We know the stereotype. The "aggressive HOA community" is deeply ingrained in various neighborhood horror stories and other media types.
Indeed, the risk of dealing with an assertive homeowners' association is a legitimate downside of living in an HOA property. You don't want to be the landlord who annoys and terrifies your renters.
That's one reason you must know how to do rental property inspections. Rental property is also a valuable commodity. It's a waste to let the home languish from maintenance issues you let slip by.
Here is a quick and handy how-to guide for HOA rental property inspections. Keep reading to learn the proper way to check in on your investment.
Make a Schedule
Depending on the conditions of the lease, your renters may be paying HOA fees in addition to their monthly rent. Those costs make up a sizable chunk of an average family's monthly income. Tenants won't want to pay those prices for housing that's falling apart around them.
You need to catch problems before they become enormous issues. Keeping a schedule will help with this. Coming by the property like clockwork will help you stay on top of maintenance.
Here are a few tips to help you keep a schedule:
- Inspect the property before someone moves in
- Inspect the property after someone moves out
- Consider inspections every six (or three) months
- Perform yearly inspections regardless of occupancy
Tell Tenants About the Inspection
Rental property inspection laws in most places state you've got to give tenants at least 24 hours' notice before you enter the premises. You must also have a reason for why you're entering.
Barging into someone's home can land you in legal trouble as you could be considered trespassing, even if you own the property. Always send an email or some form of notice that there will be an impending inspection.
Make a Checklist
Property maintenance takes a lot of work. Your HOA rental property may need updates, repairs, and renovations. Keeping a checklist can go a long way toward keeping the home in good shape.
Here is what your inspection checklist should have:
- Windows and flooring
- Plumbing fixtures and pipes
- Electrical systems and fixtures
- Cabinetry and countertops (kitchen, bathroom, and otherwise)
- Walls, drywall, and paint
- Doors and security
Record the condition of each area and note what needs immediate replacing or improvement. List these separately from spots you can fix over the next few weeks or months.
Make the Repairs
The last and most important part of rental property inspections is to follow through with the repairs. Once you schedule and perform the inspections, fix what's broken and make your updates.
Let tenants know what needs repairing and how long (and extensive) the repairs will be.
Don't Struggle With Rental Property Inspections
You're not an HOA homeowner in the traditional sense. However, your property within the community is where someone else lives. You should ensure the rental property inspections go well.
PMI Central PR can handle the HOA property inspections for you. We'll make checklists, inform tenants, and check the home for any damage.
We've helped improve HOA living for property owners and renters for over 20 years. Contact us if you'd like to learn more about our services.