When you first purchased your heat pump, it might have come with a warranty for a certain period of time. If you do your research, you can find out about how long your make and model of heat pump is supposed to last. Even if the heat pump doesn't have any major problems after this time period, it might be time to start thinking about buying another one soon. If you're curious about why it's so important to replace rental unit heat pumps according to the recommended timeline, consider these reasons.

1. Maintain Your Rental Property's Value

When you first decided to purchase rental property, you probably did so with the intention of using that property as an investment. Right now, you might be making money off of the property in the form of rent payments. At some point, though, you might find that selling your rental property is going to be the best way to make a profit, such as if you get tired of being a landlord or if the real estate market in your area starts booming. If you do sell your rental property, you'll want to get as much for it as you can. Doing things like replacing the heat pump on the recommended schedule is a good way to maintain and increase your rental unit's value.

2. Keep Tenants Happy

Making sure that the heat pumps in your rental units don't become too old is a good way to make tenants happy. For one thing, you can pretty much count on your tenants not being very happy if their heating unit stops working all of a sudden, particularly if it happens on a cold winter day. A newer heat pump shouldn't break down as often, which can help you prevent this type of problem for your tenants. You may even find that some tenants are attracted to potentially renting your rental unit over their other options because of the fact that it has a newer and more reliable heating system, so you can actually use this as a way to market your property, too. 

3. Avoid Expensive Repair Costs

Keeping up with repairs and maintenance is one of the more expensive and difficult parts of owning rental property. Knowing when to replace various things, such as heat pumps, can help you avoid expensive repair costs.

If you have rental units, make sure that you replace the heat pumps in those units according to the recommended timeline. If you need help with determining this timeline, talk with a heat pump repair technician for more information.