It’s always great news when loyal tenants who always pay rent on time are interested in signing multi-year leases or staying at your property for many years. This steady income prevents you from spending the additional costs associated with finding new tenants, and it also makes sure that great tenants are staying in as many units as possible. However, wear and tear can get out of hand if you aren’t performing rental inspections every year. What are some of the reasons you should make sure that rental inspections are performed annually at your property?
Find Damage Before It Worsens
When you do not check on properties regularly through rental inspections, you might not realize that damage has occurred until it has worsened dramatically. For example, if you notice a small amount of discoloration or damp material on a ceiling, you can proactively address the source of the water before things get worse and you have an emergency on your hands. The same is true for pest problems. What seems like a minor problem today can turn into a serious issue tomorrow.
Check Out Tenant Maintenance
Rental inspections are also a way to make sure that your tenants are properly maintaining the things specified in their leases. Are the kitchens and bathrooms kept reasonably tidy? If it is their responsibility, are they changing out the furnace filter? Are there obviously broken elements in the apartment that they should have made maintenance requests for? During your inspection, you have the opportunity to ensure everything is on track.
Ensure a Safe Environment
As a property manager, you need to make sure that all of the tenants are living in a safe living space, as you are liable for problems due to a lack of maintenance. By conducting a rental inspection annually, you will be able to make sure that appliances are working properly, security measures are intact, and that alarms like the carbon monoxide alarm and smoke detector are still working.
Explore Upgrade Options
Finally, rental inspections are also a chance for you to find good upgrade opportunities to improve property value and reward your most loyal tenants. If you are able to notice dishwashers or other appliances that should be replaced early, you can budget for replacement and complete a proactive upgrade.
Partner with All County Denver South for Expert Property Management Services
If you need a property management company in Denver, look no further! All County Denver South Property Management is here to help property owners have confidence in the quality of their tenants and the security of their property through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, call us at (720) 664-4550.