How often does Empire perform inspections?
Empire used to only perform inspections on month 9 of the lease. However, due to demand from our clients we have implemented an inspection on month 3 of the lease.
Owners wanted someone to review the property prior to month nine and have been happy that we now offer a three month inspection and a nine month inspection.
WHAT WILL MY PROPERTY RENT FOR?
Reasons why we perform the inspections at nine months.
- We want to determine if the resident is taking care of the property. If they are not taking care of the property, we will not send them a lease renewal.
- It allows us to determine if there are any maintenance issues that can be taken care of. If the resident is taking care of the property we want to make them happy. Fixing a bunch of small maintenance items will make the resident happy and want to renew their lease.
- The lease renewal goes out to be signed at month ten. It is important to gather information and take care of anything prior to the lease renewal.
Why does Empire use a third party company for inspections?
Empire uses a third party company for a couple of reasons
- Empire has an internal maintenance department. Empire feels it is a conflict of interest to be the company who manages the property, inspects the property and maintains the property. Having a third party inspect the property solves this issue.
- Empire property managers use to walk a property in twenty minutes, produce a handful of pictures with no write up to the owner. The third party company uses trained professionals, takes numerous photos and produces a 30+ page report. See a sample inspection report.
Can I be present when the inspection takes place?
Empire does not schedule the inspections. The inspections are scheduled by the third party company. Empire is only notified once the inspection is completed or if the tenant is not being responsive to get the home inspected. Since Empire is not notified regarding the schedule we do not inform the owner.
Also, the inspector has asked that the owner not be present when inspecting the property. It is difficult enough to inspect the property with the resident present.
We encourage you to go view your property every one or two years. We require a few day’s notice so that we can make arrangements with the tenants. Often the trip to view your property is tax deductible. Check with your CPA.