THE IMPORTANCE OF RENTAL PROPERTY INSPECTIONS
Regular upkeep of your rental property maintains the quality and worth of your investment. Maintenance needs can be checked periodic inspections. Tenants are more likely to care for your property when they see you put the time, energy and resources into maintaining quality living conditions.
But are you caught thinking, “How do I rent out my house in Chicago yet handle the day-to-day duties of property management?” Hand over the hassles and headaches to the rental property management Chicago, IL experts at Real Property Management Chicago Edge. We offer a comprehensive list of services that includes performing inspections.
5 STEPS TO ROUTINE CHECKS
What steps are necessary to legally and successfully carry out rental inspections? First, there must be a plan in place to schedule quarterly or semiannual inspections. Frequent review of your home can save you money. Small problems turn into huge, money-sucking repairs if left unchecked. Second, communicate that schedule to tenants when they sign a lease. Tenants need to be aware of your plans to enter the home and take photos.
Third, provide prior notice of the exact time and date of the inspection. With advanced warning, many tenants are happy to work with you as you proactively address the condition of the home. Fourth, the inspection must be thorough. Assess everything such as the water heater, A/C, furnace, appliances, plumbing, and exterior of the home.
Fifth, during the inspection, take note whether the tenants are in compliance with the lease agreement. Notice things such as the number of pets, types of pets, the number of occupants, smoking or abnormal smells, etc. You can address these issues after the inspection by notifying the tenants in writing.
LOOK NO FURTHER FOR A RENTAL PROPERTY MANAGEMENT CHICAGO IL TEAM
Have you wondered, “How do I make a profit when I rent out my house in Chicago?” The experts as Real Property Management Chicago Edge can help you manage a successful investment property. Contact us today to learn what our experienced team of professionals can do for you.