Over 70% of property managers perform inspections, write leases, and do advertising.
Rental property inspections are a critical part of the property management process. They help you make sure that your rental properties are in good condition and up to code.
However, completing an inspection can be a time-consuming and complicated process. If you are not careful, you can miss important problems that could lead to costly repairs.
If you are wondering about the common pitfalls to avoid during property inspections, this short and simple guide is for you.
1. Not Explaining the Inspection Process
If you are not clear about the inspection process, tenants may feel confused and unprepared. They may also feel like they are being treated unfairly.
Make sure that your tenants understand what they can expect during the inspection. This helps prevent any confusion or misunderstanding later on.
2. Not Having a Checklist
A property inspection checklist is an essential part of the inspection process. It will help you keep track of the things that need to be inspected and ensure you overlook nothing.
The checklist should include all major components of the property. It should also include a list of issues that are minor and do not require immediate attention.
3. Not Taking Pictures or Videos
Taking pictures or videos of the property is an excellent way to document what you found. The pictures and videos can show the condition of the property at the time of inspection.
If you need to prove that there was a problem with the property, pictures and videos are essential. You should take pictures of all major components of the home, as well as other important features like landscaping.
4. Not Taking Advantage of Technology
Technology can save you time and money when inspecting a property. You can use a drone to take aerial photos of the property, which will show you its size and layout.
You can also use a thermal camera to check for signs of water damage, mold, or other problems. If you don't want to buy equipment, there are plenty of companies that will rent it out for you.
5. Not Filling Out an Extensive Report
Whether you are a landlord or work for a property management company, take the time to fill out an extensive report. You should include everything from the age and condition of appliances to any signs of water damage or mold.
You should also note any issues with each room, including their size, layout, and function. The more detailed your report is, the easier it will be for someone else to understand its condition and make any necessary repairs.
Rental Property Inspections: An Excellent Way to Evaluate a Rental
Rental property inspections provide valuable information about a rental. They can help you find problems, avoid costly repairs, and keep your tenants happy. If you own or manage multiple properties, it's important to perform regular inspections so that you don't miss any major issues.
33rd Company Property Management can help you with the inspection process. Contact us today to get started!