Not all leases go as smoothly as you anticipate. Every now and then you will come across a tenant who causes damage to your property. The actions you take as soon as you find out can determine just how the rest of the process plays out. It should go without saying that you should have a security deposit that will cover any unexpected repairs. Just because you have this money doesn’t give you the authorization to spend it as you wish. Even if there is damage you still need to document your actions and follow a few important steps prior to doing any repairs. Without this documentation you open the door to a potential lawsuit even if you are in the right. Here are five steps for how to handle damage in a rental property.
If you own rental property long enough eventually you will run into property damage. If, and when, you do use these five tips to help make the process as easy as possible.
Read original article here: https://www.cthomesllc.com/2016/12/handle-damage-rental-property/