Dispute over the Condition of Property

Disputes of this kind occur the most frequently out of all disputes. Generally they take the form of a landlord withholding a deposit to cover the cost of any repairs that have to be made to return the property to the condition it was in at the beginning of the tenancy. Tenants will often argue that they are leaving it as it was, and any damages were already there before they moved in. Taking the dispute to the PRTB can be a lengthy and costly process, so it’s better to prevent the dispute from occurring in the first place. How is this done? Quite simply really, take an inventory.

An inventory is a log of the property, the contents and the condition of them. They reduce the occurrence of disputes and can speed up the resolution process and reduce costs if a dispute does arise. If the inventory taken just before the start of a tenancy is comprehensive enough, there shouldn’t be a problem in spotting damages or anything that goes beyond normal wear and tear. A landlord can choose to do it themselves or hire a professional inventory clerk. To do it themselves, a landlord will need the following: 

  • Patience. A proper inventory takes time to complete
  • A clear and methodical process is needed to ensure everything is noted correctly and can be easily checked. For example: take one room at a time, noting the main items first and their condition. Be sure to note if there’s currently any damage or if an item is brand new. Then list the smaller items e.g. pictures and their condition
  • Be detailed and realistic in your descriptions e.g. say one brown leather two seater sofa with scuff marks on the left back leg, instead of one sofa 
  • Take photographs (preferably with a digital camera) of the rooms as a whole from multiple angles as well as of individual items
  • After the inventory is complete, walk around the property with the tenant and agree the descriptions, ensuring that the tenant checks and signs the inventory list. Sign it yourself, keep the master list and hand over a copy. 
  • If any changes are made e.g. new curtains, an amendment should be made to the inventory. 
  • While this option is cheaper, it does involve the risk of bias. 

For the professional inventory clerk option: 

  • Dedicated inventory companies haven’t taken much of a foothold in Ireland as yet although there are some companies who provide this service. 
  • These companies take over the landlord’s role by doing a full inventory, walking around with the tenant and reaching an agreement and at the end of the tenancy they’ll carry out a full analysis of the original report and compare it to the current condition. 
  • They also carry out inspections throughout the tenancy and adjust the inventory when needed. This keeps things up to date to prevent disputes at the end of the tenancy. 
  • As they are trained for the job you can expect the final report to be well structured and very detailed with possibly more observations, more so than if it was just an ordinary landlord conducting it. 
  • Also, a third party will more likely be impartial so the bias pitfall is easily avoided and better judgement calls relating to wear and tear can be made. 
  • A letting agent will do close enough to the same job as a professional inventory clerk. If your letting agent uses Rentview they will have the ability to share a full picture condition property inventory report directly into your email or through your Rentview account.

The decision of which option to choose is a matter of preference. Landlords who have the time, patience and ability to be methodical, concise and realistic will probably do it themselves but those who live a distance from the property or who just don’t want to go through the hassle of it all will probably choose the dedicated service. Or if the landlord is confident that the letting agent will do a good enough job then that will suffice. 

To find out more about the Rentview Inventory app contact 

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Twitter: Rentview_

Email: info@rentview.com

Facebook: Rentview

Why a letting agent must have a smart phone

Smart phones; necessary for a letting agent!

With now more iPhones sold than babies born, not having a smart phone and being a letting agent is not a option. A letting agent without a smart phone is like a carpenter without a saw. It is now a vital tool needed to carry out your daily tasks and continue to bring in revenue.

With the huge amount of apps available, I have selected the top 10 tools of the trade to stay ahead of the competition…..

letting-agent-smart-phone

Google calendars

While answering your phone on the go for a letting agent is as common nearly as blinking your eyes, it’s easy to forget who called 5 minutes ago. Now when you take a call take note and set a reminder on your calendar. Allow it to remind you with an alarm alert with required notice. This way you won’t forget where and when you had to be somewhere.

Hootsuite

Keep up to date with your social media marketing with this great app. HootSuite is a social media communications dashboard used for online brand management. It publishes to websites such as Facebook, Twitter, Google+, LinkedIn, Foursquare, MySpace, and WordPress. It also publishes to Flickr, Tumblr, and YouTube via HootSuite Apps. It is also a Twitter client. So keep all your social media followers up to date with the latest listings, offers and lettings completed from one location. Bye bye multiple entry updates!

Camera & Pic Stitch

The smartphone has replaced the digital camera, well the ones with a 5 mega pixel plus have anyway. With the iPhone 4s having a 8 megapixel camera with flash, there is no longer any need for a separate digital camera. You can now take several snaps and mail them back to the office and get them published on your website NOW rather than wait until you return to the office. Edit your photos and light effect on your smartphone and even stitch them together to provide your potential tenants with 360 degree shot. 

