Manage an inventory for furnished rentals: protect your belongings and simplify your real estate management
If you own a furnished accommodation and are considering renting it furnished, it is essential to draw up a detailed inventory is order to protect your assets and guarantee peace of mind. In this article, we’ll provide you the best tips to help you develop an inventory for a furnished rentals and highlight the benefits of engaging a real estate broker for hassle-free property management.
Why inventory is essential:
The inventory is the cornerstone of any successful furnished rental. It’s a exhaustive list of all the equipment, furniture, and other objects you provide to your tenants. This includes furniture, appliances, kitchen accessories, linens, towels, and much more. The more accurate your inventory, the fewer potential misunderstandings and disputes there will be between you and your tenants.
Inventory elaboration:
- Start with a thorough inspection: Before providing anything, visit your property and check the condition of each room. Note any special features, defects, or existing damage. Also, take photos of all equipment and the furniture.
- Use an inventory template: To simplify the process, use a pre-established inventory template that you can find online or from your real estate broker. Ensure to include all relevant details, such as the description of each item, its initial condition, value, and purchase date.
- Labeling and digitize: To facilitate checking the condition of the items at the end of the lease, label each object with a unique number corresponding to the inventory. You can also opt for digitizing your assets using apps for smartphone apps or online tools.
- Obtaining tenant signature: When handing over the keys to your tenants, make sure you have them sign the inventory, confirming they have received all the mentioned equipment and the furniture. Don’t forget to provide them with a copy of the inventory for their personal reference.
Why engage a real estate broker for property management:
Now that you know how to create an inventory, we explain why hiring a real estate broker for property management is an excellent idea.
An experienced real estate broker has the expertise and knowledge needed to take care of all aspects of property management. Whether it’s finding qualified tenants, managing lease agreements, conducting credit checks, collect rent, or handling potential disputes, a professional real estate broker will be your best ally.
By entrusting property management to a broker, you’ll save time and energy, while avoiding administrative and legal hassles that may arise with rentals. Moreover, a broker has an extensive network of trusted professionals, such as entretien experts, accountants, and lawyers specializing in real estate law.
Contact us for hassle-free property management:
If you own a furnished rental property and you are looking for a competent real estate broker to manage your property, feel free to fill out the form below. Our experts will be happy to guide you through all the stages of your real estate project.
