Hiring a property manager is one way to reduce the stress and time involved with being a landlord in Schaumburg, Illinois. These professionals can assist you with a wide range of services, including property repairs and maintenance.
Their expertise can help ensure you find good tenants, comply with local laws, and avoid costly vacancies, but they don't pay for property repairs.
Read on to find out more about who pays for rental property repairs in Schaumburg, Illinois.
Landlord Repair Responsibilities
According to Illinois landlord-tenant laws, the property owner must keep their rental home in a safe, habitable condition in line with prevailing building codes. This means you must keep the following in excellent working order at all times:
- Roofing
- Plumbing and electrical systems
- Weatherproofing
- Safety equipment
You can ensure these items stay in good condition with effective property maintenance coordination, but breakdowns are bound to happen at times. When you hire a property manager, they will check on these important aspects during routine property inspections and arrange for maintenance and repairs when required.
The landlord pays all the costs related to maintaining their property, except in very few circumstances.
Do Tenants Pay for Repairs?
Tenants have few responsibilities regarding the upkeep of a rental unit, apart from keeping it clean and sanitary. The tenant must pay for the repairs if they cause property damage beyond reasonable wear and tear.
If they don't, the landlord may deduct the cost of the repairs from their security deposit. You can evict a tenant if they cause extensive damage to your property or break any lease agreement terms.
If the landlord does not attend to their tenants' repair requests within 14 days, the tenant can pay for the repairs themselves and deduct the costs from their rent.
How Do Property Managers Handle Repair Payments?
Property manager fees don't include repair costs, but they can speed up the repair process by paying these extra fees on your behalf. They will send you the invoice for payment with your monthly owner statements or deduct the amount from the rental amounts owed to you.
Alternatively, you can pay the necessary costs directly to the contractor after you approve the repairs.
It's wise to set up a fund for property repairs and maintenance. This will help buffer you against major repair expenses.
Some landlords allow their property manager access to this account up to a certain dollar value. This allows them to streamline property repairs, as they don't need to wait for approval from the landlord for minor repairs.
Hire a Property Manager in Schaumburg, IL
Property managers can do much to ensure the value of your property by attending to repairs and maintenance promptly, but the landlord always pays for these repairs.
PMI Chi-Town property managers offer a full range of property management services to help you avoid costly vacancies and profit from your rental units. We are backed by over 20 years of experience, and our team is committed to providing you with the best possible service.
Get on board with Schaumburg's leading property management company today.
