Several of my new clients are property owners who know they need to rent their current homes before they can sell it in 3 to 5 years. They also know that the RENTAL MARKET in our area is VERY HOT!
Since the days of renters staying for a year and then buying are virtually GONE....owners and property managers need to ADJUST their maintenance routines accordingly.
Whereas, in the past, resident turnover allowed for REfurbishing and REnovations - painting, new carpet, etc. it is NOW more likely that residents will stay 3 to 5 years while they are in the area for employment or their education.
Therefore, KNOWING what the rental property may NEED and what the COSTS are upfront are KEY to keeping their investment in the BLACK. This includes the age of the components * HVAC system, appliances, roof as well as the regular plumbing and repair costs.