Recent changes to the tenancy law have certainly put a whole new spin on the way landlords manage the risks associated with renting out residential properties.
As the rental industry comes to terms with the full effects of these changes, experienced landlords and top-notch property managers are busy developing
new best-practice models in order to continue growing their rent roll in this increasingly challenging market.
One such business practice evolving alongside the law changes is that of inspections. As landlords and property managers become increasingly burdened with
higher compliance standards and risks, a properly carried out inspection is become less and less negotiable.
So, ask yourself this, how much do you actually know about your property and the tenants living in it? If you find your answer unsettling, then it is time
to take a look at how your inspection strategy is failing you.
A good starting point? APIA members are invited to come along to the next Property Show-&-Tell session hosted by our good friend Katrina O’Connor of Barfoot and Thompson. Katrina will
be taking you through an actual rental and show you how the pros inspect. Before then, we’ve tapped Katrina to talk to us a bit about property inspection
– the 2019 way!
APIA: Having been a property manager for over 11 years, what would you say are your main objectives when you inspect a property?
KO: For an entry inspection it is to obtain a robust and agreed-to record of the condition of the property
at the start of the tenancy. This sets the basis for comparison during and at the end of the tenancy.
For a routine inspection during the lifetime of...
