to go all out and detailed like a home inspector would for an appraisal. Instead, slowly and carefully walk throughout your property, every room included, to check for any signs of damage or other maintenance issues. One benefit of doing this regularly is dealing with the issue early on, to avoid further issues, more damage, more repairs, and less money in your bank account. For example, if your current tenant is six months into their rental, and they’re causing a lot of damage to your property, you can deal with the issue right away, and—if the situation warrants it—begin the eviction process and remove the tenant before they cause any more damage to your property.
UNPAID BILLS
Regular property check-ups don’t just apply to property damage issues. Checking up on your property regularly can also help you monitor any unpaid bills, particularly related to utilities. You need to ensure tenants are paying for all utilities—for the sewage, for the electricity, for the heat, for the water, for other basic maintenance, and for emergency repairs, etc., and that they are making sure everything is being handled properly. But here’s the bottom line. No matter the issue, if you find out about it sooner rather than later—whether it’s a small maintenance issue, some major property damage, or unpaid utilities bills—you can deal with it quickly and protect your investment.
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