Reasons to Conduct Property Inspections

Reading Time: 3 minutes

Reading Time: 3 minutes  Your property is an investment, and the more you take care of it, the more you can expect it to give you higher returns. Conducting regular inspections allows landlords to keep their property in tip-top shape and maintain – if not improve – its value. In today’s article, we explain why property inspections are…

Reasons to Conduct Property Inspections
Reading Time: 3 minutes

 

Your property is an investment, and the more you take care of it, the more you can expect it to give you higher returns. Conducting regular inspections allows landlords to keep their property in tip-top shape and maintain – if not improve – its value. In today’s article, we explain why property inspections are important.

 

 

1# You can minimize and prevent any liabilities

A man is holding a power drill and installing a white window frame.

 

Making sure that your property is in excellent condition guarantees there are no liabilities that could get you into trouble. These liabilities can be in the small and easily overlooked concerns: loose steps, broken windows or burned-out lights. If there is a child under the age of six years old, you also have to check on flaking paint. Prevent anything that might cause harm to anyone and that you can get sued for. You know it would be your responsibility and that it would go under your insurance.

 

 

#2 You can check on your tenants

A real estate agent is showing a young couple a house.

 

They always say that “when the cat is away, the mice will play”. What we mean by that is that as a landlord, you won’t be on your property 24/7 to keep your residents in check. By conducting regular visits, you assure that your tenants stick to the rental agreement.

 

Of course, we do not recommend going in there every two and a half weeks. We also know that depending on the number of properties you own you may not always find the time to do the inspections yourself.  At Green Ocean Property Management, we do our regular inspections twice a year and use the inspection software called zInspector. It allows us to document in detail, room by room, the condition in which a property is at. It guarantees that everything is working okay. With this, we will know if the tenants are taking care of the property and if it will be good to offer them any renewals.

 

Also, it gives you a chance to see if the tenants have any complaints. Most of the time, tenants do not inform their landlords about any issues unless it becomes a major inconvenience. Worse, they do not see the urgency unless it has already caused a lot of damage. So, prevent future complaints or further need for repairs. Anything from changing light bulbs they perhaps can’t reach, testing any drains, or looking out for water leaks. By being proactive, you show your tenants that you care.

 

 

#3 You can secure documentation for future reference

A real estate agent is showing a woman a house.

 

Another major benefit of property inspections is that the state of your property in certain timeframes is well-documented. In case you find anything damaged or needing repair and your tenant says “well, you know, I didn’t cause this damage”, you have evidence. Your records will prove that the property was not in that manner previously – whether before or right at the beginning of their occupancy. You will have a supporting document to deduct from their security deposits or charge them later on to cover those damages.

 

 

In conclusion

As a proactive property management company, we give landlords three major reasons why property inspections are important. You see how your property is and minimize any liabilities that might exist. You also see how the tenants are taking care of the place and determine whether you offer them a renewal or not.

 

Later on, you can use those inspection reports as a comparison and proof to charge them for any damages.

 

 

Our commitment

If you or anyone else you know is looking for a proactive property manager that understands why property inspections are important to ensure your property is well-maintained and your residents are safe and happy, please think of Green Ocean Property Management: where you get more than a property manager, you get peace of mind.

Laundry machines and parked cars

What makes a property desirable?

Posted in ,

Reading Time: 2 minutes  When our clients are looking at a property, they always ask, “What are the things that make this property desirable?”. In this article, we are going to share some of the things that we think make a property desirable.   #1 Convenience       When tenants are picking a property, they consider how far…

Rat Infestation on Your Property Our Expert Solutions Can Help!

Rat Infestation on Your Property? Our Expert Solutions Can Help!

Posted in ,

Reading Time: 3 minutesAre you struggling with a persistent rat infestation problem on your property? It’s crucial to address this issue promptly to guarantee the comfort and safety of your tenants. At Green Ocean Property Management, we’re here to explain what needs to happen to resolve this problem effectively. Our team is committed to helping you reclaim a…

A white emergency light mounted on a white wall

Is Emergency Light Testing Required?

Posted in , , ,

Reading Time: < 1 minute    With every single commercial building, whether it’s in a condo association, bigger commercial buildings, or even on multi-family homes, there is emergency lighting.   Did you know that emergency lighting has batteries? Sometimes, they are also hardwired but there are batteries within the lights and they have to be tested all the time. When…

Experience exceptional management and elevate your property with us

Stay updated with market trends and changes

Expert knowledge and advice to help make your life as a property owner easier.