Renting your home out to others, or serving as a landlord is not an easy task. There are several different things to consider, and while many tenants can be dreams-sent, others can be a nightmare.
For that reason, it becomes vitally important to protect yourself if in the role of caretaker of a rental property. One of the best ways to do this is to make an in depth inventory of not only the items on the property, but their state of being and condition prior to renting. This information, which should be included in the contract, can be useful in assessing damages if any arise, as well as helping to safely and legally hold your renters accountable for any problems that arise. This is a simple, yet effective way of safeguarding yourself from potential losses in future. Inventories are a must.
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