The biggest issue with rental properties is undoubtedly the A/C. This is a persistent problem that brokers can never fully eliminate.
And just to prove a point: currently, we are overseeing four A/C problems from different properties.
A/C units can become problematic for various reasons such as factory defects, they’re underpowered, and non-maintenance. However, the most common reason is their limited useful life, which is typically 10-15 years according to multiple sources.
Manufacturers like Carrier claim that “you can expect a good 15 to 20 years of cooling from a new high-efficiency air conditioning system.” However, it’s important to note that this lifespan applies to inverter A/Cs. Therefore, a 10-15-year lifespan is more realistic for non-inverter units.
Takeaways:
For landlords: Consider replacing A/C units that are over 15 years old to keep your tenants happy. Satisfied tenants lead to fewer turnovers, fewer vacancies, and higher profits.
For tenants: When choosing a rental, always check the condition of the A/C units. Avoid renting units with yellowish or visibly old A/C units.
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