All residential dwellings should have operating heat. In many counties throughout the States, laws are in place that require landlords to provide a source of heating for their tenants. Should that source be inoperable, the tenant may withhold rent. Rather than get into an unnecessary fight, make certain your home, condominium, or townhouse has an operating HVAC unit. This saves everyone headaches.
1. It’s the Right Thing to Do
Alongside the time and expense of an unnecessary fight, providing an operable heat source for your tenants is the right thing to do. Nobody should be cold during the winter months, and an old or malfunctioning unit might not heat the residence properly. This causes unnecessary discomfort and illness, as your body works harder to keep itself warm rather than spend that energy fueling your immune system to ward off colds and flu.
When you do the right thing, you also guarantee a happy tenant who is more inclined to pay his of her rent on time and renew his or her lease once it’s up. Any landlord knows that a good tenant is worth his or her weight in gold, and if you have someone in there who takes good care of your place, you’ll want to keep that person there as long as you can, so make sure the house is warm and toasty in the winter.
2. It’s a “Selling” Point
If you make certain you complete professional HVAC repair and maintenance between tenants, or owners if you’re planning to sell, you’ve just increased its advertising value. When you list your property for rent or sale, you can include the furnace maintenance in the listing. A tenant or buyer who knows that you have taken the steps to maintain the HVAC system annually knows he or she can count on it to be operable and safe. You’d be surprised how much this will sell your listing.
You’ll also be surprised how much it will secure you that coveted lease renewal from that good tenant. When you call your tenant in the fall to schedule the annual maintenance, the renter is assured you take the steps to keep the home in tip-top shape, and it cannot be stressed enough how important this is to those in rental situations. It makes sense if you think about it. You wouldn’t want to rent from someone who doesn’t take care of his or her property.
3. It Saves You Money
In some cases, you will include utility bills as part of the perks of renting your property; in other cases, you will designate that as the tenant’s responsibility. Either way, an efficient furnace saves you money. If you decide to pay the utility bills yourself, the less they cost you the better. Yes, you recoup that cost in rent, but you can pocket more if your heating unit is running efficiently. If your tenant pays the utilities, you’re still responsible for repairs, and a working unit prevents unnecessary maintenance calls.
These are three reasons why you should keep your heating and air conditioning unit in the best shape possible in your rental properties. It also pays off when you’re ready to sell, as the unit is part of a buyer’s consideration.