Property inspections and maintenance are some of the most important things you must engage in as a commercial landlord. They are critical to ensure the upkeep of your investments and avoid falling foul of Philadelphia's local property regulations. So, how do you ensure you perform such a vital task without it taking over your role as your portfolio grows?
Below, we explore the importance of these inspections and offer ways to make the whole process easier for you. Read on to discover the secrets of a less stressful life as an investor.
The Role of Property Inspections
Performing a property inspection ensures you have a good understanding of the state of repair of a property. It can help you to address any property maintenance issues early, avoiding the possibility of a lack of oversight exacerbating existing problems.
These inspections also give you a record of the commercial property's condition. Performing them can thus protect you in the event of disputes. They also help you maintain the value of your property.
Failing to have a license to inspect properties in Philadelphia may also mean you breach local building codes or laws. As such, regular inspections within the law can also help you avoid significant fines or property closures.
Landlord Responsibilities During Inspections
You cannot simply show up unannounced and perform an inspection. It is often sensible to organize an inspection schedule plan with your tenants so you both understand when it will occur. When this comes about, or if a tenant requests a landlord inspection, you must:
- Provide documented notice before an inspection
- Ensure only licensed individuals perform the inspection
- Focus on the current state of the property
- Document any immediate repairs or maintenance needed
You must also ensure that you cover all essential property areas during an inspection, including:
- Electrical systems
- Plumbing
- Structural integrity
- Safety equipment
You may also wish to provide feedback on the property's general tidiness. Poor cleanliness can often lead to infestations from pests or vermin, causing issues for the tenants and their immediate neighbors.
Understanding Tenant Rights During an Inspection
Philadelphia law protects tenants' privacy. During an inspection, tenants should understand that a landlord should not unduly disrupt their space. A tenant must have the assurance of no unreasonable disruption to their use of the property.
In Philadelphia, other inspections only occur after a request from the tenant. Thus, according to Pew Trusts, only around 7% of properties are inspected annually. However, exceptions to this exist to allow for inspections of a building's utilities, structure, or safety.
While tenants are not required to be in the property, they may choose to do so. They also have a right to request the report following the inspection, which they may need for recordkeeping.
Take the Weight of Property Inspections Off Your Shoulders
While property inspections are vital to maintaining compliance and ensuring property upkeep, they don't need to be a chore. You can still ensure thorough inspections and avert costly repairs by working with rental commercial property management. You do not even need to organize them yourself.
Businesses such as PMI Greater Philadelphia can work with you to ensure property checks are completed efficiently, documented, and free from legal troubles. So, contact us and discuss how we can help with. Start improving your role as a property investor today.
