Prop Hound

The Property Walkthrough Checklist

What to look for before you even call an inspector.

  • Walked the whole property, not just the rooms I liked.
  • Checked the roof from the ground for missing shingles or sagging.
  • Checked ceilings and walls for water stains.
  • Checked the foundation for cracks larger than a hairline.
  • Tested every faucet and toilet for slow drains or weak pressure.
  • Checked the water heater's age (stamped on the tank, most last 8-12 years).
  • Checked the electrical panel for an old fuse box or exposed wiring.
  • Ran the HVAC's heat and AC and listened for strange noises.
  • Walked the yard and checked for standing water near the foundation.
  • Opened and closed every window, checked for stuck frames or foggy panes.
  • Checked the basement or crawl space for a musty smell.
  • Looked for signs of pests or termite damage: mud tubes, hollow-sounding wood, discarded wings.
  • If built before 1978, flagged this for a lead paint test. Federal law requires disclosure either way.
  • Took photos of everything.

How to use this checklist

Work through it top to bottom for the specific property or market you’re looking at, and don’t mark an item done until you’ve confirmed it yourself or heard it from someone you trust. If an item doesn’t apply, write down why, since the reason is often the thing you want to remember when you compare it against the next property. Keep your answers somewhere you can find them, such as a note per property. It is general information, not tax, legal or financial advice, so check anything high-stakes with a qualified professional. You can also print this page or get the PDF in the First-Time Investor Toolkit.

More rental investing checklists

This checklist covers one step. We check new listings every night.

Prop Hound screens new rental listings in your market against your own numbers, so you only see the ones worth running a checklist like this on.