The reality is that regular property inspections are a key way that investors can protect the overall value of assets in the long term.
When someone buys their first investment property, their key focus is finding a suitable tenant.
Once they have found a tenant, most landlords tend to undertake property inspections irregularly or not at all.
Inspection is one of the areas most overlooked private landlords because many do not have the time to undertake thorough property inspections, or they trust the tenants to look after the property.
Regular property inspections ensure that the tenant knows they have to keep the property in good condition and advise the owner of any maintenance issues that need to be addressed.
Ensuring that the investment property is kept in a good condition results in greater savings for the landlord in the long term.
Private landlords should consider using the services of a professional property management company to undertake regular inspections. This service is tax deductible.
Excerpts from Blogger Dan Mcquillan-smartpropertyinvestment.com
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