Have you invested in a rental property in Reno, Nevada? You've made a wise choice, as the city has seen a 6.4% population growth since 2020!
However, don't be in a hurry to rent your property. Before you start seeking tenants, you have to ensure that your rental home is in the right state. The solution is to hold rental property inspections.
You can also conduct these inspections during occupied periods. Rental inspections are crucial for consistent property maintenance.
Here's what you should know about them:
Rules for Rental Property Inspections
You'll need to follow the state laws to ensure compliance with your tenants. This includes making sure that your property is in a condition fit for your tenant. Nevada law requires one property inspection to be conducted before you rent your property.
You must also ensure your property has to be in a great condition throughout your tenant's stay. Once your tenant moves in, property maintenance becomes a responsibility for both parties.
Rental property inspections can help you check your home's condition. You'll be able to see if your tenant has been diligent with property maintenance. The best tenants will appreciate you for this. They'll want a landlord who regularly checks for any potential issues.
If there are issues that require repair or renovation, you may keep part of their security deposit to cover the costs.
How Often to Conduct Rental Property Inspections
Apart from the initial mandatory rental property inspection, how many should you conduct? There are no fixed rules, but we'll share a few guidelines for you to consider.
Let's presume you have signed a one-year lease with your tenant. You can consider, at a minimum, two inspections during their stay. One inspection could be six months into their stay. The other inspection can be closer to the move-out date.
You can also host an inspection on the move-out day. Discuss your inspection dates with your tenant. Your lease agreement should state that you'll conduct rental property inspections.
Your tenant has the right to remain at the property during each inspection. The inspection should occur at a reasonable time. Don't enter the property without your tenant's consent. It shouldn't interfere with their daily life, for example. They shouldn't have to leave work to attend the inspection.
If you want regular inspections, you can conduct one each quarter. However, too many inspections might make your tenant uncomfortable. Focus on proper rental management to avoid the need for frequent inspections.
Follow Our Landlord Advice
As a landlord, you'll need to stand out from the competition. With regular inspections and maintenance, you'll offer the best service to your tenants.
You must have one rental property inspection before you can advertise your home for rent. Once it's been approved by the state, you can rent your property. Consider at least two rental property inspections for a one-year lease.
If you need help, you can hire a property management company to arrange these inspections.
PMI Diversified Properties has received many positive testimonials from Reno landlords. We look forward to helping you!
Contact us to learn more!
