It's important for every renter to inspect the property before they move in. This is their way to make sure everything is in order and meets what the contract says.
After they've moved in, it's just as important for landlords to hold regular rental property inspections. These should happen at least once a year. But often needs to be done a couple of times a year to keep up with demand.
For many landlords, these inspections feel like more work than they're worth. But that's simply not the case. Check out these benefits you can see from getting it done often.
Forces Scheduled Maintenance
The hardest part about keeping up with the condition of a property is scheduling. Maintenance tasks often go undone because other things get in the way. But when you have inspections scheduled, you can do both at the same time.
A tenant is responsible for some maintenance but a lot of it falls on the landlord. Taking care of some smaller tasks, like changing air filters, during these times makes it much easier.
Catching Damage Early
Property damage is the enemy for landlords trying to keep a rental nice. Sometimes it goes unnoticed for too long and becomes a major problem. The best thing is to catch it early so you can fix it quickly without issues.
When you are performing regular inspections, you'll have the chance to see just that. Make sure you have a checklist of common problems that you should look for.
Keeps Up with Safety Measures
In order to have a compliant property, you have to keep up with safety measures. That means changing the smoke detector batteries, along with many other tasks.
Regular inspections help you stay on top of those things every year. Instead of wondering when the last time any of it was done, you'll have a clear record to check.
Strengthens Property Values
A landlord's goal is to create a property portfolio that's going to make them as much money as possible. And they need high property values to do that. Keeping up with inspections is a great way to make sure that's exactly what happens.
Inspections can help keep your maintenance costs low as well. Since you'll be managing smaller issues that haven't grown into major problems, repairs will be cheaper. And that's always a win for landlords!
Benefits of Having Regular Rental Property Inspections
The state of the property has a direct impact on how much profit you're able to make. A rundown property isn't going to allow you to charge as high of a rent.
Keeping up with regular rental property inspections can help make this happen. And bringing in a property management team can make it even better. They'll handle everything, so you can just enjoy the benefits.
At PMI Minneapolis St Paul, we're dedicated to helping property owners have the best experience. We work hard to create a good experience for each customer. Schedule a free analysis to see what we can do!
