From time to time, it will be necessary to have your rental property inspected. Such inspections will help you protect your property while ensuring your tenants are living under safe conditions. When done on a regular basis, the inspections can save you money by identifying repair issues early.
How Much Should You Expect to Pay for an Inspection?
The average cost of a property rental inspection is $250. It is an expense that you can’t deduct from the tenant’s security deposit, so it’s important to add this sum to your budget. Make sure to ask about these fees before hiring someone to inspect your rental property, as some companies may charge more. (more…)