As a landlord, you have a lot on your plate. Between finding tenants and managing your properties, it's easy to overlook some crucial steps in the process. But if you want to avoid costly repairs and headaches down the line, it's important to make sure you're doing everything by the book. Let’s take a look at some critical mistakes you must avoid when inspecting your properties.
1. Ignoring Local Codes and Regulations
Don't let the excitement of finding new tenants blind you to local codes and regulations. Some municipalities require a code and habitability inspection before you can rent out your property. If you don't follow the rules, you'll be hit with expensive fines and legal issues. So, make sure to have those codes people on your side ahead of time. Don't wait until it's too late!
2. Overlooking Cleanliness
First impressions matter, and a dirty property will leave a bad taste in your potential tenant's mouth. Don't overlook cleanliness! Make sure your property is spotless, from the floors to the ceiling, before your tenant moves in. It's a small investment that will pay off in the long run.
3. Neglecting Appliances, Electrical, and Plumbing
Before renting out your property, inspect all the appliances, electrical systems, and plumbing. Make sure everything works correctly, including checking all the burners, oven temperature, outlets, and ground fault circuit interrupters. You don't want to risk your tenants getting electrocuted or injured by faulty equipment. A little time spent upfront can save you money and headaches later.
4. Forgetting the Ice Maker
It's easy to forget about the ice maker, but this can be a costly mistake. Regularly inspect the water line coming into the ice maker to prevent leaks that can cause water damage. Don't let a small problem turn into a costly repair.
5. Neglecting AC Maintenance
During the summer months, the air conditioner is one of the most important parts of the property. Make sure to have it cleaned regularly and provide your tenants with filters and instructions on how to change them. This will ensure your AC system works efficiently and avoid costly repairs.
6. Ignoring Smoke Detector Codes
Smoke detectors are critical for the safety of your tenants, and ignoring local codes can be dangerous and costly. Check your municipality's requirements and make sure your smoke detectors are up to code, including having lithium batteries that last for about 10 years. Don't wait until it's too late to address this issue.
In conclusion, taking care of your property upfront is the best way to avoid costly repairs and headaches down the line. Remember, water and smoke are the most common causes of damage to rental properties, so take care of these issues immediately. Meet with your code inspectors, shake hands with them, and get to know them. They can be your best friend when it comes to ensuring your property is safe and up to code.
