Property maintenance plan

Planned servicing, a year
34,800
Reactive repairs, a year
80,640
Maintenance, a year
115,440
Per unit, a month
80

Search volumes on this site are US monthly figures from our own keyword measurement; the documents and worksheets are built from the public sources named on each page.

Your numbers

The figures above start from a worked example (34,800). Change any input and the answer updates as you type, the way it will on the day the tenancy actually starts.

Download the Property maintenance plan worked example (CSV)

The Lettza workspace signed in, with a saved Property maintenance plan open for 118 Fairmount Avenue: eleven recurring and seasonal jobs with their frequencies and costs, four appliances with their ages and expected lives, an annual total of $4,260, and two jobs flagged as already past their next due date
Pro kept the plan against the property, so next year's calendar starts from the jobs this year's plan actually recorded.

The property maintenance plan worksheet turns the maintenance you know a building needs into a plan with dates and a cost: the property and its units, the recurring jobs and how often each falls due, the seasonal work and when it has to happen, the appliances and systems with their age and expected life, and what each job costs when you have it done. It returns the calendar of what falls due when, the annual cost, and the jobs whose next due date has already passed. It is a planning sheet for the person who manages the building; it is not an inspection and it does not assess anybody's condition report.

Where the constants in this tool come from

U.S. Census Bureau, American Housing Survey, the national survey of the housing stock and its occupants.

U.S. Census Bureau, Rental Housing Finance Survey, the national survey of who owns rental property and how it is financed.

IRS Publication 527, Residential Rental Property, whose recordkeeping section sets out what a rental owner is expected to be able to show.

What the person managing the let asks before running the Property maintenance plan

What belongs in a property maintenance plan? The recurring work with a frequency (heating service, gutter clearing, alarm and detector tests, filter changes), the seasonal work with a month, and the capital items with an age and an expected life so you can see what is coming. What does not belong is reactive repair: that is a work order raised when something breaks, and mixing the two is why maintenance budgets are always wrong.

How is this different from a property inspection? An inspection records the condition a property is actually in on a day, with evidence, usually at the start or end of a tenancy. A maintenance plan is forward-looking: what will need doing, when and at what cost. They meet at the point where an inspection finds something the plan should have caught, but they are different documents and Lettza only does the second one.

How do I cost a job I have never had done? Put in what your contractor quotes for it, not a national average. The worksheet is deliberately built on your own figures because maintenance pricing varies more by locality and by trade relationship than by anything else, and a plan built on somebody else's averages will be wrong in the direction that matters.

Lettza Pro

Keeping the rent against the tenancy that owes it

A worksheet answers the question in front of you and forgets it. A let does not forget: the lease has dates, the rent falls due every month, the arrears carry, and the work order raised in July is the one the owner asks about in October. Lettza Pro keeps every property, unit, lease and tenant, the rent charged and received against each, and every document rendered from that record rather than retyped into it.

  • Download the document as a file to send to a tenant or an owner
  • Your lease and rent roll without our name on them
  • Save a worked tenancy and open it again next month
  • Your business name and logo on every document you print
  • Take every property, lease, ledger and document out at once
  • Email the invoice, receipt or reference letter straight from the record
  • Take rent by card or bank debit through your own Stripe account
  • Send what you collect to your accounting software instead of retyping it

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