A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO





A.D. Property Management
Our Business is Property Management in Orange County California


Property repairs shrink Landlords profit



Becoming a Landlord has many benefits, and many people get into the business to make a nice profit, but there are problems that do arise that many new Landlords have not budgeted for.

When a Tenant calls that first time and needs something to be repaired, a Landlord may break out into a cold sweat, especially if they are barely getting the bills paid and maybe just squeezing out a couple of bucks at the end of the year. As every experienced  Landlord knows, repairs are part of the business and you need to budget so much for repairs every year and hope that nothing major pops up.

How do you prepare


The question for Landlords is, how do you prepare not only for the cost of the repairs, but who do you get to do the job at a reasonable price. The first question, “How do you prepare for the cost of the repairs” is not real complicated, you need to take a piece of the monthly rent and budget that for repairs. If you do that, then when the call comes you will be prepared. Think of it like a “Repair Savings Account”. You use that account for repairs only, then at the end of the year, what is not spent is part of your profit.

The next question “Who do you get to do the work at a reasonable cost” is a more difficult question. When you decide to become a Landlord, you need to do some research for people who do repairs. The most common repair is for plumbing, and getting that job done right is important. First, if you have no experience with plumbers call your friends and find out who they use for their homes, then call those plumbers and see if they work for Landlords or Property Managers. If they are experienced with working on rental properties, then let them know what you are looking for. You are going to be better off with small independent companies. They will be more flexible with you on pricing and on availability. The larger companies are much more difficult to work with and much more expensive.

The key is a good Handyman

The next step is getting  a good Handyman. A good one is not easy to find, but when you do fish one out, they can save you a lot of time and money, not to mention relieve your stress. If you get lucky and find a good Handyman, they also should have contacts for other service providers and that cuts your work down to making one call when something needs to be done. Now a Handy man is usually not a licensed contractor, so you want to make sure, when something major needs to be done, you have it done properly.


For major repairs like roofing, is a different issue. If you are in the process of looking to buy a rental property, you need to make sure the roof has at least 10 years of life left. If you have a property and the roof needs to be replaced, make sure the roofer you find has been in business for many years and offers a very good guarantee. I want to stress that the roofer you use needs to have a very good reputation, because a guarantee is only as good as the company you use. If they go out of business, so does your guarantee.

Once you have your team together and once you get your “Repair Savings Account” all set up, you will not be taken by surprise when you get that call from the Tenant.  They say you should always have a positive attitude in life and never think about bad things that could happen, but in the Landlord business, you need to be prepared for the worst case scenario and your preparation will make sure your business is not destroyed by unexpected repairs.








A.D. Cantelmo Property

Management Specializes in Property Management in Orange County Ca.

Tenant/ Property Service
 
Marketing Property
We market your property on all the major Real Estate websites, including Zillow, Trulia, Realtor.com, and the Multiple Listing Service

Showing your Property
We make sure your Property is shown to all Qualified, interested parties. We never allow Unchaperoned shwings

Screening Tenants
We have a detailed tenant screening process. We run Credit, Criminal and Eviction checks. we check rental history, and use our more then 10 years of Property Management experience to place the Best Tenant possible in your Property

Open 7 Days a week

Contact Tony
714-313-7413
If you have hours that do not coincide with normal business hours, No Problem.


 

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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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