Would you like to become a successful landlord? If so, you must know how to handle rental property inspections.
Property inspections can be difficult for both landlords and tenants, especially when you don't know how often to conduct them. However, they're necessary if you want to maintain your property.
In this guide, we'll outline the basics of rental property inspections and how you can approach them. PMI Alameda County is here to help you with all of your property management concerns!
Read on to get all of the information you need about inspections.
What Are Rental Property Inspections?
A rental property inspection is often done by either a landlord or property manager, and it involves examining a property's condition. During an inspection, they'll look for damage and things that could put a tenant in danger.
They can also find out whether a tenant is complying with the rules outlined in the lease agreement. For example, if a landlord doesn't allow smoking or pets, they can look for signs like stains and fur throughout the property.
The Benefits
One of the main benefits of conducting rental property inspections is keeping a property in good shape. Depending on the frequency you conduct them, you can repair damages shortly after they occur, thus preventing long-term issues.
Regular inspections also help you avoid disputes over who should be responsible for property maintenance. If the same tenant experiences multiple inspections and damages appear during that time, you'll know they didn't occur before they occupied the residence. They can then be held liable for them, depending on your lease agreement.
How Often to Conduct Inspections
Determining the right rental property inspection frequency depends on how often you want to. Many landlords and property managers conduct inspections annually and semi-annually. However, some chose to conduct them quarterly.
Annually and semi-annually inspections are often preferred by tenants because they're less intrusive. Yet, quarterly inspections can ensure you solve issues quickly.
Consider scheduling your inspections based on the length of the lease. You can get most of the information you need from 2 inspections per year.
So if a tenant signs a 1-year lease, you can schedule 2 semi-annual inspections. However, if they sign a 6-month lease, it may be best to schedule 2 quarterly inspections.
Ultimately, you can decide what works for you, and as long as the tenant agrees with the terms, you shouldn't have a problem fostering positive relationships with tenants. Research the rental property inspection laws in California, then you'll be ready to set the terms.
Manage Your Properties with PMI Alameda County
As a landlord, we understand that it can be challenging to manage a property, and things only become harder as you expand your portfolio. Fortunately, PMI Alameda County can provide you with all of the help you need to succeed in real estate, even when it comes to rental property inspections.
With our property management services, we can ensure your properties maintain steady cash flow, regardless of their type. If you want to invest in more Livermore properties, we'll be with you throughout every step of the process.
Get in touch to learn all about our helpful services today!
