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  1. Home
  2. Don’t Trust Your Property to Memory by David Pickron
  • FAQ Landlords 4 Articles

    • My RentPay 12 Articles
      • RentPay FAQ
      • Rent Perfect's Payment Collection Platform: RentPay
      • How to Stop Late Payment Emails When Payment is Received by Check or Money Order.
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    • Send Invite 13 Articles
      • Why Applicants Should Pay the Screening fee.
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    • Rental Criteria Settings 6 Articles
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  • FAQ Tenants 6 Articles

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  • Educational Articles - #107092 15 Articles

    • 3 Things Every New (and Old School) Landlord Should Know
    • Make Yourself Your Tenants’ Top Priority By David Pickron
    • Why The Cares Act Seems So Uncaring Towards Everyone by David Pickron
    • 3 Better Ways to Manage in a Time of Crisis by David Pickron
    • Useful Facts: Information is Power
    • Why are the credit bureaus moving backwards? by David Pickron
    • Employment and Rental Verification: Same Game, New Rules by David Pickron
    • Trigger Words Every Landlord Should Listen For
    • Is Your Tenant a Tool? (It’s Not What You Think)
    • Your Short-Term Rentals Can Generate 6x Gains
    • How Tenant CoVid Era Behavior is a Predictor of the Future
    • Legalized Marijuana: Its Impact on Your Rental Properties
    • Are You Missing an Important Rental Protection? by David Pickron
    • HOW FAR ARE YOU WILLING TO GO TO GET PAID? by David Pickron
    • Don’t Trust Your Property to Memory by David Pickron
  • Rent Perfect Podcast - #107094 70 Articles

    • Podcast: Ep. 88 Immigration and Housing: What you need to know (part 1)
    • Podcast: Ep. 87 The #1 Rule When Taking Applications
    • Podcast: Ep. 86 Finding the Right Tenant is Worth the Wait
    • Podcast: Ep. 85 2022- A Year in Review
    • Podcast: Ep. 84 Is Your NSF Policy Protecting You?
    • Podcast: Ep. 83 Being Quiet Helps You Avoid This Major Mistake
    • Podcast: Ep. 82 Down Market? Introducing the Partial Security Deposit.
    • Podcast: Ep. 81 Tenant On-Boarding Behavior Can Be A Telltale Sign
    • Podcast: Ep. 80 Statistics Show Tenant Criminal History Affects Ability to Pay Rent
    • Podcast: Ep. 79 Inflation Resistant Investing? Try Short-Term Rentals
    • Podcast: Ep. 78 The Right Tenant "Partnership" Makes Managing Easy
    • Podcast: Ep. 77 Stop and Listen Closely Before Accepting Prepaid Rent
    • Podcast: Ep. 76 Covid Killed Evictions But Now They Are Highly Contagious
    • Podcast: Ep. 75 Is Your Applicant Hiding Behind an Alias?
    • Podcast: Ep. 74 Does Your “No Smoking” Clause Include Vaping?
    • Podcast: Ep. 67 Should You Consider Section 8 in a Down Economy? Part 1
    • Podcast: Ep. 66 Why You Just Might Need a Landlord Coach
    • Podcast: Episode 67 Part 2 - Should You Consider Section 8 in a Down Economy?
    • Podcast: Ep. 73 New requirement for Adverse Action Notices from CPFB
    • Podcast: Ep. 59 Unlock this Power Through Associations
    • Podcast: Ep. 72 Are a Tenant's Guns Your Liability?
    • Podcast: Ep. 71 Should You Still be Investing in an Unstable Market?
    • Podcast: Ep. 70 ADA, FHA, Assistive Animal, and Reasonable Accommodation clearly explained.
    • Podcast: Ep. 69 Investing In Notes May Be The Answer In A Challenging Economy
    • Podcast: Ep. 68 Will Your Tenants Job Survive a Down Market?
    • Podcast: Ep. 65 Protecting Yourself From Fraud is This Easy
    • Podcast: Ep. 64 The Power Behind a Month to Month Lease
    • Podcast: Ep. 63 Why Screening Tenants Must Be Nationwide
    • Podcast: Ep. 61 Only A Landlord's Child Knows This Secret
    • Podcast: Ep. 62 Why You Should Be a Landlord P.I.
    • Podcast: Ep. 60 This One Thing Makes Being a Landlord Easy
    • Podcast: Ep. 56 These 5 Phrases Should Trigger Every Landlord
    • Podcast: Ep. 58 Buying With Your Tenant in Mind Leads to Larger Returns
    • Podcast: Ep. 57 When one applicant can be a threat to your property.
    • Podcast: Ep. 53 You Won't Believe How Much $ a Short-Term Rental Can Generate
    • Podcast: Ep. 54 Never Missing Rent Again is Easier Than You Think
    • Podcast: Ep. 55 Can You Remember Your Properties Condition When the Lease Started?
    • Will you be ready when the eviction moratorium ends? Expert landlord tips for what’s next.
    • Podcast: Can't Evict? Why Sending a Non-Paying Tenant to Collections Can Save Your Investment
    • The Benefits of Move-in and Move-out Inspections
    • Online Applications Save Landlords Time and Money
    • Ever Wonder What an Applicant Thinks About Rent Perfect?
    • Podcast: Ep. 52 Who knows your property better than you?
    • Podcast: Ep. 51 Landlords Can Be Real Tools (It's Not What You Think)
    • Podcast: Ep. 50 Celebrating our 50th Episode by Introducing the Rent Perfect Team
    • Podcast: Ep. 49 3 Key Questions to Ask When Showing a Property
    • Podcast: Ep. 48 Having a Detailed Rental Criteria Protects You
    • Podcast: Ep. 47 How to get your rent on-time, every time.
    • Podcast: Ep. 45 Top Landlords Become Master’s of Zillow
    • Podcast: Ep. 44 Put Being a Landlord On Cruise Control.
    • Podcast: Ep. 43 Tenant Broke Lease? Here's What's Next.
    • Podcast: 5 Important Steps To Prepare for the End of the Eviction Moratorium
    • Podcast: Ep. 37 Nosy Neighbors Should Be a Landlord's Best Friend
    • Podcast: Ep. 36 How Landlords Can Beat Government Regulations
    • Podcast: How to Properly Position Yourself as a Landlord to Ride the Investment Wave
    • Podcast: Should Landlords Consider Accepting Government Assisted Housing Vouchers?
    • Podcast-Why Finding a Tenant That Loves Your Property is Critical to Landlord Success
    • Podcast-There's More Joy in Being a Landlord, Than Just Collecting the Rent.
    • Podcast: How Legalized Marijuana Affects Your Rental Properties
    • Podcast: Why Every Landlord Should Have a Skip Trace Expert
    • Podcast: Property Inspections- Make Yourself Your Tenant's Priority and Get Your Rent!
    • Podcast: How a REIA Can Push Your Investing into Hyperdrive
    • Podcast: Lets Talk Renters Insurance
    • Podcast: Service and Assistive Animals: How to Comply with Fair Housing w/ Matt Koglmeier
    • Podcast: How to Manage Rental Properties During a Crisis (Like Covid-19)
    • Podcast: Strategy for New Investors and Landlords
    • Podcast: Marketing Your Property: How Words and Pictures Set You Apart w/ Scot Aubrey
    • Podcast: Resolving Tenant Conflicts in Five Easy Steps w/ Scot Aubrey
    • Podcast: Screening Process for Cook County Illinois Landlords
    • Podcast: Rent Perfect Introduces a New Way to Manage Your Vendor Relationships
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Don’t Trust Your Property to Memory by David Pickron

