Repairs and maintenance are a big expense for landlords. One of the best ways to reduce those costs is to catch issues early.
Rental property inspections can help you do just that. Instead of dealing with a problem that's blown out of control, you can take care of them when they're small and manageable. That's going to save you a lot of money in the long run.
Keeping up with inspections at your Bedford rental can feel very overwhelming. Setting up a schedule can help keep you on top of it. Check out this guide for when you need to do inspections.
After a Tenant Moves Out
Most landlords are very good at making sure they inspect the property after a tenant leaves. This is typically part of the move-out process. The inspection will often determine if they get their security deposit back or not.
During this survey, you can see everything since the space is all cleared out. It's the perfect time to check those hidden areas, like the baseboards and walls. This way you can make a list of what needs to be done before the next tenant.
Before a New Tenant Moves In
On the other hand, it's also a good idea to do an inspection before a tenant moves in. This is separate from the move-out inspection. This time you should bring the new tenant along with you.
As you walk through the property, you can go over the lease agreement and rental policies. The tenant can also point out any current damage so it doesn't go against their deposit.
It's a good opportunity to make sure the rental is fully ready. And also to start tenant relations out on the right foot.
After an Emergency
There are going to be times when an emergency comes up with your rental property, like a leaking pipe. After the repairs are done, it's important to do an inspection of the whole property. This will help you be sure everything is fixed and no other repairs are needed.
This is especially important for future insurance coverage.
At Least Once During the Year
It's important to conduct an annual inspection to see necessary repairs. They can also help you see where you can make upgrades to the space as well. Keeping up with maintenance will help you be able to charge well for rent. And that means your rental income will be higher.
This regular survey can keep your repair costs down as you avoid major breakdowns!
Setting a Schedule for Rental Property Inspections
Knowing when to schedule rental property inspections can relieve a huge mental load. Instead of worrying that you're doing them too often or not often enough, you'll know you're on the right track.
Keeping up with inspections will make a huge difference for your business. And the best part is, you don't have to handle any of it with a property manager. They'll take care of every step for you!
At PMI Metroplex Properties, we're dedicated to helping all our landlords succeed. We take over every task from accounting to maintenance so you don't have to worry! Contact us today for a free rental analysis!
