DFW Rentals | The Importance of Inspections

 

Plano rentals are far more likely to maintain their value if regular property inspections are performed. If you own DFW rentals, you've most likely heard that home prices are rising. As a property investor, this means that the value of your rental property-whether a single-family home, mixed-use property, or multi-family complex-is rising as well. DFW property managers know that one of the easiest ways to retain the increased value of an investment property is by conducting regular property inspections. Ask your provider of property management in DFW the following questions about the property inspections they perform:

 

  • Do you perform a move-in inspection? Move-in inspections are critical to avoiding any disputes about what damage took place during a tenant's stay. Move-in inspections should be conducted with the tenant. Your property manager should document the condition of your rental property using a digital camera or video recorder. After the move-in inspection your property manager and tenant should both sign the inspection report.

  • How often do you perform interior inspections? Your Plano property management company should perform an interior inspection at least once during every tenancy. While Texas laws do not afford tenants especially strong protections against entry by Plano property management companies, make sure that your property manager will respect your tenant's privacy and give at least 24 hours notice. Just as with the move-in inspection, your property manager should document the condition of your investment property using a digital camera or video recorder. If your investment property has incurred damage beyond what is considered normal wear and tear, your property manager should advise tenants about the steps they can take to avoid losing their security deposits.

  • How often do you perform exterior inspections? Exterior home inspections make sure that your property hasn't suffered any structural damage. Your Plano property management provider may complete thorough exterior inspections annually, while conducting cursory inspections every month. For some property managers, exterior inspections amount to little more than driving by the property, without even getting out of their car. Ask your property management company questions in advance about how they will perform exterior inspections.

  • How often are owner's reports sent out? Before you sign a management agreement with one of the Plano property management companies, ask to see a copy of a monthly owners report. Your owner's statement should provide you with all the information you need to make informed decisions about your investment property.

 

A bad tenant can cause a lot of damage to your Plano rentals in a short period of time. When you work with one of the DFW property managers, they will be your eyes and ears, keeping track of your Plano rentals through regular inspections. In order to get the most out of your investment property, it is important to make sure that your provider of property management in DFW conducts regular inspections. If you have any more questions about the importance of property inspections, talk to a OneProp DFW property manager today.

 

 

 

 

 

 

 

ONEprop, Inc. is a Real Estate Brokerage licensed by the State of Texas, TREC license number 414305