Occasionally the house is not clean enough, repairs have not been completed, utilities aren’t on, carpets didn’t get cleaned or the handy man (or owner) didn’t clean up their mess. You have 2 options: don’t move in today and give some time to correct the problem or move in today but don’t hold it against us. This document takes all the air out of them by saying they shouldn’t take the property now but try again in a couple of days so you can correct the issue. Many can’t wait and will press to take it “as is”. There’s a downside to letting them do so. This document says they need it today and agree to not hold it against you. This document allow tenants to take a property that is not ready.
The longer you’re in property management the more you realize that it’s sticky, often hostile, and sometimes even litigious. Over 35 years we’ve been burned many times by tenants and after the second or third time (we’re slow learners), we go back to the attorney and have them draft a document that prevents it from ever happening again. Blaming the property manager has reached an all-time high and isn’t going away anytime soon. So, understanding this reality, smart managers need to spend extra time, money and effort building and crafting documents designed to protect themselves, even from those they are trying to serve. We’ve pulled these documents from our archives and have listed them here for your review and individual download (or in packages by topic). We’ve laid them out in the Property Management Life Cycle categories to give the discussion some order.
Protecting yourself from tenants is what these documents are all about.
Download (PDF, 417KB)
The Property Management Lifecycle by Crown Investor Institute LLC