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Don’t read this (it will make a lot of people angry)

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Please review this important post from our sponsor, thank you.

Hey friend,

What I am about to say will probably offend some people and if you are one of them I am sorry.

However it is unfortunately true so here it is:

The reason tenants complain so much about security deposits is the landlord’s fault.

Yep, that is an unpopular concept among investors but hear me out.

I recently did a survey among thousands of tenants and investors and found some very interesting data.

Nearly 60% of tenants are concerned about getting their deposit back and feel the landlord will try to take unfair deductions.

But after digging in a bit further it turned out that only 19% have actually had unfair deductions in the past (per them).

Wild that so many complain but only a small amount actually experienced it!

We have all had to deal with tenant complaints and arguments on the deductions but why are they actually complaining so much?

As investors we are not “out to get” the tenants as they may think. Sure we are in it for a profit but not to put them on the streets…

So why all the noise?

I can tell you I found the reason and it is quite a shocker, even for me:

By survey, 59% of leases had no inspection done or no photos taken.

Yep, that’s right. The majority of leases didn’t even have photos prior to the move in.

So how do we expect to have any sort of agreement on deductions when it is based on what the tenant remembers it to be? Naturally there is going to be a difference of opinion.

Of course the logical answer is that tenants should take photos for themselves but do we really expect them to do that? Not likely. And it is actually our property so it is in our interest to property document it.

This was the problem I was running into and I created a simple solution for it which I wanted to share with others.

It is called Lease Protector.

I created it with this exact problem in mind and to provide investors with a cost effective way to do inspections.

After a ton of demand I later added a full suite of features so they can manage their properties start to finish for free (yeah, crazy I know…).

So if you want to learn more about it you can click the link below. It is a free account and no obligations so check it out.

>>> Learn more about Lease Protector

And if you are already using another property management software then I have a solution for that as well.

I took the inspection feature and made it into a separate app that is super simple that you can use to do inspections. Not free but very cost effective and will save untold misery…. (free account creation so you can look around).

>>> Inspection app

I am sharing these as I found them helpful with my rentals and I think you will too!

Enjoy!

Sean Tanner

RE Investor & CEO of Lease Protector

Lease Protector – Inspections Made Easy

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Please review this important sponsored post, thank you.

Inspections Made Easy

Lease Protector is proud to announce our simple Inspection App!

Move Inspector provides a simple but extremely powerful tool that allows landlords to do inspections. Save time and money and protect your assets.

man using cp

Landlords can lose up to 2-3 months worth of rent on unforeseen damages

Landlords are responsible for covering the cost of wear and tear and keeping the property in good shape. And Tenants are responsible to keep the property in good condition and pay for damages they cause. Everyone agrees with this but how do you determine what each party is responsible for?

The solution is an accurate report with photos shared with both parties.

Inspections are simple and can be customized to fit your needs. As many areas as needed can be added to the report. Areas can be assigned to rooms, parts of rooms or even the whole property!

Inspections can be done using the mobile app to take pictures or on the web browser by uploading photos.

After completing the inspection, a report is created that provides all photos and notes. The report is saved as long as you need and can be downloaded or shared to any email needed.

Perfect for documenting the property, security deposit deductions or even insurance claims!

Copyright 2023 Lease Protector©, All rights reserved. https://leaseprotector.com

Free Property Management Software

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Landlord Software Designed For You

Make self-managing rentals easy and efficient while protecting your assets – for free.

Custom built for investors, by investors, Lease Protector provides an all-in-one lease management software designed to help investors manage and protect their assets for free. Track properties, create leases, collect rent and more.

Protect Your Assets

Costly damages and tenant disputes can all but wipe out any profit from rental properties. Protect your property by accurately documenting and storing move in and move out conditions.

Use our simple but effective tool to inspect and document a complete and accurate record of the property before the tenant moves in and after moving out. Generate reports with side by side comparisons and custom invoices for security deposit deductions and insurance claims.

Unlimited Properties & Leases

Track & manage all your properties in one place with a full suite of features including lease tracking, tenant portal, rent collection through CC & ACH, maintenance requests, eSignatures, inspection and more!

Manage On The Go

Manage rentals on the go and collect rental payments with free landlord and tenant apps for both the App Store and Google Play.

Copyright 2023 Lease Protector©, All rights reserved.