Inspections are a key part of managing a tenancy so it’s imperative that landlords get them right. Here are some top tips to ensure landlords don’t miss a thing. A two-minute read.
We’ve all heard the horror stories about nightmare tenants who trash a rental property, leaving the landlord up to their neck in repair bills and legal costs. Or maintenance issues that were left and became problematic.
Thankfully, there are ways landlords can minimise these risks and one key strategy is to conduct regular inspections.
Landlords are often diligent with inspections at the start of a tenancy, but things tend to slide over time. This is a big mistake as inspections allow landlords to:
– Spot mould, leaks, damp or blockages before they become major problems.
– Guard against subletting and illegal activities.
– Identify property damage – intentional, neglectful or accidental.
– Protect themselves in the event of a dispute. (Many insurers won’t pay a claim if the landlord hasn’t been vigilant.)
– Avoid end-of-tenancy disputes, as issues are dealt with during the tenancy instead.
– Set the tone of the landlord/tenant relationship. If they know you’re on the ball, tenants are more likely to treat your property with respect.
– Build trust. Tenants will be grateful to you for sorting out minor issues without prompting.
So, we all agree that inspections are critical, but how can landlords ensure they nail them? Here are seven top tips.
If you don’t have the time or expertise to conduct regular inspections, contact us here at Newberry Tully for more information about our tried and tested inspection processes.
Posted on July 8, 2022