You can be forgiven for thinking all property inventory services are the same, and all you need to do is find the cheapest service provider and you’re good to go.
In reality of course that’s not the case at all...
In any service industry - as you know - standards vary greatly from top to bottom.
Which brings me to my next point, the number one reason you need professional inventory services.
As a landlord or real estate professional just starting out, you quickly learn that not all tenants are created equal.
Do a few searches for "tenant nightmares" and you’ll see property forum boards internet-wide light up with horror stories.
This is why you need best-in-class inventory service and not the cheapest inventory service.
Your property inventory report acts as the foundation for your body of defence should you find yourself in the unfortunate position of a legal dispute with a difficult tenant.
In the absence of such a report it is your word against your tenants!
Damage to your property is not always wilful, it may occur due to negligence too.
Either way, if you professionally document the condition of your property and its assets with detailed images and descriptions, then get the tenant to sign off in a mutually accepted contract, your chances of recouping costs for damages are all but guaranteed.
Remember, what you and I believe to be common sense and essential requirements of a professional inventory report may not be what the new startup inventory company believes.
This is why you should always ask to see a sample inventory report if you are entering into new agreements with untried inventory companies.
In our 15+ years servicing the Greater London area we have seen inventory reports that a ten year-old would not turn in as a homework assignment, it really can be the wild west out there.
Make sure your inventory reports are always detailed and professional, as you never know when they may be required in a court of law.
If you’re in the market for an experienced property inventory partner, contact us today to discuss how we can give you peace of mind for years to come.
Wishing you success.
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