i am currently renting out one of my houses...strangers, found via craigslist. we have no relationship outside landlord/tenant...we go months without any communication, they've paid on time every month. they have an 18 month lease that was signed 15 months ago... a couple weeks ago, they mentioned they were interested in re-signing the lease, if we would offer them the same terms for an additional 24 months. we are managing the property ourselves.
would it be weird if we requested to do a walk-through before we sign again? we have it stated in our contract that we can do a walk through whenever we want, if we give 48 hour notice (it was a standard contract)...but is it an invasion of privacy? do we just take a blind leap of faith and never walk into our house for another 2 years? we are friends with the neighbors (we used to live in that house), and the neighbors say they are good/nice people. my only concern is that the renters have 2 large dogs. it's a newer/nicer home in a decent neighborhood, so rent is higher than average..so it's not young college kids living there or anything..it's a young couple (early/mid 30's) and her brother (late 20's).
#needTBtomakemydecisions
Re: NBR: landlord/renting question
My apt complex now has quarterly inspections. They don't actually inspect, but they do replace the air filters which is nice. A few months ago they replaced specialty lightbulbs. I need the dates since I have dogs and they request they be kenneled during that time.
May Siggy: Baby in disguise
we decided to keep it steady because the hassle of finding someone we liked to rent our house the first time took too long and was stressful...they really do seem like good people and pay on time. what they pay is already more than our mortgage for that property.
I would look for any issues with stairs, handrails, any rotten wood anywhere outside (like on a deck or porch, for instance). Makes sure there are no leaky faucets and the toilets aren't running (along with checking the tub caulking).
If there is a washer/dryer, I'd look at the vent to make sure it's not blocked and looks to be cleaned regularly.
Check out the oven, furnace, water heater - anything that would cost major $$$ if you had to replace because someone didn't tell you there was an issue timely.
On that note, depending on what you have for a heating system, I'd probably send someone over to do a maintenance check on it.
And like other PP have said, I'd probably ask the tenants if there is anything of concern to them maintenance-wise.
Before getting married and buying a house, I rented from an individual for 5 years, a complex for 5 years, and a property management company for 2 years. Each of them had walk-thrus written into the lease agreement and they always gave at least 24 hours' notice. The complex did the most maintenance, iirc. They checked fire alarms, smoke detectors, extinguishers, they looked for pests, wear and tear (that would fall into their responsibility, like light bulbs, scuffs, caulk, cracked windows, etc).
Tenants with nothing to hide will have absolutely no problem with it. Those that hesitate might be problematic and you'd want to know that now, not it two years or more. It's a win-win.
On a side note I wish my tenants wouldn't talk to me for months at a time.