How to Handle Rental Damage in the LBI Real Estate Market
Long Beach Island Real Estate Rental Damage 
Long Beach Island Real Estate Rental Damage 
Long Beach Island Real Estate Rental Damage
Long Beach Island Real Estate
Summer rentals make up a large part of the Long Beach Island economy and the LBI real estate market. Tourism is the foundation of Long Beach Island and has been since the area was settled in the early 19th century. Management is usually the most significant concern for would-be landlords and landladies. One of the biggest worries surrounding the administration of a rental is how to handle Long Beach Island Real Estate Rental Damage. Every situation is different, but regardless, there are some tips, both a landlord and tenant can follow to help make the process easier.
- A landlord or tenant should report any damage immediately
- Document everything. The best way to handle damaged is with a picture
- Both parties should try to be fair with one another
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Long Beach Island Real Estate Rental Damage
The first tip may seem obvious, but it is usually overlooked. When arriving at a summer rental, a tenant should take 10 or 15 minutes and conduct a visual survey of the property. The major items to look for are stains, damage, marks on the wall, tears in any of the furniture, the proper number of beach badges if they are being offered and a quick inventory items left in the home for use by the tenant. If any damage is found, it is best to take a photo and notify your rental agent or the homeowner right away. This way, the problem can be noted, and the tenant should be absolved of responsibility. To that end, documentation is essential. By having a photo of any damaged found so early on in a rental period, the tenant should be able to clear their name. For a rental homeowner, any damage that is observed upon a tenant’s departure should also be photographed and reported right away. I cannot overemphasize the value of taking pictures of the damage BEFORE any remediation or cleaning has taken place. When damage does take place all too often emotions can take over. It is best to remain calm and logical in the handling of the situation. Usually, damage can be repaired for a few hundred dollars. Offering to split the repair can often resolve the entire matter.
Buying and Renting in the Long Beach Island Real Estate Market
Buying a home on Long Beach Island can be expensive! Summer rentals on Long Beach Island can often help to offset some of these high ownership costs. Rental damage comes with the territory, and knowing how to handle it can make the process smoother. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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