Winter’s Almost Gone ! (we hope) March 2019
It's been one of those winters. I hope the snow is behind us.
I just wanted to pass along a couple of reminders, before Spring pops up.
Please check your furnace filter. A recent event demonstrated not changing a dirty filter can be expensive. The good news is that we did not have to replace the furnace, but the bad news was the repair cost of over $800! This should have been avoided if only the filter had been regularly replaced. Remember that you are not responsible for the maintenance/replacement of appliances, but when an unexpected (and avoidable) repair comes up, we factor in the monetary adjustment in future rent increases, and it has always been our goal to keep these to a minimum. We are taking filter replacement under review, as to how to guarantee that all furnace filters are replaced regularly. At this time, you are responsible for changing the filter. We are looking at what it would take for us to assume that responsibilities, or supply the filters. There are so many filter choices available, but we will strive to put a policy in place before fall. Your input would be greatly appreciated.
Spring is our goal for Lease renewals, and the majority of the properties will be renewed in the next 3 months. Current market conditions are strong in the rental market, and costs continue to increase. We are looking at an average rent increase of 3% this year. This will still insure that all properties are renting 10-20% below market, and with your help we will continue to keep your rents affordable.
One more month and we will be initializing the sprinkler systems. Please be vigilant and let us know if you see water accumulating in areas, or shooting out of the ground. Please remember that the company pays for water, unless there is negligent situation that a tenant does not make us aware of immediately. Please contact us if you have any questions.
The Website address is WWW.MgtCon.com.