Residential property management - Tips for Managing Damage
We often hear of landlords who have given up claiming compensation for damage from tenants, because of the hassle and sometimes unpleasantness of sorting this out.
This is just one reason why self managing can turn out to be more expensive than good property management.
To successfully claim compensation for damage caused by a tenant you need to understand whether you are entitled to claim or not. This means having a good working knowledge of the Residential Tenancies Act and understanding the law’s interpretation of ‘fair wear and tear’ and what tenants and landlords rights are.
We often give advice on what can and cannot be claimed as many people don’t have an in-depth understanding of this.
To be successful with a claim, and to minimise the risk of arguments you need excellent before and after records, both photographic and written, proving the damage happened during the tenancy.
You also need to be prepared to take the case to the tenancy tribunal if necessary, even if you find this process upsetting or inconvenient.
A lot of landlords find making claims difficult because they have formed a relationship with their tenants.
Having high quality professional property management means the manager can act on your behalf to ensure you receive what you are legally entitled to.
It is very easy to lose hundreds and even thousands of dollars you could be entitled to if damage is not handled correctly.
See you soon,