One of the most common questions that we’ve been asked by our clients over the years is what should they replace in their rental property after they’ve purchased it.
This is an important question to ask because, you want to start out right with your rental property and making the following changes before you rent the property will save you time, money and the hassle of having to change these things later on.
Change the Toilets in The Property
Even though the toilet may look new, it could be leaking water and it’s possible that the water leak may increase your bill ten times or more compared to what it may be right now.
To avoid the shock of getting an inflated water bill due to a leaky toilet it’s best to replace both toilets in the rental property now.
This is something that every owner can do themselves and it’s an affordable thing to replace since most toilets these days cost under $500.
Replace Locks
Yes, you should always replace the locks on a property after you’ve purchased it even if they look new because you don’t know who may have made themselves a key in the past and would be willing to invite themselves back into the property later.
If the former owner confirmed that the locks were recently replaced, you can hang onto those locks and use them on your next rental property, that way you don’t have to purchase a new set of locks each time you but a new property.
Replace Fire Alarms and Extinguishers
Last of all, but most important, you should also replace the fire extinguishers in a property as well before you decide to rent it out because those safety items could be decades old and you want to have confidence that they will work correctly should a fire break out at the property.
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Ready to stop managing your rental property yourself? Contact Martin Property Management by calling us at (617) 957-0166 or click here to connect with us online.
