When it comes to rental properties it is important that you keep an inventory of each property that you own and the items that are included in your rental along with images and descriptions of their condition, before and after each rental period. Here are some reasons why you should think about keeping inventories.
- The inventory report may help to highlight any issues in the property that need to be rectified and items that need to be replaced. This could include furniture that is included in the property rental or fixtures and fittings such as mould and damp. This means that you can quickly and easily arrange for these to be rectified.
- Inventories help your chosne Accountants Chippenham way such as https://chippendaleandclark.com/ to track and depreciate your assets as necessary ready for filing each year.
- Inventory reports can help to protect a tenants deposit as it will clearly describe and where necessary show images of the items that were in the property upon the commencement of their lease. This can then be used when they leave to check the condition and return their deposit in full if no further damage has occurred.