When you decide to rent out your furnished property through Be Resident, it’s not just a savvy way to earn extra income; it’s also an opportunity to ensure a hassle-free experience for both you and your tenant. One of the most critical aspects of this process is creating a comprehensive and accurate inventory list right from the start.

What is an inventory list, and why is it essential?

An inventory list is a detailed document that doesn’t just identify and list all the furniture, appliances, and accessories in your property but also notes any existing damages. It’s like a “before-picture” of the property’s condition at the beginning of the tenancy. Documenting damages with pictures not only makes it easier to understand the property’s condition but also provides clarity that prevents misunderstandings between you and your tenant later on.

Why is the inventory list so crucial?

For you as the landlord, the inventory list acts as a form of insurance. By meticulously documenting existing damages and the property’s condition at the start of the tenancy, you protect yourself from potential disputes over damages that may have occurred during the rental period. It becomes a reference document for comparison during move-out, minimizing the risk of disagreements.

For the tenant, the inventory list is equally vital. It gives them a clear understanding of what to expect when moving in and what is expected during move-out. This fosters mutual understanding and ensures that both parties feel secure throughout the tenancy.∂

What should be included in the inventory list?

When creating your inventory list, be as detailed as possible. Include every piece of furniture, every appliance, and all accessories. Note any damages, scratches, or deficiencies in each item. Including pictures of each inventory item and its condition is highly recommended to provide a more comprehensive overview.

How do you proceed?

Create the inventory list in two copies, ensuring that both you and the tenant receive a signed copy each. This is crucial to ensure that both parties agree on the property’s condition at the start of the tenancy. At the end of the rental period, it’s advisable to review the inventory list together to ensure mutual understanding of any changes or damages.

Creating an inventory list isn’t just a formality; it’s an investment in a secure and smooth rental process. By being thorough and transparent from the outset, you can avoid potential conflicts and create a positive experience for both yourself and your tenant. For those planning to rent out their furnished property via Be Resident, an inventory list is an indispensable tool. It’s not just a list of furniture and belongings; it’s a safety net for both you and your tenant. So, ensure to craft your inventory list meticulously and lay the foundation for a trouble-free and secure rental experience!