The importance of property inventories

publication date: Aug 12, 2015
author/source: Guest article by Rachel Hudson of Inventory Genius

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The importance of property inventories

Inventory Genius app

A wiser man than you and I once said something to the effect of, “If a job is worth doing, it’s worth doing well”.

As any industrious landlord will tell you, this is the philosophy that should be applied to managing properties, presuming you want to do so successfully.

And one area where this principle resonates, with particular relevance, is property inventories.

For landlords and tenants alike, completing an inventory doesn’t always feel like the most glamorous aspect of the leasing/renting process, but that doesn’t subtract any significance away from it.

In truth, inventory reports are absolutely crucial, for three reasons in particular.

Firstly, having a documented report of the condition of a property, prior to a tenant moving in, will likely prevent squabbles or disagreements further down the line.

Secondly, if a dispute does arise, then the landlord or tenant can feel confident that they’re sufficiently protected by the information as presented in the property inventory report.

And lastly, by completing and mutually approving an inventory, you avoid a ‘your word against theirs’ stand-off, and can therefore solve issues swiftly and without question.

By now, you’re starting to remind yourself how important these reports are. But at the same time, you’re all too familiar with the tiresome processes of handwriting page after page, and then drafting even more copies for tenants and colleagues.

Yes, it’s okay to say it. The traditional method of completing property inventory reports is tedious. It’s crazy-important, but it takes too much time, energy and money. It needs to be simpler…

Another wise man, perhaps even wiser than the one mentioned earlier, said something like this, “simplicity is the ultimate sophistication”.

We believe that simplicity can be applied to anything and everything, if you can master the complexities. And that goes for property inventories.

After nurturing this philosophy for a number of years, we created Inventory Genius, the clever inventory app for clever landlords.

Its purpose is simple: produce inventory reports with greater ease, efficiency and convenience.

By transitioning the entire process into a digital one, we’ve opened the door to more flexibility than ever, for the person that matters most: you, the user.

So not only are our reports quicker to create and detail, they can be widely accessed, downloaded and shared by the relevant people, saving both time and money along the way.

We allow you to brand your inventories through Inventory Genius, so you can maintain a professional experience for your tenants from end-to-end.

The app itself is web-based (with an Android and iOS version coming soon) making it easily accessible across all internet-enabled devices, including desktops, laptops, smartphones and tablets.

Our pricing structure is as flexible as Inventory Genius itself, with an assortment of subscriptions on offer that can be tailored to suit your individual needs and budget.

You can probably tell we’re passionate about our service. That’s because we genuinely believe it’s the future in managing properties in the simplest, most effective way.

We believe that anyone who invests in Inventory Genius is equipping themselves with the best possible tools to get the job done. Tools that we’ve made available to everyone, at an affordable price.

So satisfy your curiosity, and head over to our website for more information on how to make the effortless transition to Inventory Genius.

Guest article by Rachel Hudson of Inventory Genius

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