More than a temporary shelter for your current tenants, an investment property is a valuable asset which could earn you revenues for a long time. This is why it is important to look after it and perform repair and maintenance checks when needed. Even if there is an individual or a family renting your property, it does not mean that you have to leave all the upkeep to them. You have to remember that the particular investment property is yours, not your tenants. At the end, it is your responsibility to maintain it in its best shape in order to attract future buyers when your current tenants leave.
It is important to show that more than a businessman, you are also a diligent owner. Quarterly inspections are needed in order to spot necessary repairs and to keep these faults from worsening. These inspections, fortunately, will not take you hours to perform. There are property inspection software like SnapInspect, which helps you manage your assessment effortlessly.
Making the Inspection
Landlords can visit the property to inspect at any time they want, but a regular interval can help tenants to discern the right time one will perform the inspection. If you are making your first appointment, it is suggested that you choose a weekend or a holiday when the tenants are present. This is one of the best things you can do in order to secure your property by showing the tenant that you are serious about being their landlord.
Start your appointment at an earlier time. You can visit the property at 9:00 AM and you can finish the whole inspection at the afternoon. Using a digital property inspection software can help you get the task done without the hassle. You may also recommend a property management inspection app to your credible home inspector to help you check the property’s state.
The Possibilities of Eviction
When talking to your tenants, it is important to set an expectation level when it comes to maintenance. It is good to emphasize the importance of your regular inspection beforehand; you can talk to them about this at the signing of the lease documents. Set a policy on how to keep the property clean, and always keep an open line about the potential problems found in the property.
As a landlord, you have the right to evict your tenants at the right grounds; excessive damage is something not to take lightly when it comes to keeping a property. When you and your tenant cannot agree, or if they cannot comply with your agreement, it may be time for you to search for new renters. However, it is crucial that you understand your tenants’ rights. Future tenants, in return, should also be wary about the things involved when signing their first lease. Wall Street Journal relates a 28-year-old’s experience when renting his first house.
Landlord Essentials: House Maintenance Competency
As the owner of a property, it is necessary that you know basic house maintenance in order to know what you are expecting during your inspection. If you are a beginner, you may have to hire a property inspector to go with you. However, you can learn all about the trade by and by. Just make sure these professionals are using up-to-date property inspection app like SnapInspect to handle the job.