  • Date updated 2020-08-19
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  • Categories
  • Educational Articles - #107092
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  • mimo
  • move-in
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Why is it important to complete a move-in inspection of a property?

It’s a scenario we are all familiar with, the rental car inspection process prior to receiving the keys. Think back to the last time you were asked to walk around the vehicle with your half sheet of paper with the car diagram on it, looking for any existing problems. To avoid getting charged for damages that aren’t your fault, you dutifully circle the car, notating every scratch and ding. Why does the rental agency require this? To protect their investment. Period. When it comes to your investment property, do you take similar steps to ensure that your property is delivered back to you in the same condition as when you rented it? The average car rental is 3 days and it is sometimes hard to remember what was there at the time of possession. Imagine how much more difficult it is to remember the condition of your much larger asset after a 3-year lease. Will you accurately remember every room, wall, faucet, light fixture, appliance, flooring and everything else?

Pictures and forms are great, but where do I store them so I can easily access them when my tenants decide to move out? Truthfully, the whole process is a pain and most landlords drop the ball in their move in, move out inspections, ultimately costing them money at the end of each lease. No one gets into business to lose money (at least not anyone that expects to last long as an investor). It’s not a question of should we do move in, move out inspections, but rather how we should do them.    

As a landlord, for years I paid for damages created by tenants because it was easier to pay the bill than it was to fight over who was at fault. I realized that I had no leg to stand on because I had no real evidence. When something causes me pain, I look for a way to get rid of the pain. I became laser focused on creating a solution that would be both easy and effective. The result… Introducing MI-MO, Rent Perfect’s Move-In, Move-Out process, found inside your Rent Perfect Portal next to our other innovative products like tenant invites, online lease creation and more.

Here’s how it works: MI-MO starts with the new tenant receiving an invite through Rent Perfect to inspect the property. They inspect each room and accept everything that is in good working order. If something needs to be repaired, they take a picture of it with their phone and document the needed repair. They repeat the process throughout the home and after completion, you receive a notification to login to your Rent Perfect Portal and review their inspection. You have the option to either note the damage or fix the problem. Rent Perfect stores the inspection notes and accompanying pictures for the duration of your rental contract, no matter how long your tenant lives there. During your inspection of the property at move out you have photographic evidence of the condition of the property at time of occupancy. Find something wrong? Take a picture and it will automatically upload into the Rent Perfect system. You can easily compare the property condition and adjust the refunding of the security deposit based entirely on the difference in the property at move-in and move-out.

The whole goal is to prevent a situation where it is your word against the tenant. MI-MO will allow you to be transparent and your tenants will love that. Rent Perfect just took one more unnecessary fight away from the rental relationship game. I guess we can thank the rental car industry for doing something right.  

About the Author

David Pickron has been a licensed private investigator for over 20 years, specializing in tenant screening for real estate investment owners and property management companies. His company, Rent Perfect, an Investigative Screening Company, helps clients onboard tenants from the initial background check to leasing and payment collection. You can learn more by visiting www.rentperfect.com or calling 1-877-922-2547.

 

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