Genius Scan

Have you ever needed a copy of a document such as a tenant reference or ID whilst out at a viewing or lease signing? With Genius Scan you can take a snap shot of any paperwork and have it stored on your phone in seconds. Send it on via email, fax or even edit the document all on your smartphone. This is a must when conducting viewings and gathering copies of references from potential tenants.

Rentview inventory app 

With this app you can now record the full contents of a property in images and voice notes through your smart phone. Take photos through the app, speak into your phone and when you get back into the office you now have a full inventory with images and text. All your images and voice notes are complied automatically into a full inventory report. Bye bye end of tenancy deposit disputes, hello happy landlords and tenants! 

Nav Free

Sat Nav. Why pay €50+ for a sat nav app when you can get this great one for free? Picture this, we have all been there; your current location is on the south side of the city and your next showing is taking place on the north side of the city. You are in traffic and the only route you know, you just realise is a traffic black spot ahead. You have an appointment in 20 minutes 4 miles away and you have only moved 250 meters in the last 5 minutes. At this rate you won’t get there on time and possibly lose the potential let due to your own no show. With a built-in Sat Nav, easily find another route quickly and get there on time.

Dropbox

With Dropbox you can access all your documents located on your office computer. Need a copy of important documents relating to a rental property; like a copy of a signed lease, proof of ownership, registration documents or anything else you can think of? Now with Dropbox, you can have these documents to view or forward at your fingertips wherever you are located. This can save vital time for you to stay on the road and close more deals.

Email

With so many of your potential viewers now choosing to email you for a viewing time, rather than pick up the phone it’s a must to have constant email access. Out of the office all day conducting today’s viewings and checking your emails when you return to the office to set up for the next day may result in you not having viewings tomorrow. More and more property hunters now choose to email rather than call to set up viewings.

Daft.ie

Keep up to date with what’s available on the rental market and ensure you update your listings daily with Daft’s free app. Available on the iPhone and Android.

Rentview 

Letting agency software

Now with Rentview, you can access all the information you need on the go relating to your property portfolio. Instantly retrieve any clients information you may need on the go. Copy of accounts, recent payment history, yearly accounts, issue rent arrears notice, transfer utilities and so much more. Also with the Rentview tenants referencing system you can find tenants authentic previous rental reference once they have been on the Rentview system.

I hope that these apps will find there way onto your smartphone and if you are an agent and don’t have a smartphone you now know why its an essential tool.

Andreas Riha

Email andreas@rentview.com

Facebook Rentview

Twitter Andreas_Riha

www.Rentview.com

Rentview Inventory

Www.Rentview.com Set to Launch Inventory App for both App store and Android Smart phones

Summary: A brief look at how letting agents can reduce time and money spent on inventory reporting for landlords /tenants and reduce likelihood of disputes over deposit retention related to inventory condition.

The role of inventory in property management: Inventory is a factor involved in any tenancy agreement, a tenant must be happy with the property contents and its condition throughout before entering into a tenancy agreement and a landlord must do same when ending the tenancy and returning the security deposit to the departing tenant.

Problems that arise over Inventory in Property management: Often, a tenant and landlord or property manager may come into conflict over issues related to inventory, Irishlandlord.com writes ‘One of the most common areas of dispute between landlord and tenant relates to the contents of the property and its condition’, unfortunately the current practices for recording inventory of a property is extremely out dated and will prove very difficult to stand up in a legal dispute.

The Rentview Inventory App: Set to launch on the app and android stores in just over two weeks Rentview will set a new standard in the residential lettings market throughout Ireland for protecting both landlords , agents and tenants by using modern technology to provide detailed inventory reports that can be carried out on any Smart phone! This will save you valuable time and money as a property manager!

But where does the info go and how will I protect us against claims? But wait that’s not all, current and future users of the Rentview property management software will be able to upload their reports (VIA The Cloud) onto their Rentview accounts for safe storage. Access can be shared with a landlord or tenant by agent. If either party have anything to add to the report they can do so and a copy is then printed before a tenancy commences signed by both tenant and property manager.

About Rentview: Rentview is an internet based property management software solution designed by two former property managers with over 12 years experience in the Irish market. The software was developed to Manage, Build and Retain an agencies property portfolio, no matter what the size! Rentview Inventory only furthers our goals of saving property mangers hours of time per week, potential disputes with tenants and decreasing the overall costs associated with managing a property.