Property investing can be a great way to earn a passive income. Unfortunately, even this income strategy does have some downsides. Managing a property and liaising with tenants can be challenging, especially if these tenants need more regard for the building they rent.
If you are a property owner, then working with a property inspector is an absolute must. Through rental property inspections, these professionals can make it much easier to take good care of your property and prevent unpleasant disputes. Let’s take a look at how they accomplish this.
What is a Rental Property Inspection?
A rental property inspection is a type of inspection that is carried out on rental properties. During these inspections, the condition of the property is checked out to see if the property is being properly maintained or to identify potential damages that might require some repairs.
Reasons to Get Rental Properties Inspected
Getting your buildings inspected regularly can offer many benefits, especially if you are entrusting your beautiful buildings into the hands of a stranger. Here is a quick look at some of the leading benefits of these types of inspections.
Maintain a Professional Front
It isn’t a good idea to do property inspections on your own. As a building owner, you might not know how to properly identify potential flaws in a building. Tenants will also feel like their privacy is violated if property owners come and go as they please. By hiring professionals, you will maintain a professional front as a landlord and you can avoid disagreements.
Maintain the Condition of the Property
All buildings require regular care and maintenance. As we use buildings, and as these buildings are exposed to the elements, their materials or paint coats can wear down. It is important to do regular inspections so you can see when repairs or upgrades are needed.
It is best to get all of your property investments assessed every year. These inspections will give you a good idea of the condition of all of your properties or highlight any potential flaws and damages the property might have.
With this information, you can effectively plan out building maintenance throughout the year and keep your rental properties in the best shape.
Accurate Assessments Before Tenants Move In
It is always good to get a property survey done before allowing tenants into the building. This is especially important if you expect tenants to put down a large rental deposit before moving in. Your tenants will get a detailed report on the exact condition of the entire building. This can encourage them to maintain and care for the property for the duration of their stay.
Accurate Assessments When Tenants Move Out
When tenants move out, you should get the property inspected before paying out their rental deposit fee. The property assessment will inform you of anything that the tenants might have damaged or broken and you will be able to deduct the repair costs off the rental deposit fee. This can be a huge help when it comes to keeping your building repair costs under control.
Identify Destructive Tenants
It is recommended to do annual property inspections on the properties of long-term tenants. Some tenants can be extremely destructive and can cause a lot of damage to your building while they are residing there. With annual inspections, you can identify destructive tenants and terminate lease contracts to prevent further damage to your property.
Rental Property Inspections in Melbourne
Every landlord should work closely together with a property inspector like Guardian Building Inspections. Our property inspectors can help you determine the condition of your properties so you will know where improvements are due and so you can easily identify destructive tenants.
With Guardian Building Inspectors your rental properties will be safer and you as a landlord can stay professional when things go wrong.
