Any investor who wants to succeed in real estate must understand the importance of rental property inspections.
When owning a rental property, you'll be responsible for a variety of things to ensure it stays in good shape, including inspections. Without performing these inspections often, you may face a variety of issues that can not only affect your property but also its tenants.
PMI Property Management will help you better understand the importance of a rental inspection in this guide. Read on to learn more!
Check for Damages
One of the most important reasons to conduct rental property inspections is to check for damages.
Although a variety of things can cause damage to your property, an inspection will help you determine whether a tenant is at fault. For example, if there was bad weather recently and your roof is missing shingles, it's likely storm damage. However, if the area hasn't had bad weather, a tenant may have removed the shingles themselves.
Should a tenant notice damage anywhere, they should inform you immediately. This will allow you to make necessary property repairs that will increase the building's longevity.
Ensure Tenants Comply with Rules
Another thing that makes property inspections important is that they allow you to ensure whether a tenant is complying with the lease's rules.
To keep tenants happy, it's best to make them feel at home. You can do this by allowing them to have pets, paint the walls, install things, and more. However, if you're against something, you should outline it in the lease. When inspecting the property, you'll quickly find out whether they're complying.
If you want to maintain your property's appearance without being strict, you can instruct tenants to revert things to the way they were. For example, if a tenant paints the walls a different color, tell them to repaint the old color when they're about to leave the property.
Avoid Legal Issues
Not only do rental property inspections help you ensure a property is in good shape, but they can also help you avoid legal issues.
If a tenant were to get injured due to your negligence, they could sue you. Yet, when you handle property repairs immediately, you'll make your property much safer for tenants and prevent them from getting injured. You can ensure the property complies with local laws and regulations as well.
Performing regular property inspections also shows that you care for tenant safety, which can make building a good relationship with them easier.
Let Us Handle Rental Property Inspections for You
Conducting rental property inspections is a great way to manage your properties, but the process can be quite lengthy. Because of this, you should outsource inspections to PMI Property Management!
No matter what kind of properties you own in Murray, Utah, we can ensure that all of them are maintained at all times. This will allow you to save money while keeping tenants satisfied.
Reach out to us to learn more about rental property inspections and how we'll help you with them.