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Halime Soylak

Set aside a yearly repair fund

AI illustration of a floor plan and keys on a property planning desk
Every rented home has parts that wear out on their own schedule. AC compressors, water heaters, pumps and the repainting between tenancies all arrive eventually, and they rarely arrive at a convenient moment. Make a list of the main items in your property with their approximate age and the date of their last service, so you can see which replacements are coming over the next few years. Then set aside part of each rent payment in a separate account kept only for repairs. Say the water heater in your Al Shamkha villa is several years old: when it fails, the money is already there and you can replace it the same week. Planning replacements before they fail keeps your tenant comfortable and spares you a rushed decision. Prepared by Masterpiece Property. AI-generated illustration, not a photograph of an actual property or project.

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