Is your rental property worthy of an inspection?

Today, it is a general trend that people are highly invested in building properties and listing them for rental purposes; after all, who would prefer to make money?

When we say property, we owe to several factors and human resources that go behind the construction of a newly built building. People today are drifting towards constructing properties that will serve them with rental value. In such scenarios, landlords generally do not reside in the properties themselves; instead, they live in properties apart from their rental buildings. 

People listing their properties for rental purposes generally need to be aware of the snagging inspections aspect. But is it viable to leave the property at the will of a tenant?

When one rents his property, the entire premises is at the wimps and fancy of the tenant. It is up to them how they use the property. It is observed generally that tenants do not care for the property as a landlord would do. Rough use of interiors, banging of doors, pipeline leakages and MEP issues are some of the generally found defects in the property put to use. Hence, it becomes highly crucial for a landlord to make sure that all his bases are covered before renting out the property and after the tenants have started using it!

By doing so, the landlord isn't just checking the property's condition but also trying to be alert to the possibility of unwanted damages. For the same, people go in for rental property inspections! 

Below are some key notes as to why you must go for property inspections for your rented property!

1. Assuring that your tenants are sticking up to what guided
While renting, you must include expected conduct and care of the property in the contract with the tenant. This agreement must consist of points of consideration over the sensitive areas of the property and maintain the decorum of decency. And for doing so, property inspection beforehand could be beneficial to all. This way, the property's condition could be mapped out.

2.To make sure that your tenants are happy
When a person invests in something, he expects a certain amount of comfort, peace and happiness the thing will give him back. In our case, we refer to properties. Everyone has certain expectations about the place he invests in, whether a landlord or a tenant. Therefore, as a landlord, you can fix up the needed areas to provide your tenants with a comfortable living experience by conducting an inspection process.

3.To be alert over severe issues in the property
Is it feasible for you to incur sudden expenses? Or is it better to have a planned layout?
Property glitches are common!
And to address such stuff, it's better to go on sustainably. Regular inspections of your rented property could save you from getting into unwanted emergencies that may arise. Getting a hold of the delicate areas of the house can help you with the long-living property.

4.Inspect the activities of your tenants.
Snagging processes are the perfect way to hover over the condition of your property used by the tenants. Inspections shall give you signs of how rental property is being utilised. 

5.Landlord-tenant communication
A landlord and tenant relationship is a two-way exchange of information and thoughts. This professional yet bit personal bond between both parties is enhanced through clear communication. Regular property inspections serve as an open platform for both landlord and tenant to communicate and re-iterate the look about the property.

Hence, conducting a property snagging process over a rented property can serve multiple purposes! So next time you plan to rent out your property, ensure you get into regular checks and inspections over the property.

​And if you have made up your mind already, GTA Inspectors is just a call away!