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Preventive maintenance refers to the practice of keeping in good state so that costly major repairs would be avoided in future.
Maintenance expenses can often be something that property owners want to avoid as much as possible.
So much so that some rental properties can often look like they have been neglected for years.
But experienced landlords can usually know that saving on small maintenance expenses would only mean incurring larger expenses for repairs later.
For example, if a cracked wall is not attended to and left to deteriorate over time, it can lead to various even more serious problem that would cost an arm and a leg to fix.
However, property owners can sometimes get away with major repair requirements when they fully intend to sell the property in the short term.
For example, if a rental house is planned to be sold in the next year, then it makes sense to let the new owner to take care of the repairs he would inherit than to spend money on it now.
This also implies that if an owner intends to hold onto a property for the long run, then it is best to practice preventive maintenance so that a much larger repair bill does not surface in the future.