4 Types of Rental Property Inspections and Why They Matter

Our experienced Fort Worth property managers know the importance of conducting regular inspections of rental property. As a rental property owner, are you aware that not all inspections are the same? Here are four different types of rental property inspections performed by our property management Fort Worth, TX teams:

Inspection During Move In39395591_l

This type of inspection is typically performed by the new tenant as they walk through the property and take note of any existing damages that could count against their security deposit at the time of move out. The notes written on the move in condition document should be signed by both tenant and landlord, and any pictures of existing damage should be taken and filed with this report. The move-in inspection protects both the landlord and the tenant by acknowledging the condition of the property at the time the tenant moved in.

Scheduled Routine Inspections

Fort Worth property managers perform scheduled routine inspections as a way to ensure lease compliance. During these inspections, the property manager can inspect for any damage caused by tenants, and look for any maintenance issues that need attention. Being proactive during these inspections keeps maintenance costs low, and allows the property manager to fix problems before they get worse. If damage from tenants does exist, they should be notified in writing, and a follow up inspection can be scheduled to ensure the problems have been addressed. These inspections should be regularly scheduled with the frequency being communicated to the tenant at lease signing.

Drive By Inspections

These inspections need no prior warning as all you are doing in simply driving by the property. The point of drive by inspections is to observe the exterior of the property for any lease compliance issues–including animals that are not allowed, smoking that is not allowed, etc. If any problems are noticed, the tenant should be notified in writing, and a routine inspection should be scheduled to assess the interior of the property for any other lease compliance issues.

Inspection During Move Out

When a tenant moves out of your rental property, it is important to do a final walkthrough of the property with them, again noting any damage that has occurred during their occupancy. Pictures should again be taken as proof of any damages, and the inspection report should be signed by both the tenant and the Fort Worth property manager.

A lot can happen between tenants. Don’t stay in the dark by neglecting property inspections on your rentals. For help in this matter, contact the leading property management team in Fort Worth, TX.

Make Prospective Tenants Fall in Love with Your Property

It’s the time of year where love is in the air. How can that love make your Denton property management business become more profitable? When you make prospective tenants fall in love with the rental properties you have to offer!

A good property manager knows that finding the perfect tenant for your rental property is like dating. First, a couple meets and finds common interest which heightens the attraction. The couple continues to see each other, and eventually comes a profession of love, and perhaps even a marriage proposal.

Specialized Property Management in Fort Worth, Texas goes through a similar process when finding the ideal tenant to fill your rental property. First, we meet the prospective tenant to show them the home. Then, we learn about their rental history and background including job history, credit history and any criminal records. This process can either make or break the relationship. After everything checks out, and the prospective tenant has declared they love your property, the proposal- or rental agreement- is brought to the table. The ‘marriage’ begins when both property owner and tenant have signed the lease agreement and build their relationship from that point on.

But, how do you get to the point of a tenant loving your property? A few smart decisions made during the purchasing phase will help make finding tenants simple:

 

The Tenant Lust List

  • Single Family Homes
  • 3+ Bedrooms
  • 2+ Bathrooms
  • Fenced Yard
  • Standard Layout
  • < 15 Years Old

 

The Tenant Loathe List

  • Under 1000 Sq Ft
  • No Fence
  • Busy Streets
  • Quirky Layouts
  • No Master Bathroom
  • Homes Older than 25 Years

 

Other Relationship Builders

While in the purchasing phase, it is important to remember a few other keys to hearts of potential tenants. These include:

 

  • Location. Look for markets that have higher rents, lower vacancy rates, and appreciating home values for your rental property.
  • Amenities Matter. Consider the quality and proximity of area schools, public transportation, shopping and other amenities in the area as they can be used as selling points when marketing the home.
  • HOA’s Can be a Headache. HOA’s can add time, fees and hassles that should be considered when purchasing.

Keeping these tips in mind during the purchasing phase will ensure a smoother pathway to tenants falling in love with your property.