The Importance of Inspecting Your Rental Property

When you own property, it’s important to maintain it, enforce the property rules and perform regular inspections. This will keep your rentals in peak condition and ensure you’re renting to the best tenants possible. A good property manager can help you with this maintenance and inspection. Regular inspections have various benefits, including giving you an opportunity to learn about your property and tenants, uncovering unauthorized residents and uncovering major maintenance issues.

What Should Your Maintenance Schedule Be?
Your property manager should inspect your rental property on a regular basis, including:
·        Before a tenant moves in
·        After a tenant moves out
·        Before a lease renewal
·        Six months after renting to a new tenant
The property should also be inspected whenever there’s a major concern or emergency repairs are needed. For example, if a tenant makes excessive maintenance requests or is abnormally late on rental payments. An inspection can uncover additional maintenance issues, deliberate sabotage or a change in the tenant’s financial situation.

Inspections Are Learning Opportunities
Inspections are learning opportunities for owners, managers and occupants. They can teach you more about certain aspects of your property, as well as how to care for them. Property managers can also get the inside track on common maintenance issues or neglected areas, and occupants can learn how to better maintain appliances and other major components of their rental. Additionally, the property manager can use inspections to gather feedback and provide maintenance instructions to employees and tenants.

Uncover Unauthorized Tenants and/or ‘Squatters’
The best property management companies in Edmonton will set and enforce strict rules for occupancy, and perform routine inspections to uncover violations. Unauthorized roommates or occupants can be a major issue if you own multiple rentals and fail to follow a regular maintenance schedule. Regular inspections can also uncover pet policy violations.

Inspections Can Uncover Major Maintenance Issues
During every inspection, your property manager should take note of cleanliness and upkeep. How well your tenants maintain their rentals could reflect how well property management is performing. Maintenance of common areas, plumbing, heating and cooling appliances, major building structures (i.e. the roof) is also important and a reflection of management. Your property management expert should:
·        Change air dirty filters
·        Check for structural issues within the building
·        Perform a visual inspection for mold, bug and rodent infestations
·        Check for leaks, clogs and other plumbing issues
·        Look out for blockages that could hinder air conditioner or furnace performance
·        Inspect for damage or vandalism
Give your property manager the room to fix every issue, as they have the knowledge and experience. Remember that any small issue can turn into a major one. If you're looking for reputable property management in Edmonton, look no further than Group Three Property Management!

Comments

Post a Comment

Popular posts from this blog

How to Select the Best Property Manager for Your Property

Hiring a property manager will lower your workload and give you assurance that, should any problems crop up, an experienced professional will take care of them immediately. Whether you’re looking for apartment, public housing, office, or condo property management , you need to ensure that you pick the right manager for you. 1. Gather Referrals A good place to start is asking for referrals. Ask your network, including the realtor who sold you the property, for suggestions. 2. Look for Accredited Companies Accreditation signifies that a property management company meets strict professional and ethical standards. It also shows that the company has the abilities to deal with any issue in an efficient and timely manner. 3. Seek a Company in Your Area Ideally, a property management company should already be familiar with your area. This will mean that managers are knowledgeable of your target market and how to serve your clients. 4. Find a Company with the Right Experience ...
Read more

What Should You Expect from a Professional Property Management Company?

For first-time clients, it is difficult to know what you should expect as standard from a property management company. To rule out any companies that try to sell you short, it is critical that you know what you should be receiving as a minimum. 1. Expertise in Their Area There are two main types of property management companies: commercial and residential. You need to choose a company that has the appropriate knowledge for your type of property. This will ensure that you never break any laws and that your property is run efficiently. 2. On-Call Service Your residential or commercial property management company should be able to provide you with an on-call service 24 hours a day, every day of the year. If tenants suffer any problems, day or night, someone should arrive within a short time to take appropriate action. This is essential for dealing with emergencies, but it also shows tenants that they can rely on you even in less-urgent circumstances. 3. Personalized Ma...
Read more

Reasons You Shouldn’t Manage Your Investment Property Yourself

After purchasing an investment property, you’re likely looking for ways to maximize your profits. One idea you may have is to manage your property yourself instead of hiring a commercial property manager . This is never a good idea for several reasons. 1. You Have No Experience in Condominium Management Managing an investment property is far more complex than it appears on the surface. You’ll need to deal with repairs and maintenance, collect the rent, and resolve an array of tenant complaints. All this calls for experience and know-how. 2. Managing an Investment Property Is a Job Managing an investment property is at least a part-time job. In fact, if you have more than one unit, it is likely a full-time job. You’ll need to be available at any time to handle problems. If you’d rather not dedicate so much time to condominium management , you’re better off hiring a commercial property manager. 3. It’s Inconvenient Managing your property is particularly problematic i...
Read more