Repair or Replace your Rental Properties AC? - Real Estate Investing

If you are a #realestateinvestor keeping your rental property expenses low leads to higher #cashflow and rental income for your #investmentproperty.

Rental property maintenance and repair expenses can eat up your #profit and lead to a low-performing investment.

As an owner of a property management company and real estate investor myself, I often deal with this question, "Should I Repair or Replace my Rental Properties Air Conditioner?"

Well, there are 4 Questions You Need To Ask Yourself to determine if you should repair or replace your #airconditioner

1. Age of the AC Unit
2. Cost of Repairs
3. Energy Efficiency
4. Overall Condition of the Unit

https://www.biggerpockets.com/forums/52/topics/371891-repair-or-replace-hvac-in-rental-property

For example, I recently came across this situation on a #duplex that I just purchased. Both units were about 10 years old and I knew that they would not last long, so as they started to have issues I decided to replace them instead of putting a bandaid on the problem.

Ever since I replaced the units, they have not had any issues or repair costs. I believe sometimes it is easier and more cost-effective to just replace the unit than to continuously repair it.

One thing that I recommend when deciding to make #rentalpropertyrepairs is to know your:

1. Budget
2. Tenant Needs

https://www.avail.co/education/guides/complete-guide-to-rental-property-maintenance/handle-rental-maintenance-request

As a seasoned #realestateinvestors I recommend having 3 trusted #actechnician and shopping around when it comes to rental property maintenance and repairs. Cheers!

#investmentproperty #repairs #jobin #invest #manage #profit

0:00 - Rental Property Repair/Replace Intro
0:45 - Invest, Manage, Profit
1:18 - 1. Age of the Unit
1:40 - 2. Cost of Repair
2:02 - 3. Energy Efficient
2:20 - 4. Overall Condition
2:42 - Real Estate Investing Summary

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