Protect Your Investment Property"Conduct Move-In Reports
Move out reports and security deposit reconciliations are by far one of the least favorite things for landlords to conduct. Often is it because they don't know exactly what condition the property was in when the tenant moved 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.
When performing the move-in report, make sure you allow yourself plenty of time to be accurate and methodical in your records. This will save you headaches in the long run.
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.
Time and again the exterior of home gets ignored. The exterior has many components to it; yard, fences, sprinklers, stairs, walkways, driveways, mailboxes, and the list goes on. If there is damage to one of these components and you do not have proof of its condition prior to move in, you will be stuck with the repair bill. Do not forget the exterior of the home.
After you have finished the report; review it with your tenant. Address any issues or questions they may have. Make certain the sign and date the form, and provide them a copy for their records. Also, allow them time to report any missed details, usually about 7 days. A report of a fist size hole through a bedroom door reported three months after they move-in is not tolerable.
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. - 23210
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.
When performing the move-in report, make sure you allow yourself plenty of time to be accurate and methodical in your records. This will save you headaches in the long run.
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.
Time and again the exterior of home gets ignored. The exterior has many components to it; yard, fences, sprinklers, stairs, walkways, driveways, mailboxes, and the list goes on. If there is damage to one of these components and you do not have proof of its condition prior to move in, you will be stuck with the repair bill. Do not forget the exterior of the home.
After you have finished the report; review it with your tenant. Address any issues or questions they may have. Make certain the sign and date the form, and provide them a copy for their records. Also, allow them time to report any missed details, usually about 7 days. A report of a fist size hole through a bedroom door reported three months after they move-in is not tolerable.
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. - 23210
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posted by X - Men @ 10:41 AM
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