Labor Day has come and gone and before we know it, Old Man Winter, will raise his annoying head. It’s time to winterize your rental property. You should do this now because it will, (1) save you money, and, (2) your tenants will be comfortable this winter.
Reducing Heat Loss Protects Your Rental Property Investment
Colorado winters can be brutal, and your tenants will feel the gaps around doors, pipes, conduits and windows. Significant heat loss leads to uncomfortable living spaces and these inefficiencies cost you money. But here’s even more incentive to take care of them now: As the days become shorter, so do the nights become colder, driving pests like mice and roaches into warm spaces. Those gaps are perfect for unwanted four-legged guests in your rental properties.
Speaking of warmth, this time of year is the perfect time for preventative maintenance on your heating systems in your rental properties. Minor repairs, maintenance and filter changes now will be cheaper than an emergency repair mid-winter.
Keep the heat inside. Peak into your attic and shine a flashlight around your insulated walls and ceilings. Save in the long run, knowing your tenants aren’t over-using the furnace because all the heat is departing through poorly insulated spaces.
Roof Inspections Protect Your Rental Property Investment
According to a FOX 31 online article, The Farmer’s Almanac says Colorado is due for an intense amount of snowfall this year. When was the last time you inspected your roof of your rental property? The dead of winter is the least desirable time to replace the shingles. And speaking of roofs, clean out those gutters. Fall leaves are going to cause drainage problems when rain and snow blanket the Front Range in just a few months.
Landscape Maintenance Protects Your Rental Property Investment
Have you winterized your sprinklers? Before Jack Frost freezes those pipes, make sure they’re completely empty of water. Expensive repairs and mountainous water bills will surely cost you money next spring if you don’t do this now. While we are on the subject of landscaping, pruning and trimming around your rental property will help prevent branches from bowing and snapping, potentially wreaking havoc on your roof, not to mention the safety issue. It’s also a good time to check your indoor pipes for insulation. It’s never a bad idea to place foam sleeves or insulation around indoor pipes, just in case.
Have you lined up snow removal? When the big storms hit, property owners often scramble to try and find somebody to plow parking lots and driveways. The rates these providers charge for last minute arrangements, if they are even available, skyrocket. Make a few calls now and line-up your service for the inescapable Albuquerque Lows headed your way.
Annual Smoke Detector Checks Protect Your Property Investment
Finally, it’s time for your annual smoke and CO2 detectors check. According to the U.S. Fire Administration, three out of five home fire deaths result from fires in properties without working smoke alarms. Each year, the American Red Cross responds to nearly 66,000 home fires — the biggest disaster threat to American families. Protect your property investments and your renters.
There are numerous property weatherization checklists available online. Now is a perfect time to winterize your rental property for the impending cold and weather. Act now and save yourself and your renters from big headaches and budget draining expenses later.