Property inspections are a critical component of maintaining a high-quality rental property. They help catch small problems that can become costly and make it easier to keep tenants happy and secure.
When performed regularly, property inspections can be a great way to build trust with your tenants and establish a professional relationship. They also give landlords the opportunity to address issues prior to a tenant moving in, which helps avoid future damage claims by the tenants. However, it is important to be sure that your tenants understand the purpose of your inspections and agree to them before they move in. It is also a good idea to have them sign a written document outlining your expectations and how they should prepare for your visits.
If you’re thinking of selling your rental property, routine inspections can provide a clear, accurate perspective of the condition of the house. This allows you to list the property with confidence and potentially attract more interested buyers. It also gives you the ability to negotiate a lower price if necessary because you’ll know what repairs or issues need to be addressed.
Landlords must be sure to follow their local laws and their lease agreements when scheduling property inspections. Generally, they must give a tenant a certain amount of notice before entering the property (usually 24-72 hours). It’s also important to make sure that you or your inspector take pictures of any damage found and that you document the time and date of the inspection.