Boise property prices soared in 2021, and they've held their ground ever since. The city has shown significant growth during this time, too, making it an excellent choice for property investors.
Owning an investment property can be a lucrative pursuit if you can stay on top of all the tasks required of you. As a landlord, rental property inspections are one of the most important things on your to-do list.
Read on to explore the benefits of rental property inspections in Boise.
Rental Property Inspections Protect Your Investment
Rental property inspections are the best way to check for lease infringements on the part of your tenants. These occasions might reveal evidence of subletting, illegal activities, or pet policy infringements.
They'll give you a good indication of how well your tenants are taking care of your investment.
By catching and correcting undesirable actions early on, you protect your home from further damage. If need be, you can take steps to evict your tenants before they cause any further harm.
In this way, rental inspections help protect your property from the type of neglect and abuse that can cause it to lose value.
When you carry out regular inspections, your tenants are also more likely to keep the property clean and in good condition.
Stay Up-to-Date with Maintenance Thanks to Inspections
When you visit your home during a property inspection, you must check every detail of the home for wear and tear. Be sure to include the following items in your routine checks:
- Lights and wiring
- Safety equipment like CO2 detectors
Always work from a comprehensive checklist to ensure you don't miss a thing.
Property inspections are a good time to perform preventive maintenance tasks like changing the air filters on your HVAC or servicing fire extinguishers.
Prompt repairs and regular maintenance help prevent small issues from becoming expensive repairs and replacements.
As a landlord, you must keep your rental property in a habitable state, according to Boise tenant law. If you don't, your tenant can file an action against you.
Property Inspections Can Encourage Lease Renewals
A well-maintained property keeps your tenants happy. You can also use these visits as an opportunity to get to know your tenants and build a positive relationship with them.
In the process, you could find out about any improvements they'd like you to undertake. These may include appliance upgrades or energy- and water-saving devices.
Not only will these extras encourage them to renew their lease, but they could also increase the value of your investment property.
You Could Benefit from Premium Property Inspections
Rental property inspections are the best way to protect your investment property from devaluing, stay up to date with maintenance, and keep your tenants happy.
Wave Property Management can help you maximize your rental property thanks to our many years of experience in Boise Property Management. We have tried and trusted systems in place to ensure we don't miss a thing when we visit your property.
Get in touch to experience the convenience of our comprehensive Boise property management services.