Bill Gray – The Landlord Doctor

Insider Advice on Collecting Tenant Debt and Screening Tenants

Posts Tagged ‘TransUnion’

Tenant Moved Out – Left You Holding the Bag

Posted by Bill Gray on May 15, 2009

[tweetmeme source=”your_twitter_name” only_single=false your tenant lied and took advantage of you.  He may have skipped out on the lease or you may have evicted him.  In either case, he damaged your rental and cost you money!  What do you do now?

1.  First, set your emotions aside and spend some time organizing your ex-tenant’s file.  Whether you own one unit or one thousand, or whether you manage your rentals full-time or part-time, you are running a business.  Any successful business keeps well organized, complete records.

2.  Keep copies of all receipts required to repair the unit, spent on legal fees, unpaid rent, etc.  Complete a move-out inspection checklist,moving preferably with the tenant if possible.  Both of you sign the document.  The move-out inspection will help you document the condition of your unit and the debt he owes you.  If you are not completing move-in inspection checklists now, begin doing so with your next move-in. This important step is often left out because “I didn’t have time”.  Take the time.  There is no excuse for not having a complete move-in inspection

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