Thursday, July 2, 2015

Can a 10 minute video really avoid a lawsuits?

Recently, I had a great conversation with one of Renting Authority’s members.  He mentioned that he always video tapes his properties before a tenant moves in.
This is really a great idea that I need to share with you.  Here are a few tips.
Date the video and show the new tenant in the video.  Hold up a newspaper if needed.
Outside: video the outside and include the yard, fence, sidewalk, stairs, rain gutter, roof (if possible), doors and locks, windows and exterior of structure
Walls: make mention of holes and paint condition
Carpet: wear, quality and condition
Kitchen: show functioning appliances – plumbing, kitchen condition
Bathroom: show functioning plumbing, cleanliness, lack of mold (I hope)
Let the tenant know you have video documentation of the rental’s present state.  Video taping will help safe guard you from lawsuits.  It is great documentation.  This also eliminates disputes about the condition of your property once the tenant moves out.
Spending an extra 30 minutes video taping before a tenant moves in could save you a lot of money and headaches down the road
To your success,
Troy Boldt

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