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Do I need a Professional Inventory?

Published: 3rd April 2020

Do I need a Professional Inventory?

If you are a landlord, you will be looking at ways to ensure your investment is protected whilst keeping outgoings to a minimum. There are areas where you can save money, however a professional inventory report should always be carried out.

A professional inventory is vital when letting a property to ensure that you can claim for damages caused by the tenant.

Whilst the tenant pays a deposit before moving in (usually 5 week’s rent), it is held in a third-party deposit scheme and therefore you have to raise a claim to hold back funds for damage caused. If you do not have a professional inventory, it will be near impossible to claim.

Portfolio8 refer to the inventory report at the mid-term inspections and at tenancy check out to make sure no damage has occurred to your property, and if it has, we can assist you with your claim.

A comprehensive inventory report will include photos of every room along with detailed descriptions of the property and contents. If your property is unfurnished, it is still extremely important to obtain an inventory of the condition of walls/doors/carpets etc.

If you would like further information on ways to protect your buy to let investment property in Manchester, do not hesitate to contact the team at Portfolio8 today!

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