How many of you own or have owned an investment property?
If there is one major lesson Mr Nerd and I have learned from investing in a property, it’s to keep an organised record of photos and documentation of the property, inspecting it from the moment you get that place. And if you don’t, it could very well one day bite you in the ass.
Say one day your tenants straight up-and-leave the home, and your property managers can’t find the tenants because they appear to have dropped off the face of the earth and they’ve left your property with damages.
Photo by Natasja Kremers.
Well, one of the most important things you’re going to need to claim your insurance for the damages will be good photos and records of what the place was like before they moved in.
The thing is that when you’re in the middle of getting a property there are so many things to do and remember. Admittedly, if you are as scatterbrained as I tend to be, it is so easy to just forget.
Read on House Nerd