Placing a tenant in your rental property is not a set-it-and-forget-it activity. You need to actively manage your rental property and tenants.
A crucial part of this is performing routine rental property inspections. Otherwise, you are jeopardizing your entire investment and setting yourself up for potentially significant losses. As you will see, the benefits are plentiful when you do property inspections.
1. Protect Your Investment
While being a landlord generates monthly income, this isn't your only source of wealth generation. Ultimately, landlords are property owners. You want your property value to increase over your years of ownership.
Now is the perfect time to invest in Jacksonville real estate. To protect your property's future value growth, maintain it now with routine inspections.
2. Improve Tenant Relationships
We all want to live in a clean and well taken care of the home. Regular inspections ensure your tenants have such a place to live. Your tenants will appreciate that your actions show that you care about them.
Another option is to hire a property management company to do the inspections for you. This is a great way to respect tenant rights while also building positive relationships. You benefit by not having to do the inspections or make the subsequent maintenance arrangements yourself.
3. Reduce Property Maintenance Costs
One of the most crucial landlord tips is staying updated on maintenance tasks. Ignoring them will only result in higher repair costs later on. One of the simplest methods for staying ahead of property maintenance is by doing regular property inspections.
A yearly inspection lets you walk around the property and rental home. While doing so, you can look for maintenance needs. Then, you can schedule them and alert your vendor to any issues you want them to handle.
This prevents the issue from progressively worsening and becoming a more expensive problem to address later.
4. Reduce Your Liability
Under Florida Statute 83.51, landlords have a duty to maintain a safe premise. This includes the building and the property around it. Doing regular inspections helps you do this.
Otherwise, you wouldn't know what the condition of your property is. While some tenants may notify you of maintenance needs, not all will. Do not depend on other people to reduce your liability.
5. Lease Enforcement
Regular inspections help verify that your tenant is complying with the lease terms. If you find that your tenant violates the lease, you can act quickly to correct the situation. Doing so can potentially protect you and your property from expensive cleaning or repair costs later.
Perform Regular Rental Property Inspections
As a landlord, you need to perform routine rental property inspections. Your tenant is more likely to follow the lease and care for the property when they know you are an attentive landlord. You can maintain tenant relationships and coordinate property updates during your inspections.
Our team of property managers is happy to perform routine inspections for our landlord clients. We work hard to ensure your rental remains profitable while retaining its value.
Let our property managers do routine inspections for you and protect your real estate investment.