Inspecting Rental Property, the Landlord’s Perspective

Moving to College – Inspecting Rental Property, the Landlord’s Perspective

The other side of the coin, the flip side, two sides to every story…You get the gist of these old clichés. As true as they are, they often lose their meaning to how truly valuable it is to see both sides of the equation (got you with another). Seeing other vantage points will allow you to get a better grasp on a situation, and this includes when you’re moving to college.

As part of our tips for moving to college, we are offering you the landlord’s point of view of inspecting a rental property. In better understanding them, you will be more apt to have a symbiotic relationship with him or her.

Location Counts

Residents will want to live in an apartment close to campus. Landlords should use this knowledge to their advantage and look for property near campus, even if it is more expensive. This decision should pay for itself. If a location is too far away, students will probably need more incentive to live there like cheaper rent or other perks.

Know Your Renters Who Are Moving to College

Landlords are going to want to know who they are renting to and make sure they are responsible. This responsibility includes paying utilities and rent on time in addition to not destroying their property like the building itself, appliances and furniture. Furthermore, renters are more likely to comply if they know your expectations.

Write It Down

Landlords should keep track of the condition of the apartment before the renters move in. That way, they know who is responsible for any damages to the apartment and can charge the renters appropriately.

Communication

Communication is equally important for both parties. Landlords need to make sure their renters know the conditions for living in their apartment. Conflict can arise when both parties are not sure of the conditions of the agreement.

Finalize the Rental Agreement

Landlords need to make sure they double check their rental agreement and make sure everything they want to say is in the agreement. It looks sloppy and can lead to confusion if landlords try and change things in the middle of the renter’s stay. Also, landlords may lose money if the rental agreement fails to discuss damages or repair options for the apartment.

More Articles About Moving to College