Reports2Go

The hidden costs of skipping inventory reports (for tenants)

Moving can be stressful enough without the added burden of unexpected disputes and costs. Whilst a thorough inventory report may seem like an extra step, skipping it can lead to a cascade of hidden costs that can quickly eat away at your savings. Here is why you must never underestimate the power of a comprehensive inventory report and how Reports2Go’s inventory report can help you avoid these extra costs.

Deposit disputes

Potential deposit deductions are one of the most common hidden costs of skipping inventory reports. Without a well-documented record of the condition of the property at the start of the tenancy, a landlord might withhold the deposit for unexplained damage. This could be due to existing wear and tear that was not noted or accidental damage that can be easily disputed with a property inventory report.

Repair costs

Issues, however small they might seem, without a detailed inventory report will lead to bigger problems later. For example, a loose doorknob that is overlooked during the move-in might be insignificant until it breaks entirely, and one cannot be certain who is liable for repair.
An inventory report helps to clarify such problems and give clarity on who is to repair them.

Time-consuming arguments

Without any clear record, it can be extremely time-consuming and frustrating to sort out disputes. Hours can be spent arguing with your landlord over pre-existing damage. An inventory report is a neutral reference point which reduces arguments and gets things over with faster.

Legal fees (worst case scenario)

Extreme cases will have disputes over property conditions turn into legal action. Lawyers are not cheap, and the stress of litigation is another unwanted layer on top of the moving experience. Having a detailed inventory report can really reduce the risk of having to get to that point, saving you time and money.

No peace of mind

Perhaps the most valuable cost avoided by having an inventory report is the peace of mind it offers. You feel confident knowing that you have documented the record of the condition of the property and so can move in and out with confidence. It provides a sense of fairness that helps build a better landlord relationship.

Benefits of an inventory report with Reports2Go

Reports2Go understands that an extensive inventory report is a fundamental requirement. We offer you the most user-friendly platform whereby you can easily create the most comprehensive record of the condition of the property and generate an inventory report. You can capture the detailed description, record clear photos and use voice-to-text functionalities for added convenience.

Gary, 03 January 2025