More than 122 million households in America currently rent their homes rather than owning them. So if you are looking for tenants for your property then you won't be looking for long!
However, getting people to rent your home is only half of the problem. You also want to know that they are looking after your property while they live there. This is where property inspections can help.
Want to know why these regular property visits are so essential for any landlord? Then you're in the right place. Read on to find out the benefits of property inspections!
Regular Rental Property Inspections Encourage Tenants to Stick to the Rules
Your tenancy agreement is a legally binding contract that contains rules for your tenants to follow. This might include:
- No pet policies
- No smoking policies
- Limitations on the type of decorating allowed
However, unless you check in on your property regularly, you cannot guarantee that your tenants are sticking to these rules.
Regular inspections encourage your tenants to stick to these rules. If they fail to do this then you also have grounds for eviction. So you can protect your property from potentially damaging behavior.
They Help Landlords Meet Their Tenants' Needs
As a landlord, you also have an obligation to maintain your property so that it is safe and comfortable for your tenants. Routine inspections offer tenants the perfect opportunity to discuss any issues that they have.
While this might not be your favorite thing to do, it also shows that you have performed due diligence when it comes to property care. This protects you from facing constructive eviction lawsuits.
Routine Maintenance Protects Your Property Investment
Buying properties to rent out is a big part of real estate investing. However, for your property investment to hold its value it needs proper care.
Property inspections give you the opportunity to check maintenance issues that your tenants might not have reported.
For example, they may not make an issue out of minor details, such as broken window sealants or drafts in the property. However, over time these can lead to dampness and structural damage to the building itself. If left untreated you could end up spending thousands of dollars to repair these problems.
Because of this, it is a good idea to assess the property for routine maintenance issues during an inspection. That way you know exactly what shape your property is in.
Hire a Property Manager to Look After Your Rental Property Today
As you can see, when it comes to renting out your property it is essential that you carry out routine property inspections. This ensures that your tenants are taking care of the property and that you honor your responsibilities as a landlord.
Are you struggling to commit to the responsibilities of being a landlord? A property manager will take care of these inspections and liaise with your tenants on your behalf. Get in touch today to find out how Austin Property Management can help you.
