Our job is to make sure that you get the best service possible for the most reasonable price. You pay a fee for us to be there when the phone rings and know how best to handle the issues at hand. Valiant coordinates all efforts to make sure your investment performs well, however we are not the vendor that does repairs on your home. As an example; we do not do plumbing, so we hire the best plumber we can find at a reasonable price. And we do the same for inspections. The price for each inspection is $ 150.00 per report and we recommend at least one every six months/biannually. The tenant pays for the move in report and, if necessary, the move out report. Should you choose to have them more often, we can certainly make that change to your account. All inspections will be uploaded and available to access any time in your owner portal.
These inspections provide greater protection for both the brokerage and the owner.
Here's a few reasons why:
Some items addressed at each inspection:
A/C filter check and size documentation
Property Code (ie. Door locks, door viewers, smoke alarms)
Smoke Alarm Testing
Insurance Risks (Trampoline, baby pool, etc)
Deferred Maintenance Issues
The report consists of:
3rd Party Unbiased Documentation
80-120 photos with comments about the home
25-50 pages of documentation
First and foremost, this is a very common request in the industry and is usually at very little to no cost to you. Contact your insurance provider for details.
One of the major benefits to using a property manager is to help reduce a landlord's risk of owning a rental property. To maximize this benefit and to further reduce a landlord's risk of liability, landlords should add their property manager as "Additional Insured" to their insurance policy.
In the event of a claim such as personal injury, the property manager and the owner are often the target. However, most reputable property managers include an indemnification and hold harmless clause as part of their management agreement. In the worst of cases, in the event major litigation takes place, having the property manager listed as “Additional Insured” creates a unified defense, with one insurance company defending both parties, streamlining the defense and significantly reducing legal expenses for all parties, for which the owner is ultimately responsible.
Most reputable property management companies carry general liability and errors and omissions insurance which offers protection against mistakes or wrongful acts made by the management company. However, these policies do not provide protection against matters involving the property itself, which leaves the manager exposed to claims of personal injury related to fire, leaks, burglary, etc. Without an Additional Insured endorsement, the management company would be required to defend itself, and then seek reimbursement from the owner, which is ultimately more costly for all parties involved.