Stick to a regular cleaning schedule for fixtures such as air ducts, pools and exterior siding to ensure that dirt, mildew and other buildup does not cause any damage. Clean and replace filters in heating and air conditioning units, as well as appliances such as washing machines and dryers, to prevent fire damage. New or cleaned filters also help to keep electricity costs down, as the appliances can operate more efficiently with an unrestricted flow of air.
Bring pest control specialists into your condominiums at least once per year, even if your tenants have not complained about pests. Common pests such as cockroaches and termites can increase their populations rapidly and can quickly infest an entire property, causing extensive damage to interiors and electrical infrastructure. Act proactively to ensure that pests do not gain a foothold in your properties, and respond quickly to any pest complaints.
Test emergency equipment such as sprinkler systems, smoke alarms and fire extinguishers to ensure that they remain in working order. Properly maintained safety equipment can prevent a small mishap from becoming a major disaster. Consider hiring a third-party service provider to audit your safety systems to ensure that they go above and beyond minimum state requirements; it can be well worth the extra investment in the case of a fire or other damaging event.
Reapply all sealants at least once every 5 years. Sealants such as deck waterproofing, exterior paint and window caulking can corrode over time, exposing your property to the risk of internal damage. Reapplying these substances every few years not only helps to keep your structure strong, it can also cut down on energy and repair bills in the future.
Set aside an ample budget for preventive maintenance procedures at the beginning of each year. If you try to save money by scrimping on preventive maintenance expenditures, you may save a small amount in the short run, but you stand to lose a much larger amount when a full-scale repair or replacement is needed. Set aside enough money to spend wisely on preventive maintenance without cutting into your operating budget.