, and profitable...all year long.
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As spring arrives in San Diego, so does one of the biggest threats to rental properties—termites. While termites are a year-round concern, spring is when they become most active, swarming in search of new places to establish colonies. For landlords, early detection and prevention are crucial to avoiding costly damage. Here’s what you need to know about termite season and how to protect your rental property. Why Spring Is Peak Termite Season Termites, particularly dry wood and subterranean species become more visible in the spring because of increased warmth and humidity. Swarmers—winged termites looking for new homes—emerge in large numbers, often resembling flying ants. If you or your tenants notice them inside or around the property, it’s a sign that termites may already exist. Signs of a Termite Infestation Landlords should stay vigilant for these common signs of termite activity: Mud Tubes: Subterranean termites build small, pencil-thin tunnels along walls and foundations to retain moisture as they travel. Hollow-Sounding Wood: If tapping on wood surfaces produces a hollow sound, termites may have eaten away the interior. Frass (Termite Droppings): Drywood termites leave behind tiny, wood-colored droppings near infested areas. Warped Doors and Windows: As termites tunnel through wood, they can cause structures to shift, making doors and windows harder to open or close. Visible Swarmers or Discarded Wings: Seeing swarmers inside a rental property or piles of shed wings is a major red flag. Prevention Tips for Landlords To keep termites at bay, landlords should take proactive measures, such as: Scheduling Regular Inspections: Annual termite inspections can catch infestations before they become severe. Keeping the Property Dry: Fixing leaks, maintaining gutters, and ensuring proper drainage reduces the moisture termites need to survive. Using Treated Wood: If making repairs, opt for termite-resistant materials. Removing Wood-to-Soil Contact: Avoid storing firewood near the foundation and ensure wooden structures don’t directly touch the soil. Protecting Your Investment with Professional Help At Ascent Property Management, we understand how crucial it is to avoid issues with your investment property. Our team is here to help you manage your property with proactive maintenance and expert guidance, ensuring your rental stays in great shape. Reach out today to learn how we can support you in protecting your investment.
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As temperatures rise, keeping rental units cool isn’t just a comfort issue, it’s a tenant satisfaction and property care priority. At Ascent Property Management, we understand how crucial it is to stay ahead of seasonal challenges, especially during warm summer months. Helping your tenants beat the heat can protect your investment, reduce strain on cooling systems, and contribute to long-term tenant retention. Here are a few smart, landlord-approved ways to keep your rental unit cool: Service the HVAC System Regularly Before the peak of summer hits, ensure that the air conditioning system is inspected and maintained. Dirty filters and clogged ducts make the system work harder, driving up energy costs and reducing efficiency. Routine maintenance not only extends the life of the unit but also helps avoid emergency repair calls in the middle of a heatwave. Install Ceiling Fans or Portable AC Units Ceiling fans are a low-cost upgrade that help circulate air and can make a room feel significantly cooler. In properties without central air, offering tenants the option of a portable AC unit (or installing one in key areas) can make a big difference. Block Out the Heat Window treatments like blackout curtains or solar shades are easy upgrades that can reduce heat gain and protect furniture and flooring from sun damage. Consider adding or upgrading blinds and encouraging tenants to keep them closed during peak sun hours. Insulate and Seal Properly Make sure your unit is properly insulated and that doors and windows are sealed. Heat can easily sneak in through small gaps, especially in older buildings. Weather stripping and door sweeps are inexpensive fixes that help maintain indoor temperatures year-round. Ascent Pro perty Management At Ascent Property Management, we stay proactive in keeping our properties in top shape through every season. Whether it’s scheduling seasonal maintenance, making cost-effective upgrades, or addressing tenant concerns quickly, we make property ownership easier. Want help managing your rental? We’re here to ensure your investment stays comfortable, efficient, and profitable...all year long.
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