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In this video, Kylie from Welcome Home Rentals discusses routine property inspections and their significance. She emphasizes that these inspections are an opportunity to identify potential issues early and connect with tenants, ensuring they feel valued. Key concerns for property managers include maintenance issues such as leaking taps, which can lead to higher water bills and further complications if tenants adjust them improperly. Safety hazards like wobbly railings, loose stairs, lifting carpets, cracked tiles, and rotting floorboards are critical liabilities for property investors. The focus should be on identifying factors that could cause damage rather than aesthetics, such as whether laundry is folded.