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Theft: are you keeping accurate records?

Too often we hear about tenants vacating a property and Property Managers finding that curtains, cabinets, electrical and other items of the landlord’s investment have disappeared, nowhere to be found. This issue is paramount when renting out fully or partly furnished properties.

Without accurate documentation when it comes time for Property Managers to submit a claim for the missing goods, they are often left having to work out the make and model of items and estimating replacement costs. For this reason, it is important that both the landlord and the Property Manager keep records of the following items which will assist in speeding up and maximising the landlords claim should theft take place.

• Inventory list of items left at the property for tenants use

• The make and model numbers of items

• Photos and/or video of items

• Police report number for missing items