According to the Cleveland Multifamily Report, rents in the city increased by 9.5% in 2022, below the national average of 10%. This makes Cleveland an attractive market for renters, creating high demand across the area.
If you're considering investing in one or more rental properties in Cleveland, now is a good time to do so.
Are you a little apprehensive about the responsibilities and risks associated with allowing tenants on your property? Regular property inspections can help you avoid the pitfalls of being a landlord.
Find out more about the importance of property inspections in Cleveland.
1. Types of Rental Property Inspections
There are three main types of rental property inspections you need to know about as a landlord. These are:
A move-in inspection helps establish clarity regarding tenant and landlord responsibilities regarding the upkeep of the dwelling.
You should use a rental property inspection checklist during this exercise to help you keep track of everything you need to do. You should also take photos and videos of important aspects.
Once you've completed the inspection, ask the tenant to sign it to acknowledge your findings. Tenants must return the property in the same condition it was in when they first moved in.
Before a tenant moves out, the landlord should inspect the property to ensure the tenants have kept it in acceptable condition. Landlords can't penalize tenants for reasonable wear and tear such as faded paint, worn carpet, small marks on walls, and water stains in the shower.
They can use their security deposit to pay for maintenance issues related to neglect, like cigarette burns or rips in the carpet, lost keys, and pet stains.
During this final rental property inspection, you'll compare the initial move-in report with the current condition of the property and compile a new report. The tenant should sign this document, too.
You can inspect your property at predetermined times. This might be once a year, every six months, or seasonally.
These inspections are important for keeping your property maintenance schedule on track.
2. Comply With Ohio Tenant Laws
In Ohio, you must give your tenants at least 24 hours notice before carrying out a property inspection.
Under Ohio law, tenants have the right to complain to a governmental agency if the property violates health and safety laws.
What's more, if you don't fulfill your obligations regarding keeping your property in good order, your tenants can escrow their rent. That means they pay their rent to a clerk of the court until you do the necessary repairs.
3. Protect Your Tenants' Safety and Health
During your property inspections, you should take note of any health and safety issues that can affect your tenants. These include:
- Pest infestations
- Structural issues
- Exposed wiring
- Damaged smoke detectors
You must take steps to address these concerns urgently if you want to keep your tenants safe and happy and avoid legal problems.
How to Avoid Doing Property Inspections
There's only one alternative to conducting regular rental property inspections, and that's by signing up with an experienced property manager.
These professionals will do all the required inspections on your behalf, saving you time and ensuring you comply with all relevant laws.
We can help streamline your Cleveland rental property experience. Get in touch for assistance with all your property management needs.