Protect Your Investment: Keeping Accurate Records
At Barry Plant, we understand the importance of safeguarding your investments, which is why we're shedding light on a crucial matter: theft and the significance of accurate record-keeping. This issue becomes especially paramount when renting out fully or partly furnished properties.
Picture this: It's time for your property manager to submit a claim for the missing goods, and they are left scrambling to piece together the puzzle. Without accurate documentation, determining the make and model of the missing items and estimating replacement costs can be a daunting task. We believe that preparedness is the key to mitigating losses and expediting the claims process.
So, what can you do to fortify your investment and protect yourself from potential theft-related setbacks? The answer lies in comprehensive and meticulous record-keeping. Both landlords and property managers play a vital role in this process, and we've compiled a list of essential items to document, ensuring you're ready to face any untoward situation head-on.
Inventory List of Items for Renters Use
Having an up-to-date inventory list of all the items left at your property for the Renter's use is the first step towards securing your investment. This comprehensive list will serve as a reliable reference, making it easier to identify missing items and quantify their value.
Make and Model Numbers
Beyond just knowing what items are present in your property, it's equally crucial to keep track of their make and model numbers. This detailed information can be invaluable in determining their exact value and expediting the claims process in case of theft.
Visual Documentation
They say a picture is worth a thousand words, and in this case, it could be worth thousands of dollars in potential claims. Capture clear photos and/or videos of all the valuable items in your property. Visual documentation adds an extra layer of protection and serves as irrefutable evidence of the item's condition and existence before any unfortunate event.
Obtain a Police Report Number
In the unfortunate event of theft, involving law enforcement is crucial. Make sure to file a police report and obtain a report number for all missing items. This not only adds credibility to your claim but also aids the authorities in their investigation.