Tag Archives: inventory

Landlord Inventory

Do you own rental property?  What can you do to protect your property?

Keep a digital inventory of your property.

Don’t let this happen to you…

landlord inventoryYou rent out an apartment to a family.  Before they move in you update everything. New wood floors, new refrigerator ,new dryer… everything.  A year or two go by and you have to make a repair on the kitchen sink.  Suddenly you realize the
oven that you installed is gone and an older one is in its place.  You mention it to them and they say.. are you sure??  You insist that this is not the oven you installed they say, of course it is…

Do you have proof??  Scenarios like this show why you would do well to make sure you have a digital inventory of the property and valuable goods.  Pictures should have a date stamp which shouldn’t be hard with modern cameras and even your smartphone.  Also the condition of the property should be noted. This can prevent theft and future liability issues.

Please be sure to let us know of your inventory as well.

Whenever contracts are concerned remember this;

  • Written contracts are best.
  • Details should be presented clearly.
  • Signatures and Dates, from both parties, must be clearly marked.

 

Encourage tenants to purchase renters insurance…

Homeowners: Inventory your belongings.

inventoryHave you taken an inventory of your belongings?

This is a reminder to take some time now to go through your home and create an inventory of your valued items.

Take this situation:

A fire breaks out in the home, causing severe interior damage.  The structure of your home remains intact but everything else is a loss.  You find yourself needing to replace everything from appliances to clothing and even your toothbrush.   Good news is, you have insurance so you are covered and will be reimbursed…  But do you remember all the contents items in your house? Now is the time you wish you’d taken pictures or had a video of the inside of the house.

Don’t let this happen to you…

Here are a few things to remember when taking an inventory…

  • Take 3 or 4 pictures of each room.
  • When taking pictures, don’t forget to open the cabinets and closets. You have more clothes than you think!
  • Make a separate list of the items that can’t be replaced
  • Your valuable items may need to be appraised.
  • Call our office with your list.  413-788-4531.

 

Being Proactive (before a loss) will save you time and energy.

 

Feel free to call us with further questions.