Protect Your Investment Property"Conduct Move-In Reports
When the time comes for your tenant to move out of your rental property, you will need to be prepared to complete a security deposit reconciliation; which is when you compare how the tenant left the residence versus the condition it was rented to them in.
This is why conducting a complete and comprehensive move-in report is so indispensable. Having signed, written proof of the condition of the residence prior to the tenant moving in will relieve you of any confusion come move out time.
Don't be too hasty when performing the move-in. A little time allotted for precise and meticulous documentation, will go a long way in the end.
Having an established route you take when performing move-ins or outs help prevent any oversights. Many landlords start with the first room they come to when entering the house. Often it will be an entryway or living room. Now is the time where details matter; marking the entire living room as okay is severely lacking details.
Look at everything. How are the walls? Document any nails holes; are there a lot of holes or just a few? Are they concreted in one area or is throughout the living room? Do the walls need to be painted or is it brand new paint?
Then look for the same things throughout the room. Document the condition of the floors; are there new hardwood floors or linoleum? Are there stains or worn areas on the carpet? Check all the windows and make sure they open and close, check the locking mechanism and screens.
Now continue on this path throughout the house, make sure to check all the bedrooms, bathrooms, kitchen, dining room or area. Don't forget basements, garages, and utility or laundry rooms as well.
The exterior of the home often gets over looked but it is imperative that the exterior condition gets acknowledged. They say a picture is worth a thousand words; as such, it is a tool that a savvy landlord would be wise to implement; during all move- in and move out reports.
When you have completed the move-in report; have your tenant look it over and check the information, make sure they sign and date it. Provide them a copy of the report and allow them a defined set of days to come back with anything that may have been missed. A hole in the wall reported two months later is not acceptable.
Detailed move-in reports are essential to rental properties. You as the landlord and the tenant will benefit from such a report. Not only does it protect the tenant from incurring costs from damage that was present prior to their move-in; it also protects you the homeowner in the event that there is new damage after the tenant moves out. - 23229
This is why conducting a complete and comprehensive move-in report is so indispensable. Having signed, written proof of the condition of the residence prior to the tenant moving in will relieve you of any confusion come move out time.
Don't be too hasty when performing the move-in. A little time allotted for precise and meticulous documentation, will go a long way in the end.
Having an established route you take when performing move-ins or outs help prevent any oversights. Many landlords start with the first room they come to when entering the house. Often it will be an entryway or living room. Now is the time where details matter; marking the entire living room as okay is severely lacking details.
Look at everything. How are the walls? Document any nails holes; are there a lot of holes or just a few? Are they concreted in one area or is throughout the living room? Do the walls need to be painted or is it brand new paint?
Then look for the same things throughout the room. Document the condition of the floors; are there new hardwood floors or linoleum? Are there stains or worn areas on the carpet? Check all the windows and make sure they open and close, check the locking mechanism and screens.
Now continue on this path throughout the house, make sure to check all the bedrooms, bathrooms, kitchen, dining room or area. Don't forget basements, garages, and utility or laundry rooms as well.
The exterior of the home often gets over looked but it is imperative that the exterior condition gets acknowledged. They say a picture is worth a thousand words; as such, it is a tool that a savvy landlord would be wise to implement; during all move- in and move out reports.
When you have completed the move-in report; have your tenant look it over and check the information, make sure they sign and date it. Provide them a copy of the report and allow them a defined set of days to come back with anything that may have been missed. A hole in the wall reported two months later is not acceptable.
Detailed move-in reports are essential to rental properties. You as the landlord and the tenant will benefit from such a report. Not only does it protect the tenant from incurring costs from damage that was present prior to their move-in; it also protects you the homeowner in the event that there is new damage after the tenant moves out. - 23229
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posted by X - Men @ 8:50 AM
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