Honestly! Did the tenant tell the truth?
While security background checks are certainly required and definitely necessary to help you make a good decision in picking your tenants, there is only so much that a background check can tell you. Is your tenant telling you everything? Ok, they probably have good financials and a credit score that helped them qualify, but are they honest? Are they clean? Will they respect the terms of the lease? Most of all, will they take care of the home?As a Landlord, it is important that your property is well taken-care of and your tenants are respectful in regards to the upkeep of the home BUT what about the conditions of their lease they agreed to? Do you have peace of mind and feel confident that the lease will be complied with? Lease compliance is important and part of how you can check on this is making a habit of regular property inspections.
WHY INSPECT?
An inspection allows you as the landlord or your property manager to check up on your property and make sure that there isn’t any violations to the lease. What do you look for? There are possible code violations that could be anything from tenant-related violations to building violations. Your tenants may not be looking for deferred maintenance items and report them timely. There might be outstanding tenant issues that require some resolution for example, un-authorized occupants in the home, the arrival of an un-authorized pet or type of pet in the property, subletting, etc.. . These are some of the items that are not permitted per the lease agreement. Building violations could be mechanical or appliance related, or about the wear and tear of the property itself. Overall, many aspects of the lease can be evaluated for compliance during an inspection. By making a habit of regular property inspections, you can stay aware of the condition of your property and have the peace of mind that the home is being maintained.
It is important to remember, however, that nobody likes a pesky landlord! Regular inspections can be done timely, allowing you or your property manager to evaluate the property and respect the privacy of the tenant at the same time. It is a great idea to inform the tenant ahead of time when the lease is signed that regular inspections will occur to confirm the property is being well maintained.
Want to take the extra step?
Hire a professional property manager who has a scheduled time to check your property, submits written reports of the findings and has the ability to receive maintenance requests from the tenant. Letting the tenant know that the condition of your property is a top priority for you as a landlord is very important. It’s not difficult to assure lease compliance with a little extra care and the right management company.
When Hiring a Professional Property Manager, Call Top Notch first at 928-772-4801, email at topnotchprescott@gmail.com or check out our website at www.TopNotchPrescott.com for more information.
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