Did you know that 30-40% of people in the USA rent properties for their homes? That's a significant amount of renters moving in and out every year. So whether you are a new or seasoned landlord, it's important to get the facts on rental property inspections.
If you're not familiar with this kind of inspection, now is the perfect time to learn! A rental property inspection is mandatory for both the tenants and for the landlord, so check out this guide below for more information.
Why Do a Rental Property Inspection?
First things first: why are rental property inspections necessary? In short, it's a simple way to protect both the renter and the landlord from disputes. A rental property inspection checklist will detail the condition of the property before and after the move, and regular inspections in between can help assure you that the property is being well-kept.
Before you start your inspection, it's important to review the laws that protect the legal rights of tenants. If you have any questions, you can seek out the advice of an attorney. And you can always refer to the Rental Housing Handbook of North Carolina for a more in-depth look at the rights and responsibilities of landlords and tenants.
Rental Inspection Checklist
Before the tenant moves in, be sure to document any areas that are worn or not in optimum condition, and then record that on the move-in form. Then tenants will then go through the inside (and outside, if applicable) of the property and make note of the condition.
When the tenant moves out, you will return to this checklist to note if anything has changed, or been damaged.
Bonus Inspection Tips
While it may be obvious that tenants are required to be there at the first and final inspection, it is also optimum to have them present during any other inspections that you perform during their tenancy. Remember, you must always give proper notice if you are going to have an inspection.
And during the inspection, try to avoid taking any photos of personal items or the tenants.
Preventative and Ongoing Inspections
Inspections aren't limited to move-ins and move-outs. If you get your renters to renew their lease, then you will want to do another inspection during this time. You can also perform drive-by inspections without giving notice.
Ready To Do an Inspection?
Now that you've learned how to do a rental property inspection, you can execute one with confidence. By following the correct inspection procedures, you can ensure that both you and your tenants have a good experience.
If you're a landlord and a serious rental investor, HomeRiver can share more valuable information like this and give you support with all aspects of the rental process.
Would you like to learn more about our real estate services? Connect with us today for a consultation to see how we can help you!