Home inspections are a key part of being a homeowner. They make sure everything is working how it should. Or they give you the opportunity to find the issues before they become major.
It's the same for a rental property. In fact, they may be even more important since you're not living in the house to see it every day. Landlords should pay close attention to these reports and make adjustments as needed.
If you're still unsure how important rental property inspections are, check out this guide. We'll cover all the benefits you'll see by having these surveys done regularly.
Boost the Rental Valuation
A rental valuation is key for a successful rental income. It's a key consideration when setting the rent prices for the space. And the better kept the property is, the higher it will be valued.
Regular inspections can help you see what kind of repairs or maintenance needs to be done. This is a great way to make sure you don't have a major hidden problem on your hands. Those are the kinds of issues that cost landlords a lot of money in the end, so it's key to avoid them.
Keep Maintenance on Schedule
Property inspections are a great way to signal handling some routine maintenance tasks. Changing filters, checking water softeners, and replacing fire alarm batteries are tasks that many forget. Tying them to the scheduled inspection appointment will ensure that they get done.
This is also helpful for the tenants as well. Instead of having their home interrupted twice, it can all get done at one time!
Improve Tenant Relations
Nobody wants to live in a place that needs a ton of property repairs, especially when renting. Tenants will feel frustrated if they see their landlord isn't taking care of their home. That makes it much harder to get tenants to renew their leases and stay longer.
Keeping up with repairs is an easy way to boost your tenant relations and show them you care.
Easy Documentation of Rental History
Record keeping is a huge part of being a successful landlord. It's important for accounting purposes and also for getting insurance coverage.
It can be hard to keep track of everything that's done in your rental property. Having regular inspections is a great time to document things about the home. You can keep a thorough history to look back on when needed.
All the Reasons You Need Regular Rental Property Inspections
Setting a schedule for your rental property inspections can make it all much easier. Too many landlords waste too much because they forget to get an inspection done.
Even better, you can have your property management team take care of it all for you. The best landlord advice is to surround yourself with pros who know how to make a rental successful.
That's our whole goal at PMI Daytona Flagler. We work with rental owners to manage their properties and make their jobs much easier. Our team handles everything from tenant screening to inspections. Schedule a free rental analysis today!
