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Property Inspection Checklist

Exterior

Check for any damage to the building's exterior

Inspect landscaping for any necessary maintenance

Check for proper lighting around the property

Interior

Inspect each unit for cleanliness and any needed repairs

Test all appliances to ensure they are in working order

Check for any signs of pests or infestations

Common Areas

Inspect common areas for cleanliness and any needed repairs

Test all common area amenities such as pool or fitness center

Check for any safety hazards such as loose handrails or slippery floors

Leasing Checklist

Marketing

Ensure all available units are listed on property management website

Utilize social media and other online platforms to advertise available units

Create eye-catching signage on the property to attract potential tenants

Screening

Conduct thorough background and credit checks on all potential tenants

Verify income and employment information for each applicant

Check references from previous landlords

Lease Signing

Review lease agreements with tenants to ensure understanding of terms

Collect security deposits and first month's rent

Provide tenants with keys and any necessary information for move-in

Maintenance Checklist

Regular Inspections

Schedule routine inspections of all units and common areas

Create a maintenance schedule for regular upkeep of property

Address any maintenance requests from tenants in a timely manner

Emergency Repairs

Have a plan in place for handling emergency repairs 24/7

Ensure all necessary tools and supplies are readily available for maintenance staff

Communicate with tenants about any planned maintenance that may affect their living situation

Financial Checklist

Budgeting

Create a detailed budget for the property including expenses and projected income

Keep track of all financial transactions related to the property

Monitor expenses to ensure they stay within budget

Rent Collection

Establish clear rent payment policies for tenants

Set up a system for collecting rent payments either online or in person

Enforce late fees for any tenants who do not pay rent on time

Reporting

Generate regular financial reports for property owners

Provide detailed reports on income, expenses, and any outstanding payments

Keep accurate records of all financial transactions for auditing purposes

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