One of the biggest concerns landlords have when new tenants move in, is whether or not the property will be damaged and if so, if the tenant will actually pay for the repair costs. The best way to reduce the amount of damage property sustains as a result of tenants is enlisting the aid of a property management company that provides hands on service.This includes routine property inspections. These inspections allow the property management team to quickly identify and rectify the types of problems that, if left unchecked, would have a detrimental impact on the property’s value.
When selecting a property management company to handle the task of handling your rental properties, there are several very important questions you need to ask about their property evaluations.
How is the Orlando Move in Inspection Conducted?
Before signing a rental agreement, tenants are supposed to walk through the place where they will be living and complete a detailed inspection.This includes dated digital photos of areas that are already damaged. The property manager should be in attendance during this inspection so they can answer questions the tenant has and document the process. At the end of the move in inspection, both the tenant and the property manager should sign an inspection report that includes a detailed list of the rental property’s current condition.
The move in inspection report should stay in a record maintained by Orlando Property Management. The tenant should have a copy of the same report.
How Frequently is the Interior of the Rental Property Inspected? Do Tenants Know the Inspection will be Taking Place?
Good property managers go inside each rental property at least once a year to make sure everything remains in good order, and most prefer to conduct an interior inspection every six months. During each interior inspection, Property Management Orlando should have a check list that includes the overall conditions of:
- Electrical wiring
- The quality of the smoke detectors
- Furnace/water heater/air conditioner
- Condition of appliances
- Lease violations
State law requires that tenants have to 24-48 hours notification prior to the interior inspection.
No property owner should even consider working with a Property Management in Orlando that doesn’t provide routine interior inspections
What’s the Frequency of Exterior Property Inspections?
Reputable property management firms are diligent about conducting regular exterior property inspections. Depending on the management firm’s policy these are often done every month or on a quarterly basis. Often the person handling the inspection simply drives past the property and makes a note of the overall appearance of the property. While, this is acceptable, property owners should make sure they’re working with a rental property management firm in Orlando that also has a full scale exterior inspection conducted at least once or twice a year. The results of these full scale exterior inspections should be included in a formal report.
Learn if Property Management Orlando Provides the Owners with Reports.
Before signing a contract with the firm, request to see samples of all their Florida property evaluation forms, and request that a copy of each inspection done on your property be sent to you so that you remain up do date on the current condition of the property.
The better Property Management Orlando is about their evaluations, the more profitable the entire experience will be for you.
better position to continue your dream of investing in real estate.
When you purchased a rental property, it’s likely that you already had goals for the property. It’s important that you discuss both your long term and short term plans with the realtor handling your estate so that they can plan both their marketing and management practice to accommodate those goals. Other things you will need to discuss with the realtor include:
- How to maintain the property
- Whether or not you’ll allow pets
- How you feel about subletting
- How and when major improvement projects will take place
One of the things you will want to discuss with the real estate company is how they intend to market the property and how long they think it will take before they find a tenant that will fall in love with it.