Standard Inspection Checklist for Rental Property Owners

Routine inspections can be the major difference between a valuable property and a depreciating apartment. This is common…

Routine inspections can be the major difference between a valuable property and a depreciating apartment. This is common in rental rates, as landlords will charge higher depending on the condition of their rental properties. If you own an apartment, routine inspections are an effective way of maintaining value. At 3 Options Realty, we leverage extensive industry experience and knowledge to help you boost your return on investment (ROI).

Our expert property managers can handle all the heavy lifting, from customizing an inspection checklist to hiring certified professionals to address the problems detected. Although different rental properties have varying needs, regular assessments can improve the quality and safety of your premises. Consult a reputable property management company for help so you know what to include on the checklist and what to do for your property. Here is a standard inspection checklist for rental property owners.

Decide Frequency

How often do you plan to conduct a rental property inspection? Many landlords usually address issues as they arise, which wastes time and money, not to mention reducing tenant retention. While a new building may not require inspections more frequently, if you own an old building, it is the opposite. Professional property managers have a vast portfolio of successful properties under their care and know how to grow your business.

Whether you like to do inspections every three or six months, we can hire an expert to check your property and customize a routine that suits your property. Landlords should only conduct DIY inspections, especially with the technical knowledge and skills needed.

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Interior

Another vital aspect of a rental property inspection is the interior. And you should know what to look for. Check any signs of damage caused by the tenant, which can be burn marks, bloodstains on the wall, or chipped furniture. If you don’t act, the value of your property can be affected. Sometimes landlords have other commitments and don’t dedicate time to their investments. If this is the case, hiring a property management company can help ensure everything is in good condition. The interior is full of items near the end of their lifespan, such as the HVAC unit, and an inspection can prevent further damage.

Exterior

Most items inspected in a rental property are found inside. However, there could be several things you need to look for outside. These areas include painting, septic systems, plumbing, and landscape. Chipped or fading paintwork is easily detected, but a clogged sewer line or a leaking plumbing system requires the expertise of a trained professional. Regular inspections prevent such scenarios by ensuring we address small telltale signs of damage before things get out of hand.

While a rental property inspection checklist is not limited to the items listed, working with a trusted property management company is essential. Contact us at 3 Options Realty and schedule a consultation with our property managers. We can help you keep track of long and short-term issues to ensure you maximize your investment.