Ensuring property safety and keeping up with maintenance should be among your top priorities.
These factors contribute to a secure and comfortable guest experience and help protect your investment and maintain a positive reputation on Lake.
Testing Smoke Alarms and Carbon Monoxide Detectors
One of the primary aspects of property safety is the installation and regular checking of smoke alarms and carbon monoxide detectors.
You can remember to do this by adding it to the property maintenance checklist or a reminder to your calendar. Minimally, you should check smoke alarms once per year, but it’s advisable to do so more frequently, such as when the seasons change.
Schedule for Checking Smoke Alarms
Conducting Regular Maintenance Throughout the Home
Alongside these essential devices, ensuring that all door and window locks function properly and that your property is adequately insured is crucial. Regular maintenance, such as changing filters in your HVAC system and preventing frozen pipes, will keep your property in tip-top shape for you and your guests.
Budgeting For Repairs
Creating a budget for maintenance and repairs is a smart move, as doing so helps you prepare for any unexpected costs that may arise.
A popular rule of thumb is to set aside around 1% to 2% of your property’s value for annual maintenance costs or to allocate roughly half of your monthly rental income for repairs, taxes, insurance, and other related expenses.
Preparing for the financial side of property safety and maintenance will give you peace of mind and keep your vacation rental pristine for all to enjoy.