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Friday, April 11, 2025

Are You Protecting Your Biggest Investment? Here’s Why Routi…

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Did you know that if you fail to conduct regular inspections at a rental property, it can lead to an insurance claim denial?

Obviously, owning an investment property is a big deal—it’s not just a source of income but a key step toward building long-term wealth.

But let’s be honest: being a landlord comes with plenty of responsibilities, and some tasks are better left to the professionals.

One of those is routine inspections.

InspectionInspection

The purpose of routine inspections

Routine inspections are more than just a box-ticking exercise.

They serve two critical purposes: ensuring the property is being looked after and identifying any maintenance issues before they escalate into costly repairs.

Tenants are required to care for the property as part of their lease agreement, but without regular inspections, how can you be sure?

Likewise, even the best-maintained property can develop problems—leaking taps, a damaged roof, or a pest infestation.

Catching these early can save thousands of dollars down the track.

The legal landscape

Regular inspections also help landlords meet their legal obligations.

Australian tenancy laws vary by state, but all require landlords to maintain their properties to a habitable standard.

Failing to address issues promptly, especially those flagged by tenants, can lead to fines or legal disputes.

Routine inspections by your property manager ensure you stay compliant and maintain a positive relationship with your tenants.

If they are not conducted in line with tenancy requirements, or if they are not conducted at all, they can impact things when it comes time to make an insurance claim.

Two scenarios that show why inspections matter

1. The Neglect Nightmare

Imagine this: you haven’t inspected your rental property in over a year.

The tenants seem fine, the rent comes in on time, and everything feels under control.

Then, one day, the lease ends, and you’re hit with a nasty surprise.

The carpets are stained, the walls are covered in scuff marks, and the garden looks like a jungle.



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