Points to remember
A great eliminator of inspection related stress is knowing when to expect the inspections. In Victoria for example, a rental property owner is not allowed to undertake an inspection until three months of continuous tenancy. Additionally, inspections should total no more than four times over the span of a year. It is also important to note that landlords must give tenants a minimum of seven days notice before completing a rental inspection.
Rather than inspecting a property aimlessly, landlords should create a checklist of things to look out for. If the renters meet these requirements, landlords will then know for sure that the property is being looked after.
Why is an inspection necessary
Rental inspections are a necessary part of the renting process. This is due to the fact that both renters and landlords need to be up to date on the state of the property in order to avoid issues down the line.
Rental inspections can be good news for both landlords and tenants. Firstly, for landlords, it provides a golden opportunity to personally evaluate the state of the property. By conducting inspections, landlords can ensure that everything is in working order, giving them peace of mind. It can also be used as an opportunity to nip issues in the bud before they become major and/or costly problems.
Secondly, for tenants, inspections are an ideal time to make any concerns heard. This means that instead of trying to convince a landlord that a property needs maintenance issues repaired, the landlord can see for themselves what needs to be fixed.
Rental inspections provide an exchange of information that helps both landlords and tenants towards keeping a property in good working order.
Rental inspections don’t have to add stress to the lives of tenants and landlords. Instead, they can be treated as an opportunity to make sure that the property is in the best condition it can be. A circumstance that is mutually beneficial for both tenants and landlords. The key to eliminating the stress and thus getting the most out of rental inspections is being prepared. For renters this means taking the time to clean the house while for landlords this means compiling a list of things they want to check whilst in the property.
Another way for landlords to reduce the stress around inspections is to hire a professional property manager. The value of a property manager can be found throughout the entire rental property process. Property managers can do everything from advertising a property and finding the appropriate tenants to managing the condition report process and inspecting the property on a regular basis.