Winter is here in Minnesota. That means preparing all of your condos and rental properties for the impending snow, ice, and freezing temperatures. It is vital that you protect your property and keep your renters safe throughout the entire season. You may have several items on your list already, but below are some of the most crucial projects you should undertake to manage your property.
HVAC Inspection & Maintenance
One of the simplest more affordable ways to keep all the HVAC systems running in your rentals is to hire a heating and cooling technicians to make the rounds with proper inspections and maintenance of the units. An assessment may also include looking at the ducts, vents, and anything associated with the system.
Clean all Chimneys and Flues
The buildup in the chimney can cause smoke to billow throughout the house instead of out the chimney opening. If this happens several times throughout the year, it can discolor the walls and ceiling of the rental property. Cleaning the chimney and flue also minimizes the chances of fire when your tenants are using the fireplace in the winter.
Plumbing and Fixtures
You’ve probably already checked the plumbing in all your facilities to prepare the pipes for the winter. Still, it’s a good idea to do a mid-winter check to make sure that there are no leaks, cracked pipes, or ice gathering anywhere along the system. The last thing you want is for any occupants to go without water even for a night. We recommend that you check the system in late December/early January.
Tree and Plant Trimming
The ice storms in Minnesota cause small and large branches to fall from trees onto the roofs of your properties. It’s probably a good idea to trim the trees back. Ice on trees can damage roofs, grounds, electrical wires, and cars. A good trim will keep those dangling branches from crashing down on the property.
How are you making the winter safe for your renters? For instance, do you need to repair any handrails, steps, or walkways on the property? Is there proper lighting all around the facility? Do all access codes and security systems work? Is there anything that would hinder a tenant from getting inside their home or condo when the temperature is below freezing?
Is Your Reserve Study and Accounting Up to Date?
When was the last time you reviewed your Gassen reserve study and went over your accounting? One of our specialists can sit down with you to discuss how much money you’ve set aside to fund these projects. We can give you updated accounting reports and make sure all your records are accurate and up to date. By adequately budgeting for the above items, you can make sure that there is enough set aside so that they don’t affect your current business finances.
Gassen is Ready for Winter. Are You?
If you have not completed all your winter projects for your HOA or rental properties, then don’t delay another minute. Gassen financial experts can provide you with all the resources, tools, and contractors you need to maintain your property during the cold season. Give us a call today at 952-922-5575, or you can message us on our contact page to set up your next consultation. We offer comprehensive accounting, property management, reserve studies, and real estate listings for HOAs in Minneapolis and St. Paul, Minnesota.