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Does a Move-In Walkthrough Benefit Watertown Rental Property Owners?

Watertown Property Manager Doing a Walkthrough with New TenantsOne of the things you need to make sure of as a property owner is that you have positive interactions with your tenants. This is something you can do during the conduction of a move-in walkthrough. Going for a move-in walkthrough, though, does come with a lot of benefits for you and your tenant. Let’s look at these benefits for property owners and a few best practices for making the most of your move-in walkthrough.

Rethinking the Move-In Walkthrough

Too often, the move-in walkthrough is viewed as more of a tenant’s responsibility than something a landlord does. This kind of thinking only leads to missing out on benefits for both parties; benefits that come from allowing a move-in walkthrough. A walkthrough is best done at both move-in and move-out. The process of a move-in walkthrough is quite simple: the landlord and tenant walk around the property to check if there are maintenance issues that need to be looked at before the tenant actually moves in.

There’s wisdom to Watertown property managers taking the move-in walkthrough seriously. Here’s why that is.

  • It facilitates good relations between you and your tenant. Walking through a property with your tenant speaks to your credibility as a landowner — your personal interest in keeping your property well taken care of. Also, it is a good way to get your tenant’s feedback, if any. Tenants will most likely immediately report small issues when they are confident that you care — this can lead to reduced repair costs. During these moments, take the time to review “house rules” with your renter. These small interactions between you and your tenant can be what strengthens your relationship with them.
  • It helps to have the actual deductions from the deposit right at the end of the lease. So that the move-out time is hassle-free, you need good documentation of your property’s condition before your tenant moves in. This can help you better gauge wear and tear and other repair issues and provide ample evidence to support any deductions you make from your tenant’s security deposit.

Walkthrough Best Practices

To maximize a move-in walkthrough, make sure to know what the best practices are. Just like these:

  • Schedule a walkthrough with your tenant. Set a time to conduct a move-in walkthrough with your new tenant. This is a great time to have face-to-face interaction, making way for transparency and positive exchanges.
  • Use a checklist. Give your tenant a move-in checklist and review it together. After going through it, make sure your tenant secures a hard copy of it. This speaks volumes about how you will be interacting with your tenant. This shows that you are transparent and open with the expectations at the very start.
  • Take photos. If there are potential problems you find, make sure to take pictures to document them properly. These pictures can be used to schedule repairs, and they can serve as a reference for when you will need to do a move-out walkthrough.

Yes, move-in walkthroughs will take time. Nonetheless, they are quite important. This becomes problematic when your residence is located far from your rental property. In any case, you will benefit from the help provided by someone who is not just capable, but aware of what needs to be done in these circumstances. At Real Property Management Commonwealth, we provide a full range of services that help rental property owners make the most of their investments. Call 617-299-2342 today to learn more!

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