The Cost of Skipping Routine Inspections
Did you know that failing to conduct regular inspections at your rental property might result in a denied insurance claim? It’s true! Routine inspections are essential for landlords and property managers because they protect your investment, ensure compliance, keep tenants happy, and help avoid costly legal and financial issues.
Why Routine Inspections are so Important
Routine inspections go beyond making sure tenants tidy up. These visits are vital for:
- Preventing Legal Issues: Unsafe property conditions, like a loose handrail or damaged stairs, can lead to injuries and lawsuits. Inspections help identify and fix these hazards before they cause problems.
- Maintaining Tenant Satisfaction: A well-maintained property feels safer and more comfortable, fostering a positive landlord-tenant relationship. Happy tenants are more likely to stay longer, reducing vacancy rates and turnover costs.
- Protecting Your Investment: Regular checks catch wear and tear early, preventing minor issues from becoming major repairs and preserving your property’s value over time.
What to Focus on During Inspections
Inspections are a balance—respecting that the property is someone’s home while ensuring it’s well cared for. Here’s what to prioritize:
- Water Damage or Leaks: Watch for signs like mould, peeling paint, or bubbling walls, especially around bathrooms. Ignoring these can lead to costly repairs.
- Pest Activity: Look for evidence of infestations that might need immediate attention.
- Damage: Spot damage caused by neglect, like untreated calcium buildup on shower screens, which becomes nearly impossible to remove over time.
- Future Maintenance Needs: Identify wear and tear that will require attention soon.
Stay Compliant
Routine inspections must follow tenancy laws, including limits on frequency and notice requirements. In Western Australia, inspections are capped at four per year, and landlords must provide the correct notice and documentation.
The Insurance Factor
Many landlords don’t realize the connection between routine inspections and insurance claims. If significant damage occurs and the insurer finds that missed inspections contributed to the problem, they may reject your claim. Insurers consider regular inspections part of your responsibility to catch and address issues early.
Make Inspections a Priority
Routine inspections are a straightforward way to protect your property, strengthen tenant relationships, and avoid legal or financial troubles. They’re a proactive measure that benefits everyone involved—landlords, tenants, and insurers alike.
By conducting thorough and compliant inspections, you’ll preserve your property’s condition, safeguard against surprises, and maintain the coverage you need if something goes wrong. Don’t leave it to chance—make routine inspections a key part of your property management strategy.
