After last weeks discovery of water damage under the kitchen sink, it was apparent at some point in past history, there had been a leak.
How could someone not notice?
Was it faulty plumbing? A case of brain fart in leaving a tap open or perhaps some other unknown event? Whatever it was, this event led to my contractors having to pull the entire cabinetry out to replace all of the sub-flooring along the kitchen wall. What a job and an unexpected added cost at that!
But this is my takeaway…
I will ensure that there is a bi-annual walkthrough built into my lease agreement to allow for inspections.
Things to look for: any items that may need to be fixed such as leaky faucets, toilets etc. I think this is a great idea for any landlord with rental properties.
A small issue may seem trivial to the renter, but for those responsible for the repair= big money down the drain. Protect your asset and your bottom line.
#wealthmindset #realestate #womeninrealestate #investor #sharingknowledge #invest #thejourney #growyourassets #multifamily #multifamilyinvesting #realestateinvestor #rentals #rentalproperties #houstonhomes #realestatetips #realestateadvice