Tips on Conducting Rental Property 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.
That is where the move-in report comes into play. Having a detailed move-in report will save you in the long run. You will have written documentation to hold the tenant accountable to.
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.
When conducting the move-in, it is best to start in one room of the house and move fluidly throughout the home. Often times it will be the living room, because it is typically the first room you enter. Remember the more detailed the better. Marking the living room as good just will not cut it.
Whether or not you want to start at the ceiling and work your way down, is completely your prerogative. Try to ensure you keep whatever sequence works best for you throughout the home. Check for cracks, discolorations, holes, rips, tears, etc.
Once you are finished with one area continue on to another. Look at the blinds; are they clean? Do they work properly? Do the windows open and close as they should? Are the screen the right size and free from bends or holes? Is the carpet new or are there worn areas?
Proceed in the same manner throughout the rest of the home. Go through each and every bedroom and bathroom. Examine ever cupboard in the kitchen, open the stove, and check for leaks in the sinks or showers. Don't forget any extra rooms like an attic or laundry room.
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.
Thorough and well documented move-in reports are a necessary evil as a landlord, but it is one that benefits both you and your tenant. Your tenant will be protected from incurring any costs from damage that was present at the time of their move-in; and you will have documented proof of any new damage to your rental property. - 23162
That is where the move-in report comes into play. Having a detailed move-in report will save you in the long run. You will have written documentation to hold the tenant accountable to.
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.
When conducting the move-in, it is best to start in one room of the house and move fluidly throughout the home. Often times it will be the living room, because it is typically the first room you enter. Remember the more detailed the better. Marking the living room as good just will not cut it.
Whether or not you want to start at the ceiling and work your way down, is completely your prerogative. Try to ensure you keep whatever sequence works best for you throughout the home. Check for cracks, discolorations, holes, rips, tears, etc.
Once you are finished with one area continue on to another. Look at the blinds; are they clean? Do they work properly? Do the windows open and close as they should? Are the screen the right size and free from bends or holes? Is the carpet new or are there worn areas?
Proceed in the same manner throughout the rest of the home. Go through each and every bedroom and bathroom. Examine ever cupboard in the kitchen, open the stove, and check for leaks in the sinks or showers. Don't forget any extra rooms like an attic or laundry room.
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.
Thorough and well documented move-in reports are a necessary evil as a landlord, but it is one that benefits both you and your tenant. Your tenant will be protected from incurring any costs from damage that was present at the time of their move-in; and you will have documented proof of any new damage to your rental property. - 23162
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posted by X - Men @ 11:29 AM
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