OfflineDo you want to get your rental units returned in good order with little or no work required on your part? This will help your bottom line and help keep more dollars in your pocket.
Before your tenant moves in you should give them a checklist and write down everything they see that is wrong or damaged in the rental unit. After returning the list to you put it in their file. Use it when you walk thru with them as they move out. If you find problems with them as they are moving out then give them an opportunity to do the repair (provided it does not interfere with your move in of the next tenant.
Typically you will have 30 days to refund the deposit. If they leave it "rent ready" give them their money as soon as possible. In some states a land lord may be responsible for unpaid utilites. Make sure ther are none before issuing a refund.
By using a check in list that is signed by the tenant, there is less questions about what was damaged when they moved in. Good Luck.
Roy Voeks
Official RE Coach
to live in rentals. It is good protection. I like the discount of a $100 on rent that you posted to get renters to pay by the first and on time. (In your other post) Great ideas!
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Could anybody send me an example form of how this may look plz n thankyou my dg family.
Hi Coach great two post on renters that you put up and it makes a great difference when one needs references in future renting, when a renter takes care of his or her rental landlords love to have them and it shows a great deal of respect for other peoples properties, many thanks, Jim
jbischoff
also, if you have a possible tenant who gives you a deposit, but then backs out at the last minute, and you lose a month's rent because you held the property for him/her; if you have a checklist filled out, even if you don't have a lease, you have the right to keep the deposit
@ monopoly man: send me a PM with your email and I can send you a template
Valerie
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I have some rentals right now and that is very sound advice. Having your units clean and ready to go for the next tenant is a key part of success. Every month that property is vacant that is your money out of your pocket. So stay on top of things right when they are moving out so you can get that money coming back in.
That is how success is built
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A comment was made above about taking pictures. I'd just like to reiterate that you should take pictures:
1) When you have a property ready to show
2) When a tenant reports an issue
3) When you have corrected any issue with the property
4) When a tenant moves out, before making any repairs or doing any cleaning.
With most cameras, you can time/date stamp the photos, and it's hard to refute something that has before and after photographic evidence attached to it. Keep a photographic file on each property you hold as a rental, and also include any condition write-ups done by your tenants.
Dallin Wall
Real Estate Training Team
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