Annual Rental Property Inspections 

Imagine discovering a leaky roof, broken appliances, or hidden mold in your rental property—months after it started causing damage. For landlords, these kinds of surprises are not only frustrating but can also be costly. 

That’s where periodic property inspections come in. Regular inspections (whether they’re annual or more frequent) serve as your property’s routine check-up, allowing you to catch small issues before they snowball into large repairs. 

In this article, we’ll dive into why rental property inspections are crucial and some tips to help you maintain your investment over the years. You can also utilize our rental inspection checklist to guide your annual inspections, or you can repurpose it as a tenant move in checklist pdf. 

The Importance of Regular Property Inspections 

Many landlords mistakenly think that inspections in-between leases are enough. However, conducting inspections regularly throughout the lease term can help cut down on serious problems—and expenses—in your rental property. Below are a few reasons to conduct annual property inspections, regardless of whether you’re turning over the unit.

1. Reduce the need for major repairs

Some remodels or repairs are inevitable. Rental properties will usually need walls patched and painted, appliances replaced, and repairs to larger building systems like roofs and furnaces as the property ages.  

However, the sooner you notice the need for a repair, the less damage your property will incur. For example, while a tenant may not notice a small ceiling stain caused by roof leakage, if you conduct regular inspections, you will notice the need for a roof repair before severe water damage has the chance to set in. A rental property owner who is attentive to small issues before they become big ones is the most successful at minimizing expenses over the long term.

2. Check whether tenants are abiding by the rules

Each tenant will have signed a lease agreement prior to moving into your rental. Lease agreements contain guidelines for how to behave in the property. For example, you may have rules against smoking, bans against certain breeds or sizes of pets, or restrictions due to maximum occupancy regulations.  

If you only conduct inspections before and after each tenant, it can be difficult to gauge whether they are following these lease agreement rules. By setting an expectation that you inspect the property on a regular basis, tenants will be inclined to follow your rules more closely, giving you the opportunity to notice and rectify any violations before they become more serious problems.

3. Build a trusting tenant/landlord relationship

As with any business, running a rental business is about the connections you make with your clients. Tenants will be more likely to re-sign with you if you make an effort to establish an open line of communication and fulfill your obligations as a landlord.  

By showing up to maintain the property consistently, you can encourage tenants to share any concerns they may have about living there so that you can fix issues as soon as possible. If tenants trust you to remedy any problems they have with their space and include them in the inspection report, they may be more inclined to stay for another lease term. 

Tips for Effective Inspections 

Now that you understand why regular inspections are so important, here are a few tips for making your inspections effective and worth your time. 

Choose an inspection schedule.

It’s important to decide how often you’d like to inspect your properties. Tenant privacy and comfortability may be violated if you conduct inspections more than a couple times a year—and property maintenance may not decline enough within that time frame to warrant an additional visit. Besides pre- and post-tenant inspections, we suggest limiting the number of inspections to one or two per lease term. 

Keep good records.

As with all property management tasks, inspections should be thoroughly documented. Be sure to take notes while you inspect the property, and don’t forget to digitize a copy for your records.  

Your tenant may also wish to keep a copy, either printed, emailed, or stored on their tenant account. This way, tenants are fully briefed on the status of their rental unit and have access to the documented need for repairs or renovations. Bigger projects like flooring replacements or large-scale renovations may inconvenience tenants too much to be conducted while they are living there—if these rehabs can wait, delay them until you’re between tenants. 

Keep everyone in the loop.

If you work with a team of property managers, maintenance personnel, or independent contractors, share your inspection notes with them. This will make it easy for all involved parties to see which repairs need to be done in each unit. Your staff or contractors should also have a way to communicate back to you about the status of repairs and projects (such as a maintenance management tool on your property management software). 

Conclusion 

While inspecting all your properties can be time-consuming (especially if you operate many units), tools like an annual rental property inspection checklist pdf can cut down on the stress and burden of rental inspections. Ensure that your property remains in good condition by checking off each rental aspect as you conduct your inspection.  

You can download Innago’s printable rental inspection checklist pdf free of cost at the top of this page.