Keeping tenants satisfied, is fundamental to responsible property investing. However, there are a couple of renters you should avoid at all costs – condensation and mould.
Condensation may not seem a particularly bothersome problem, but it can cause damage to your investment property, and indirectly impact the health of your tenants. Any harm, intentional or otherwise to your tenants, could be your responsibility.
Shower screens and windows are the usual suspects for condensation, while cooking, washing, showering, and even our breathing create vapour too. Still can’t understand the big deal?
If your property seems to experience consistent condensation issues, you could finish up contending with relentless mould growth. Mould is fungal growth, which is not only an unpleasant problem for tenants but can damage your investment asset.
Mould produces tiny particles called ‘spores.’ If inhaled by people who are sensitive or allergic to spores, health problems may develop. These problems can include a blocked nose, eye, and skin irritations, and sometimes wheezing. Occasionally, people may have more severe reactions – mould can trigger asthmatics.
Keeping condensation and mould at bay has it challenges. But with some clever strategies you can protect your investment asset and your tenants from these dual hazards. Anti-mould measures include checking the roof for leaks and broken tiles and making the necessary repairs as soon as possible.
Also, fix leaky toilets and confirm the seals in bathtubs and the kitchen and bathroom sinks are intact. Mend swollen or crumbling walls and remove buckling floorboards.
Keep the investment property warm with insulation, draughtproofing, and heating systems or fans where it's viable. It's also possible to stop mould growth with a coat of fungicidal paint – just be sure to strip back the affected areas first.
Mould and condensation issues triggered by structural faults or leaks are usually a landlord's responsibility, so it’s essential you take the appropriate measures.
If you have any questions about attacking mould and mildew in your investment property, contact your Raine & Horne property manager for advice.