High quality painting for rental properties: Why it is IMPORTANT . . . and how it saves you money. Let’s face it. Taking care of rental properties is expensive. There’s just no way around it. Especially when you are managing a 10,000+ square foot multi-family residence. There’s roofing, electrical, plumbing, flooring, pests, and the list goes on. I don’t know any of these trades the way I know painting, but I do know that one quick way to spend more money is to . . . spend less money.
What did he say? Let me clarify.
It comes down to long-term vs. short-term. In our fast moving, unpredictable world, we have become primarily concerned with the short term. The thing is, most of the time, unless you get really lucky, short-term savings end up creating long term cost increases.
I learned this lesson three years ago. The 12” double bevel sliding compound miter saw at Harbor Freight for . . . $129 (!) just could not be resisted. Similar saws are $600 and even entry-level comparable saws are $200. Could it be? Well, I can always return it. Should I? A weak moment took me over and I took it to the counter. I took that saw home and it was great – For about a week. Then the fence (some kind of steel and sawdust composite I would guess) just snapped. Steel! And I don’t even know how. I immediately took it back and they were kind enough to take it back, even after claiming that part wasn’t covered in the warranty. I went right to Home Depot and bought a saw at twice the price. Guess what. 3 years and still cutting like a knife through butter. One week vs. three years. Hmmm. Not really missing that $130 now.
That’s the last time I fell for the myth of saving money by going cheap.
As this applies to painting for rental properties, think of it this way. In the race to the bottom, there are lots of folks who can get the job done cheap. I’ve seen these paint jobs. I’ve fixed these paint jobs literally 1 year after they were done. Do you think those property managers were happy they saved some money, only to have to redo it a year later? Now, that’s an extreme case, but valid nonetheless.
Are you in this for the long run? You want to save money in the long run? You can’t get the best and pay the least. You can’t buy a DeWalt for the price of a Chicago Electric and paint jobs are not returnable. A cheap paint job is going to cost you more in the long run and to make matters worse; it’s going to look not-so-great in the meantime.
Short-term savings = long term cost increases.
Short term investments in quality = long term savings.
It’s a harsh reality to face when the deciding moment comes, but 5, 10 years down the road, you’ll be glad. And so will your tenants, investors and colleagues.
Brotherhood Painting for Rental Properties
Since 2003, Brotherhood Painting has become known in Medford and the Rogue Valley for our exceptional ability to make clients happy. As we’ve experienced incredible growth over recent years, we’ve moved into exclusively serving owners and rental property managers of large residential properties such as condominiums, townhouses and apartment complexes.