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7 Comments on Why Should I Inspect My Rental Property?
Looks like you have a lot of home for rent!! Thanks for the advice, have a great weekend.
My HVAC service firm who does s/a HVAC service also replaces batteries in smoke alarms and I also have them replaced between tenants.
I encourage owners to view their properties BETWEEN tenants when we can freely and openly discuss upgrades, and repair options. Since I allow a 7 to 10 day lag between the 3rd Friday of the move out month and the first of the following month, this is usually no problem.
My properties turn over every 2 to 3 years and my lease allows for S/A inspections which I will do at no cost to the owner IF I suspect something is needed at the property.
If you train your service personnel to let you know about items during the tenancy and you have a thorough "make-ready" procedure between tenants, formal inspections should not be necessary
Wallace, I agree on the point of getting the owner in their house when vacant. But some properties do stay rented for longer periods and I would not want a HVAC vendor reporting to me on plumbing issues or on illegal pet issues to name two. A system to get in annually solves a lot of issues that could become big problems if left to chance.
Bob I sent this to four of my investment clients that have several properties. Very good info regarding all the hidden little gems people find after the sale.
Bob:
As always, you present excellent information for investment property owners. Thanks for the quality posts with very useful information.
Maybe it's just me - I am personally in my properties at least 1X annually if not more. My repair person holds a ClassB contractor license and is third generation contractor and my HVAC service firm also does electrical and plumbing with their new equipment installations.....I would trust them rather than an individual homeowner who may not know what they are looking at OR WORSE * they lived with it so tenants should as well. My HVAC firm photographs any problem areas and then e-mails me photos that I can then e-mail to owners WITH recommendation for repair/fix AND costs.
Having come from a multi-unit mgmt early in my property management career, vacancies don't scare me since I get to upgrade properties and raise rents....WHEE!!
The SECRET for me is finding the problem and offering the SOLUTION at the same time...
I agree with you, having a walk through, even when it is rented, helps. It deters the tenant from unsavory behavior and helps curtail lease violations. It's obviously more convenient to inspect when the apartment is vacant, but many of my apartments stay occupied for years!