Purchasing a rental home is probably one of the largest investments you will ever make. You want to keep your investment in great shape. Lack of regular maintenance to your property could jeopardize its value. Property inspections are vital, and they can prevent problems before they become serious issues that can lead to costly repairs. Inspections are a way to protect your investment. Here are the four most common types of rental inspections:

 

  1.  Move-in Inspection

The move-in inspection is conducted by the tenants and made during the move-in process. You definitely want your tenant to conduct this inspection, this way they can never say that they didn’t know the condition of the property when they moved in. You want to provide your tenant with a Condition of Rental Property Checklist. The tenant needs to walk through the property and document the condition of the property and document and notify of any pre-existing damages. Once the inspection is completed tenants and the landlord should review the checklist. Each party keeps a copy of the signed checklist. This checklist is very important because as a landlord you will use this checklist during the move out inspection. The checklist will help determine if any of the tenant’s deposit will be retained for cleaning or repairs.

 

  1.  Routine Safe and Clean Inspections

Routine inspections are very important because they ensure that the property is well cared for and check to see if there are any maintenance or health and safety issues. It is important that as an owner when you make a lease agreement you add annual inspections. You need to perform a routine inspection periodically and review the property inside and out to evaluate the condition of the property. You should give your tenants a minimum of 7 days’ notice. Regular property inspections can save you thousands of dollars. They are an excellent time to check out the condition of the rental, check-in with your tenants and identify any potential problems or lease violations and determine if the lease should be renewed. This inspection should also be documented and supported by pictures.

 

  1.  Drive-by Inspections

Drive-by inspections are a useful tool to see the property outside condition and see if there are any irregularities. These inspections don’t need to be pre-notified. Things to inspect during the drive-by:

 

  • Are overgrown trees and brush visible, which could damage the exterior of the building or surrounding infrastructure?*
  • Are the trash bins being left out too long?
  • Have appropriate preparations been made for changing seasons and upcoming storms?
  • Are there unauthorized occupants living in the home?
  • Are there unauthorized pets?
  • Is there any safety and/or liability issues that can be seen?

 

  1.  Move-out Inspections

You need to perform a move out inspection after the tenancy period is over.  Move-out Inspections are made to review the property’s condition and to determine the extent of damage your tenants may have caused throughout their tenancy. This serves as a formal agreement between the landlord and tenant that assures accountability for damages found (if any).  As part of the lease agreement, it is the tenant’s responsibility to return the property in the same condition that it was given to them, minus normal wear-and-tear. Once you are finished with the move-out inspection compare it with the move-in inspection report. You may then determine how much of the security deposit can be used if needed.

 

If you are looking to hire a property management team that will protect your investment don’t hesitate to call us (765) 459-8034. At CRM Properties we make sure your property is being well maintained.

 

Bethan Johnson

Turn Coordinator

Bethan is a Property Manager Assistant. She performs all property inspection and evaluations, creates tenant invoices and oversees disposition of security deposits.

Why choose CRM Properties?

We have the best selection of homes in the Kokomo area. Our staff’s dedication to customer service leads to a swift response to maintenance and tenant questions.

 

What is your screening process?

We verify income with copies of pay stubs and verification from your employer. We check court records for any judgments and criminal activity. We also contact your previous landlords directly for a referral. We will verify that the person we call is actually your landlord.

 

Are pets allowed?

Most homes allow pets. We do have breed and size restrictions. We limit the number of allowed pets and you must provide proof of vaccinations on all pets. We charge an additional $25 per month and $150 additional deposit.

 

How much is the damage deposit?

The damage deposit is equal to one month’s rent. An additional $150 is required for all pets.

 

How long of a lease must I sign?

Our leases are typically one year. During winter months we structure our leases to expire during the spring.

 

How do I pay my rent?

You can pay rent in person with a personal check, cashier’s check or money order. You may set up an e-payment or direct deposit. You may also mail your rent or use our dropbox.

 

What happens if I can’t pay my rent on time?

We do not make arrangements on rent. Rent is due on the 1st of each month. Late fees start on the 5th. If we do not receive rent by the 15th we file an eviction. You may stop the eviction if you pay rent in full prior to the eviction date.

 

How are utilities handled?

Utilities are typically the tenant’s responsibility. Utilities must be transferred into the tenants name prior to signing the lease. If the tenant is responsible for the sanitation bill and fails to pay it, we reserve the right to increase the monthly rent and include sanitation in the rent.

 

What do I do if I have a maintenance request?

Why choose CRM Properties?

 

What do you charge?

 

When do I get paid?

 

How much is the damage deposit?

 

How long will it take to get my property rented?

 

How do you market my property?

 

What is your approval process for tenants?

 

What is the tenant deposit and length of lease?

 

Do you accept pets?

 

What is the eviction process?

Amanda Mendenhall

Leasing Agent

Amanda is our Leasing Agent. She oversees property showings and screens applicants.

Bethany Shoffner

Portfolio Manager

Bethany is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience.

Hannah Dobbins

Resident Service Coordinator

Julie Mullinax

Operations Manager

Julie is our Operations Manager. She oversees the staff and the day to day operations of our company.

Heather Johnson

Property Manager

Heather is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience

Jennifer Koenig

Resident Services Coordinator

Jennifer is our Office Assistant. She assists the Property Managers with all property and social media marketing.

Amanda Marshall

Maintenance Coordinator

Theresa Cain-Rush

Property Management Assistant

Darin Olson

Maintenance Manager

Darin is our Maintenance Manager. He investigates maintenance issues and offers suggestions and estimates for repairs.

Lynda Simpson

Bookkeeper

Lynda is our Bookkeeper. She handles all accounts payable and receivables. She also coordinates all owner and tenant billing.

Chris Mullinax

Broker Owner & New Business Development

As President and Owner of CRM Properties Chris helps generate new business and works on making sure the business is compliant with all local, state and national laws and ordinances.

Call us at (765) 459-8034 during business hours.

We guarantee that a team member will be on the other end to answer any questions you may have.

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