Keeping your rental properties in good condition is always a good idea, since a properly maintained unit encourages tenants to stay and will attract new ones, if needed. Considering its importance, how do you make sure your properties are maintained properly? The short answer is “by conducting regular property inspections.”
Periodic property inspections play a crucial role in your business, since you won’t want to miss anything during your visits. Admittedly, this is easier said than done, so you should have a landlord inspection checklist to remind you of the things you need to check on.
It may sound like a huge hassle to inspect all your rental properties one by one, but there are a few key reasons why you should do it.
First, rental property inspections allow you to assess the condition of your property. Does the tenant take good care of the property? Is there anything that needs repair or improvement? Is the property properly prepped for the upcoming season? You’ll get the answers by doing a routine inspection.
Second, property inspections allow you to spot any damages. By inspecting your property on a regular basis, you can identify which damages resulted from normal wear and tear against those that were brought about by the tenants’ actions.
Finally, this practice will strengthen your relationship with your tenants. Inspecting the properties, which they now call their home, will let them see that you don’t just care about their money, but also their living conditions.
Here is a simple step-by-step process to quickly and effectively assess your properties.
Take note of the general condition and describe any damages and/or defects (if any) on the walls, ceiling, and flooring. Inspect the doors and locks, windows, lighting and electrical fixtures, heating and cooling system, storage, and shelving.
Specifically, check the condition of the following:
Kitchen:
Bathroom:
Miscellaneous:
Note: Adjust your checklist depending on the kind of property you have.
Move-In inspections are not much different from regular inspections, aside from the fact that you’ll be doing them with a new tenant and that you have to pay more attention to details.
Conducting move-in inspections with your new tenant is important for establishing a baseline for the property. Meticulously recording each and every detail will help you determine if any damage has been caused by the tenant during their stay.
When should you do it? Ideally, move-in inspections are conducted before the tenant actually moves in, while there are no furniture that will get in the way.
Here are some of the most important things you need to check during a move-in inspection:
If you’re curious about move-out inspections, it’s basically the same as move-in inspections. Landlords should bring the move-in inspection checklist and the routine inspection checklist so that they can easily compare any changes in the property.
Any damages that were not there during the move-in inspection which are not a result of normal wear and tear can potentially be attributed to the tenant’s actions. You can talk to them and have them take accountability for the damages.
Managing rental properties can be a tough job – especially if you do it alone. Thankfully, there is an easier way to get things done. You can hire a professional property management company to do the job!
At Tenant Planet, we make everything better to guarantee your success. We aim to revolutionize the industry to make your investment work for you.
If you are interested to learn more about us and our services, please visit our main website or request a proposal. You may also email me at parker@tenantplanet.com for your questions or comments.
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