How to Handle Rental Properties with Oil Heat
In today’s article, we’re going to be talking about how to deal with tenants and units that have oil heat. This is different from gas heat because there’s a tank. This tank needs to be filled with oil, or the heat. Or maybe the hot water. Or both won’t be able to actually provide…
In today’s article, we’re going to be talking about how to deal with tenants and units that have oil heat. This is different from gas heat because there’s a tank. This tank needs to be filled with oil, or the heat. Or maybe the hot water. Or both won’t be able to actually provide the necessary service for the tenants. That’s not what we want.
#1 We will include tank filling in all contracts and leases
We’re going to put it into all of our contracts and leases that the tenants are going to be responsible for making sure that the tanks are filled and then if anytime the tank goes empty and it needs to be reprimed which is what happens when a tank gets emptied, it has to be put back into the system, and the system has to be started back again. They’re going to be responsible for that cost.
#2 We will make sure that there’s oil in the tank during tenant transition
We ask that our tenants leave no less than an eighth of a tank that way upon the transition of a new tenant, they’re not stuck with no oil and having to pay and reprime that.
#3 We will make sure that the delivery service provides heating system as well
A lot of the discount oil delivery companies don’t do repairs in general on any properties that they don’t deliver oil to. However, if you have a bigger company such as Devaney or McFarlane, they also have a service department. Now, these companies will not service if they do not actually deliver oil. So that’s a really tricky situation so make sure you don’t want to put yourself in.
#4 We give our tenants options for vendors
We always ask and we give our tenants three different vendors that we have ties and networks as well as experience with them. What ends up happening is that we ask them to get delivery from them. So if and when a repair or an issue happens, they can actually go and service the units for us. That’ll help you avoid being stuck with no type of service agreement.
#5 We can help you schedule services in advance
Just like any other type of heating system we can get it serviced prior to the winter. We’ll try to do that. It’s even more important with the oil system because they can get clogged, the filters need to be changed, and it’s just a higher chance than what we’ve seen with our gas heating systems.
If you or anyone else you know is looking for a proactive property manager that can help guide you through situations such as tenants or units with oil, please think of Green Ocean Property Management, where you get more than a property manager, you get peace of mind.
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