Last updated by at .

Your 7 Step Guide to Routine Inspections including a Rental Inspection Checklist

Your 7 Step Guide to Routine Inspections including a Rental Inspection Checklist

Routine inspections are used to avoid problems before they become problems or at least head them off before they get too big. Being proactive and completing routine inspections regularly can save big problems down the track.

I talked about routine inspections not too long ago in this space, but we have received several requests for greater detail. Today, I’m going to give you a complete guide for the entire inspection process from scheduling all the way through follow-up.

Read More

How to do Routine Inspections. Your own Rental Inspection Checklist.

How to do Routine Inspections. Your own Rental Inspection Checklist.

Update: This blog has been completely revised and updated. Head over here.

After the screening process to find great tenants, the best way for property owners to protect their rental property investment is with regular inspections. Great tenants are going to treat your property like their own, so your routine inspections will mostly be a way to verify that everything is as it should be.

Read More

Beginner’s Guide to Renting Out Your Property

Beginner's Guide to Renting Out Your Property

My friend Kylie is a busy lady. Between a successful career and a growing family she barely has time for herself, let alone friends. So I was surprised and pleased the other day when she called to invite me for a coffee.

She and her husband Tom recently bought a second house as their first investment property. Now they are ready to see some return on their investment, so she came to me looking for some guidance for self managing their property.

Read More

Beware of These 5 Mistakes DIY Property Owners Make

Beware of These 5 Mistakes DIY Property Owners Make

1.  Failing to Ask for a Bond

This is a security deposit held in case your tenant doesn’t meet their obligations under the lease agreement.

2.  Not Having a Lease Agreement

This is a legally enforceable contract that details the length of the lease, rent amount, and the condition the tenant should leave the property as stated in the condition report.Typically if you are managing a rental property on your own, you may only have the option of purchasing a generic lease agreement from your local news agency or online.  The problem with these generic forms is the lack of important information, like state and territory laws particular to your area. We have free state specific templates for you right here.

Read More