Why Do A Property Inspection?
Property inspections are key for several reasons. The main benefit is the fact that it documents the condition of the property at a particular moment in time and this can be used as a reference in a dispute over security deposit money. Believe it or not, this benefits the owner of the property, the property manager and the tenant, as well!
It eliminates questions...
At the time a new tenant moves in, a thorough walk through with photos and video should be made to record the condition of the property. At time of move out, one year later or three years later, there will not be a dispute as to who caused any damage, or if an issue was present when the tenant took occupancy of the property.
Property managers, whether professional or self-managing, need to abide by certain state and federal regulations, including returning security deposit collections minus repairs in a timely manner. A vacated tenant must be given a reason for any withholding of funds and this is where the inspection report comes in. We use 100s of photographs to document every aspect of a home, compiled in a room-by-room report with archived full-resolution images stored on a server. A thorough report by a professional management company will settle any disputes quickly rather than have interested parties relying on false memories from years ago and possibly taking things to the courts. An inspection report helps you:
- Document the condition of a property at a specific moment in time
- Generate a "To-Do List" to get the property ready much faster
- Get the property rented much faster
- Save on costs for maintenance and repair over time
- Handle stressful situations for you
- Deal with any possible disputes
- Communicate a set of professional expectations to all parties involved
This is just of the things a professional manager can do for you. If you need better services, or tired of doing it on your own, call us here at PMI Service Group - 630-912-8742
