Hi, I’m Faye with Residential Property Management, and today I want to talk about inspecting your property. It’s important as a landlord to visit your investment property at least once or twice per year. These visits are an excellent opportunity to assess its condition and to ensure your tenants are abiding by the terms of your lease. At Residential Property Management in Portland, we conduct walkthrough inspections twice per year. We think that’s a good timeframe because a lot can happen over the course of a year.
While you are conducting a visit, take the time to look for things at the property that might be harmful to your tenants. It’s important to provide your renters with a home that is safe and free of any hazards. When you take the time to inspect the property, you can check for safety issues that need to be addressed. For example, check your handrails and steps. You don’t want anything to be loose or broken that might cause a tenant or a tenant’s guest to fall and get injured. Check out the smoke detectors and carbon monoxide alarms at the property and make sure they are working. Oregon winters can be slippery winters. Check your outdoor surfaces and make sure there is nothing that’s going to cause someone to fall. Clear away any debris.
Inspections are also a good time to take care of any preventative maintenance items. When you fix small issues, you prevent them from becoming larger, more expensive issues. It’s worth your time and resources to make the required minor repairs so your tenants don’t call with an emergency later on. For example, inspect the caulking around tubs, showers and sinks. If water is finding its way into areas that it shouldn’t, you’re going to have large expenses in the future. Check out the condition of your roof. Moss may be growing or tree branches could be causing damage. Inspect the exterior paint as well and make sure your property is in good shape and protected.
Your visits are a good time to check up on your tenants as well. If you agreed to a cat and there’s a pit bull living in the home, you have a problem. Has everyone living at the property been screened and included on the rental agreement, or has someone new moved in? Talk to your tenants about any inconsistencies and take care of them right away so you can protect your investment.
If you have any questions about the proper way to conduct inspections, please contact us at Residential Property Management, Inc. and we would be happy to help you.