How Vital are Termite Inspections for Rental Properties?
Updated: 5 days ago
If you live in Queensland, the answer is "Extremely Important". Results Home Services have just treated an investment property in Forest Lake for significant termite damage (see photos).
The unfortunate thing about this scenario was that it was avoidable. The house was purchased as an investment property a few years ago, as it was part of the buyer's retirement plan. The property management company they had initially chosen was very organised and had always arranged yearly termite inspections. But unfortunately, three years ago, the property management company was bought, and the new company never stayed on top of the inspections; hence, no termite inspections were carried out during this period.
During this time the tenants had noticed "funny noises in the walls "but failed to report it to either the owners or reals estate. Only when the investors decided to cash in on the rise in the property market did they organise termite inspection themselves. To their horror, they found termites had eaten out one whole side of their house. The missed termite inspections, unfortunately, had allowed the termites to cause thousands of dollars of damage.
This oversight was to cost the property owners thousands of dollars and some very inconvenienced tenants and upset owners. All could have been avoided with regular termite inspections and a complete termite management program.
As property managers, it is essential to protect your client's investments by providing correct termite advice on a yearly termite program. For the investors, it is important to be proactive and ask your property manager to outline what action they take to protect your investment from a termite attack.
Unsure if your investment property termite program is up to date? Give us a call or email us. At Results Home Services, we are happy to talk about the best option to protect your investment home.