Neglecting property maintenance can lead to costly repairs and tenant dissatisfaction. Here are common mistakes and how to avoid them:

1. Ignoring Small Repairs: Minor issues like leaky faucets, cracked tiles, or peeling paint can escalate into expensive problems if left unchecked. Address repairs promptly to prevent further damage.

2. Skipping Regular Inspections: Routine inspections help identify potential issues early, saving time and money. Schedule seasonal inspections to check for weather-related damage, pest infestations, or wear and tear.

3. Using Unlicensed Contractors: Always hire licensed professionals to ensure quality work and compliance with regulations. Unlicensed contractors may offer lower rates, but their work could lead to safety hazards and legal issues.

4. Neglecting Seasonal Maintenance: In Canada, prepare your property for harsh winters by inspecting heating systems, sealing windows, and clearing gutters. Regularly check the roof, insulation, and plumbing to prevent freezing pipes.

5. Poor Communication with Tenants: Keep an open line of communication to address maintenance requests quickly and efficiently. Provide tenants with clear instructions on how to report issues and set expectations for response times.

6. Overlooking Preventative Maintenance: Regularly service HVAC systems, water heaters, and other essential appliances to extend their lifespan and improve efficiency.

7. Failing to Budget for Maintenance: Set aside a portion of your rental income for unexpected repairs and routine maintenance. A good rule of thumb is to allocate 1-2% of the property value annually.