Are you a Littleton, CO, landlord looking to safeguard your rental property investment? Have you ever wondered about the risks of neglecting regular rental property inspections?
As a landlord, ensuring the upkeep and condition of your rental properties is crucial for both your investment. However, incorporating property inspections into your lease agreements is necessary to avoid exposing yourself to many risks. The consequences of forgoing inspections can be costly and disruptive.
Are you curious to learn more about the critical role of rental property inspections? Keep reading to discover why proactive inspections are indispensable for landlords in Littleton, CO.
To Ensure Tenants Are Acting Lawfully
The first reason to include rental property inspections in the lease agreement is to ensure your tenants are not breaking the law. Inspections can uncover unlawful activities such as:
- Unauthorized subletting
- Illegal modifications to the property
- Use of the property for illegal purposes (i.e., drug manufacturing or distribution)
This can help protect landlords from financial loss and legal liability. It can also help ensure their properties are safe and habitable for tenants and neighbors.
To Ensure Regular Upkeep of the Property
Regular rental property inspections are a great way to update maintenance and upkeep. This allows you to make the necessary repairs or upgrades when they arise, keeping you from more costly repairs in the future. Additionally, inspections can help to identify any safety hazards that may exist.
As a landlord, you may find a variety of rental wear and tear repairs that need to be made during property inspections. These may include:
- Exterior property maintenance, such as broken or damaged siding, windows, or doors
- Interior property maintenance, such as cracks in the walls, peeling paint, or water damage
- Plumbing repairs, such as leaks, clogged drains, or malfunctioning faucets
To Ensure Tenants Are Adhering to the Lease Agreement
Finally, another reason to perform regular rental property inspections is to ensure your tenants adhere to the lease agreement. For instance, finding pets when your rental agreement states no pets are allowed. Ensuring tenants comply with the lease agreement is essential for maintaining the property and preventing legal issues.
If you find your tenant has broken the lease agreement or caused property damage, there are a few steps you should take:
Document
First, document the violation in writing. This could include taking photos or videos of the breach and recording any communication with the tenant about the violation.
Written Notice
Second, send a written notice to the tenant. This notice should explain the violation and the consequences of not correcting it.
Consequence
You may take further action if the tenant does not correct the violation within the specified period. You may choose to file a lawsuit or evict the tenant.
Schedule Rental Property Inspections Today
As a landlord, conducting regular rental property inspections is a good idea and a necessity. Inspections help ensure that your tenants are acting lawfully, that the property is being maintained properly, and that tenants adhere to the lease agreement.
Contact PMI Little Town today to experience the difference in property management. Our team is dedicated to maximizing profitability and preserving your real estate investment. We offer top-notch service to both property owners and tenants.
