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In the video, Kylie from Welcome Home Rentals discusses the purpose of routine property inspections. She emphasizes that these inspections are not primarily focused on whether beds are made but are essential for identifying potential problems. Key issues to look for include dripping taps, which can increase water bills and lead to more significant repairs if not addressed. Safety hazards, such as wobbly railings, loose steps, lifting carpets, cracked tiles, and rotting floorboards, are also critical concerns for both tenant safety and property liability. Additionally, the importance of identifying cleaning-related matters that could cause damage is highlighted, rather than minor tidiness like whether laundry is folded.