The Importance of Inspecting Your Rental Property - PowerPoint PPT Presentation

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The Importance of Inspecting Your Rental Property

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It’s important to maintain your property on a regular basis for keeping your rentals in peak condition. Group Three Property Management Inc helps you with commercial and condominium property management, available 24/7. – PowerPoint PPT presentation

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Title: The Importance of Inspecting Your Rental Property


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The Importance of Inspecting Your Rental Property
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  • When you own property, its important to
    maintain it, enforce the property rules and
    perform regular inspections.

3
  • This will keep your rentals in peak condition
    and ensure youre renting to the best tenants
    possible. A good property manager can help you
    with this maintenance and inspection. Regular
    inspections have various benefits, including
    giving you an opportunity to learn about your
    property and tenants, uncovering unauthorized
    residents and uncovering major maintenance issues.

4
What Should Your Maintenance Schedule Be?
  • Your property manager should inspect your
    rental property on a regular basis, including
  • Before a tenant moves in
  • After a tenant moves out
  • Before a lease renewal
  • Six months after renting to a new tenant
  • The property should also be inspected
    whenever theres a major concern or emergency
    repairs are needed.

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  • For example, if a tenant makes excessive
    maintenance requests or is abnormally late on
    rental payments. An inspection can uncover
    additional maintenance issues, deliberate
    sabotage or a change in the tenants financial
    situation.

6
Inspections Are Learning Opportunities
  • Inspections are learning opportunities for
    owners, managers and occupants. They can teach
    you more about certain aspects of your property,
    as well as how to care for them.

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  • Property managers can also get the inside
    track on common maintenance issues or neglected
    areas, and occupants can learn how to better
    maintain appliances and other major components of
    their rental. Additionally, the property manager
    can use inspections to gather feedback and
    provide maintenance instructions to employees and
    tenants.

8
Uncover Unauthorized Tenants and/or Squatters
  • The best property management companies in
    Edmonton will set and enforce strict rules for
    occupancy, and perform routine inspections to
    uncover violations. Unauthorized roommates or
    occupants can be a major issue if you own
    multiple rentals and fail to follow a regular
    maintenance schedule. Regular inspections can
    also uncover pet policy violations.

9
Inspections Can Uncover Major Maintenance Issues
  • During every inspection, your property
    manager should take note of cleanliness and
    upkeep. How well your tenants maintain their
    rentals could reflect how well property
    management is performing.

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  • Maintenance of common areas, plumbing,
    heating and cooling appliances, major building
    structures (i.e. the roof) is also important and
    a reflection of management. Your property
    management expert should
  • Change air dirty filters
  • Check for structural issues within the
    building
  • Perform a visual inspection for mold, bug
    and rodent infestations

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  • Look out for blockages that could hinder
    air conditioner or furnace performance
  • Inspect for damage or vandalism
  • Give your property manager the room to fix
    every issue, as they have the knowledge and
    experience. Remember that any small issue can
    turn into a major one. If you're looking for
    reputable property management in Edmonton, look
    no further than Group Three Property Management!
  • http//www.groupthree.ca/
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