MANAGEMENT | Maintenance

As we all know, we have to "invest in our investments" to keep them profitable! PRANDI is here to help maximize your profits while minimizing your expenses, and our Management Teams are here to help you facilitate with all the maintenance and upkeep!

| Pre-Maintenance Plan

On any home home, periodic work is necessary to maintain your investment property. This maintenance may also prevent major (and costly) repairs in the future. Do you have a maintenance plan for future years? It is not practical to bury your head in the sand and "hope for the best" when it comes to roofs, paint, carpeting, appliances, fencing, plumbing, electrical, air-conditioning, heating, miscellaneous repairs, and more. We can help you figure out the "living life" of all major items. By doing this periodic work as it needs attention, we can avoid all unnecessary (and major) rehabilitation that may have been. We this "preventative maintenance" approach to reduce expenses and stress!

| Long-Term Maintenance Plan

Long-term maintenance is all about getting ourselves prepared for those unexpected maintenance emergencies that will need immediate attention. Sometimes our owners need help budgeting out their expenses so that they can continue to make a profit on their investment home. Do you have a financial plan for your maintenance plan? Have you considered how you would cover expenses in the event of an eviction and loss of rent? What funds and coverage will you need if there is a fire? If a disaster happens, such as high winds, fire, or flooding, how will you sustain the property? Insurance may not cover everything; and we may find this detail out after the fact, when it's too late. We try to help keep you budgeted for those "in case of an emergency" situations. While we're here to help, we also want to make sure that you've talked with your bank or available financial institutions to look into what financing you should obtain. We also suggest that you establish an emergency fund in an interest bearing account. If something happens, you will have an immediate resource at your fingertips to use as necessary. You do not want to fall victim to the old adage, "fail to plan and plan to fail." Planning now can help prepare for the unexpected and we are here to help you with your investment property.

| Review Property Insurance Yearly

PRANDI requires all owners to have an insurance policy on their investment property; we also require that our owners have us named as Additional Insured on this property. We make sure that every insurance policy is renewed every year. While it's important for our owners to keep their insurance current in order to protect their investment, it's also important to know that this coverage will continue to protect your home in the long-run. No one wants to find out the coverage has expired or that it is inadequate in times of any unforeseen emergencies.