Unfortunately, there is often little or no record of the condition of the home just prior to the tenant's occupancy. Sometimes an owner will have receipts for work done or they'll say things like "the home was perfect when they moved in". If we're lucky, the owner or previous property manager will provide us with a move-in checklist filled out by the tenant.
A picture is worth a thousand words (video is even better!)
Nothing is as good as pictures or videos documenting the condition of the home both before and after a tenant's occupancy. Which one is more descriptive? A sentence that says "Personal items left in home and carpets not cleaned" or the following picture?
It is Alarca's policy to create videos of every Charlotte rental home before and after a tenant moves. These videos are uploaded to YouTube and links are sent to the homeowner and the tenant. In addition to allowing us an easy way to determine the difference in condition, we have also found that these videos eliminate almost all discussions about how the security deposit has been applied. Here's a sample of one of our move-in condition videos:
Even if you're letting a friend or family member rent your home, do yourself a favor and document the condition of the home with photos or video. This will save you or your future property manager a lot of headaches when your tenant moves out. Also, make sure you get a security deposit (see our blog on rental tips here -
http://alarcarealty.blogspot.com/2013_03_01_archive.html).
A Real Estate Consultancy will have ready access to your rental property, saving you the time and effort of going there yourself, especially if you live out of town.
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ReplyDeleteCeline:
DeleteMake sure the home is in great shape to start and make certain your tenants know who is responsible for specific maintenance items (this should be documented in the lease). Also, give the tenants the knowledge to properly maintain the home. We provide an orientation video that walks them through the home and shows them how to reset breakers, GFCI outlets, turn off the water, gas etc. This saves a lot of questions down the road.
Also, I suggest you walk through the home every six months to make sure there are no long term issues. We typically are looking for water leaks or other items the tenant may not report. Typically, the tenant will point out items during the walk thought that they haven't previously disclosed.
Hope this helps!
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ReplyDeleteThat is a great idea to document video footage before and after each tenant. To answer your rhetorical question: the photo gives a much clearer picture than the description! If the home is in much worse condition after a tenant moves out, as opposed to when they moved in, do you charge them a fee?
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