How often do you check on your rental property? Maybe you oversee the management side of things daily, but are you taking a good look at your property's condition?
As a Fort Collins, Colorado, landlord, it's essential to complete regular rental property inspections. These inspections can help you uncover necessary repairs and will keep tenants happy.
Start bettering your space by scheduling these inspections. Keep reading to learn more about how they affect your rental business.
Identify Maintenance Needs
Regular rental property inspections will help you identify where your property needs maintenance. General wear and tear can take a toll on the property over time.
Spotting issues early on will allow you to take proactive steps toward property repairs. On the exterior, it's essential to inspect the plumbing, roof, and foundation.
Schedule property inspections with tenants to check for any maintenance issues inside the units as well.
Keep Tenants Happy
Property maintenance is an important component of tenant retention. If you fail to handle repairs promptly, your tenants will likely leave without considering lease renewals.
Emergency maintenance and repairs can put a lot of stress on tenants. Make the process more convenient for them by scheduling regular property inspections in advance.
You can also set up a tenant portal where tenants can submit maintenance requests as they come up.
Enforce Leases
The best landlord advice is to check your property once or twice a year to enforce the lease. A rental property inspection is a great time to see if tenants are abiding by their lease agreements.
Doing so can help you preserve rental income by ensuring tenant issues aren't degrading your property. An inspection is a chance to mitigate risks before they escalate into bigger problems.
If you find that a tenant isn't following their lease terms, a property management company can implement lease enforcement strategies. If the tenant still fails to comply, they can start the legal eviction process in Colorado.
Preserve Property Value
Property devaluation can cost you money in a lot of ways. First, you'll need to repair the problems causing your value to decrease. Second, you'll likely have trouble keeping consistent occupancy rates.
Significant damages like pest infestations, leaks, and structural problems can cost a lot of money to address. Regular inspections will help you spot these issues and preserve the appeal of your property.
Increasing your curb appeal is a simple and effective way to attract tenants in a tough market.
Let Us Help With Rental Property Inspections
Rental property inspections allow you to identify maintenance needs, keep tenants happy, enforce leases, and preserve property value. Not every rental property owner has time to complete regular inspections. This is where we step in!
At PMI Northern Colorado, we help Fort Collins owners like you with all things property management. Our property managers offer high-quality services on a local and independent level.
We're part of a franchise that has been maintaining properties for more than 20 years, and we're ready to take on yours! Contact us today to learn more about our services.
