Many people used to see renting as a temporary situation until they're ready to buy a home. The dynamics of today's housing market have shifted, however, and it is decidedly less expensive to rent a home than to buy one. One of the biggest perks of renting is that tenants don't have to worry about covering costly repairs when something goes wrong.
That doesn't mean landlords have to wait for the repair expenses to come rolling in.
Rental property inspections are one of the most powerful ways you can ensure your property is in good shape and avoid costly repair bills. What can a landlord look at during an inspection, though? Read on for a brief landlord inspection guide!
Safety and Security Issues
You want your tenants to feel safe in their living space. That's why it's so important to identify and fix potential safety and security issues on a proactive basis.
Your inspection should ensure that any smoke and carbon monoxide detectors are functioning and have full battery life. If there are stairs anywhere in the unit, check to make sure the handrails aren't loose. Finally, check all of the locks on the doors and windows to ensure they are still in good working order.
Potential Lease Violations
The landlord doesn't bear the entire burden of upkeep in a landlord-tenant relationship. Renters have several responsibilities spelled out in the lease to make sure the rental stays in good shape. When you inspect your property, utilize that time to make sure that the renter is living up to their end of the bargain.
Add the following items to your rental inspection checklist:
- Cleanliness of the space
- Evidence of unauthorized pets
- Evidence of unauthorized subletters
- Evidence of smoking
Plumbing and Electrical Systems
Plumbing and electrical repairs are a big expense. As you walk through your property, check for early evidence of issues that need to be addressed.
For plumbing, check all of the faucets and pipes for leaks and drips. Test out the taps to make sure they're working correctly and the property gets hot water. Take note of any evidence of water damage.
For electrical systems, check all outlets, switches, and light fixtures for exposed wiring. Turn lights on and off to make sure they work.
HVAC Systems
Nashville summers are no joke.
It's critical that your rental's HVAC system is in good shape before the start of summer. Make sure both the heating and cooling functions of your HVAC work properly. Test the thermostats to make sure they're functional and reading correctly.
Don't forget to replace the air filter on a quarterly basis, too!
Are You Ready to Tackle Rental Property Inspections?
Investing in rental property is a great idea, but you have to make sure that it stays in good shape. Regular rental property inspections help you identify safety hazards and issues that could later lead to a costly repair. Set an inspection schedule, give your tenants adequate notice, and you'll be in great shape!
What can a landlord look at during an inspection of your Nashville rental property? The team at Green Tree Property Management have what it takes to help you make the most of your inspections and help your rental flourish. Contact us today to learn how we can help you!
