As a landlord there are many questions that you need to answer. One of the most important is whether or not you will handle your own repairs. The way that you answer this question depends on many factors. No matter what your answer, you need to make sure that you do the right thing. A wrong decision could have major ramifications.
First things first, do you have the experience and skills to fix the problem at hand? If you are facing a simple issue you may be able to move forward on your own. But if you are up against something that is out of your league it is time to call a professional. This will cost you money, but in the long run you will know that the issue is fixed and that you have nothing to worry about in the future.
How fast can you act? If you are a full-time landlord you may be able to address an issue within a few hours of it popping up. But if you have another job this is not always possible. Remember, there are times when you need to fix a problem sooner rather than later. If you don?t, the problem could get worse and your tenants could get angry. Is this something that you want to deal with? Probably not. There is nothing wrong with doing your own repairs, but you must have the time available to complete them without delay.
There are many decisions that need to be made before you become a landlord. And with the information above you can see that one of the most important is who will handle property repairs. Your options are simple: you can make your own repairs or you can hire outside help. Which option best suits you?