Teso Property Management

How To Properly Gauge The Average Cost Of Rental Property Maintenance

Cost Of Rental Property Maintenance in Ellenville

Many property owners often ponder questions such as “What if the expenses for maintaining rental property are high?” and “Is it better to personally handle property maintenance or hire a team?” The responses to these queries vary, and it’s crucial for landlords to discern when to engage in do-it-yourself efforts and when to enlist professional assistance. Property owners face the potential challenge of becoming perplexed when minor issues swiftly evolve into major damages. This article aims to provide guidance on making informed decisions regarding property management.

What is Property Management?

Property management is a comprehensive service that involves overseeing and maintaining real estate on behalf of property owners. This multifaceted role encompasses various responsibilities, including tenant relations, rent collection, property maintenance, and financial management. A skilled property manager serves as the intermediary between property owners and tenants, handling day-to-day operations while ensuring the property’s value and profitability. From marketing vacant units and conducting tenant screenings to addressing maintenance issues promptly, property management aims to streamline the rental process for both landlords and tenants. Ultimately, the goal is to optimize the property’s performance, fostering a positive and sustainable real estate investment.

Property Maintenance Management

It is about how landlords manage their property whether by themselves or by hiring professionals to do the managing for them. Real estate poses significant challenges, particularly for novice landlords, and maintenance can present difficulties. Essentially, there are two approaches, each with its own advantages and disadvantages: self-property management and professional property management.

Self Property Management

Managing your own property can be a rewarding journey that puts you in control of your real estate investment. In the realm of self property management, landlords take on the responsibilities traditionally handled by property management companies. This empowering approach allows for more direct involvement in the day-to-day operations of your rental, fostering a deeper connection with your investment.


  1. Cost Savings: One of the primary advantages of self-property management is the potential for significant cost savings. By handling tasks such as tenant screenings, maintenance, and marketing yourself, you can avoid paying management fees to a third party.
  2. Direct Control: Managing your property allows you direct control over decision-making processes. You can set your own rental rates, choose tenants based on your criteria, and implement changes without the need for approval from a property management company.


  1. Time and Effort: Self-management demands a considerable time investment. From advertising the property and conducting screenings to handling maintenance requests and lease agreements, each task requires your attention. For busy individuals, this can be overwhelming.
  2. Legal Knowledge Required: Navigating the legal landscape of property management can be complex. Landlord-tenant laws, eviction procedures, and fair housing regulations vary by location. Without proper legal knowledge, you may inadvertently make mistakes that could lead to legal issues.

Whether you choose to handle everything on your own or seek professional assistance, the key is to make an informed decision that aligns with your goals as a property owner.

Professional Property Management

In the realm of real estate investment, the decision to manage your property independently or enlist professional property management services is pivotal. Here, we explore two significant advantages and disadvantages of opting for professional property management.


  1. Efficient Operations: Professional property management brings a streamlined approach to day-to-day operations. From tenant screening to rent collection, the experts ensure a seamless and efficient process, freeing up your time for other pursuits.
  2. Expertise and Industry Knowledge: Engaging professional property managers means tapping into a wealth of industry expertise. These professionals are well-versed in local real estate laws, market trends, and effective marketing strategies, providing invaluable insights to maximize your property’s potential.


  1. Cost Considerations: One notable drawback is the associated cost. Professional property management services typically come with fees, impacting your overall rental property profitability. However, many investors find the benefits outweigh the expenses.
  2. Reduced Control: Entrusting your property to professionals means relinquishing some control. While this can be advantageous in terms of time and stress management, it might be challenging for those who prefer a hands-on approach to their investments.

However, the decision to engage these services should be carefully weighed against associated costs and the potential for reduced control. Balancing the pros and cons ensures that landlords make informed choices aligned with their investment goals.

Things You Need To Know as Property Owner

As a property owner, navigating the responsibilities that come with real estate ownership requires a solid understanding of key factors. First and foremost, staying informed about local property laws and regulations is crucial to ensure compliance and avoid potential legal issues. Additionally, maintaining open communication with tenants fosters a positive landlord-tenant relationship, addressing concerns promptly and efficiently. Financial literacy plays a vital role; budgeting for property taxes, insurance, and maintenance helps ensure a stable investment. Regular property inspections are essential for identifying and addressing maintenance issues early on, preserving the property’s value. Lastly, embracing a proactive approach to property management, including routine maintenance and timely repairs, contributes to tenant satisfaction and long-term success as a property owner.

Tenants Can Help

In fostering a harmonious landlord-tenant relationship, collaboration is key, and tenants play a pivotal role in maintaining a positive living environment. Encouraging open communication channels enables tenants to report issues promptly, allowing for swift resolutions. Responsible tenants who take ownership of their living space contribute significantly to property upkeep, performing small maintenance tasks and promptly reporting concerns. When tenants embrace a sense of community within the property, it creates a more pleasant living atmosphere for everyone. Beyond their individual units, tenants can play a crucial role in enhancing security by staying vigilant and looking out for their neighbors. A proactive tenant community not only ensures the longevity and aesthetic appeal of the property but also establishes a cooperative and respectful living environment that benefits all parties involved.

Good Company Research

Conducting thorough research on a property management company is paramount for successful and stress-free rental property ownership. A good company excels not only in administrative tasks but also in tenant relations and property maintenance. Start by scrutinizing online reviews and testimonials to gauge customer satisfaction and the company’s reputation. Dig into their track record, assessing their ability to handle diverse property types and any specialized services they offer. A transparent fee structure and robust communication channels are indicative of professionalism. Evaluate their technology integration for efficient operations and tenant convenience. Lastly, engage in direct conversations with the company to understand their responsiveness, flexibility, and commitment to your property’s success. By delving into these aspects, you ensure that your rental property is in capable hands, fostering a harmonious landlord-tenant relationship and maximizing your investment returns.

Rental Property Maintenance in Ellenville

Repairs and maintenance for a rental property in Ellenville are one of the things landlords should do whether it’s a residential home or a commercial building. Just like doctors would say “Prevention is better than cure”.  You need to take care of your property just like how you take care of your health.

  • Average Cost For Property Maintenance

It’s hard to fully say that there is only one way to figure out the maintenance budget for rental property. There are many strategies and formulas given by experts to landlords and these are some of them.

  • 5x Rule

Experts say if you multiply your rent by 1.5 then that is the amount you need to pay for yearly repairs.

So if you have a $2,000 rent then you’ll pay $3,000 annually for repairs.

  • 1% Rule

Others claim that 1% of your property value will become your yearly maintenance cost. So if you have a property value of $230,000 then you need to pay $2,300 for your maintenance yearly.

  • Square Footage Formula

This theory believes that you need to pay $1/ square foot of your home. If you have a 3,300 sq/ft home then your maintenance cost for the year will be $3,300.


Remember that there’s a significant distinction between replacement and repair. Constantly opting for replacement can lead to higher expenses on your property. In the realm of rental properties, the newest option may not necessarily be the superior one.

These equations guide landlords in determining the average maintenance cost for their rental properties. It’s crucial to have a transparent understanding of your anticipated expenses, considering other influencing factors. Regular maintenance prevents minor issues from becoming major problems. By keeping your tenants satisfied, you also ensure your own contentment as a property owner.

Property Maintenance Management Quotation

Teso Property Management caters not just managing tenants and rents, but also caters your property maintenance. If you are looking for rental property in Ellenville, call us at 845-647-5868 for a quote!