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Renting A House After Foreclosure: The Inspection

June 28, 2010

If you find yourself in the situation where your house has been sold at auction, one of the easiest ways to find somewhere to live is to work with a property manager.

And one of my Las Vegas property management friends was talking with me this week about something that is very important when moving into a home – the inspection of the property prior to moving in.

Before moving in, you should inspect the property with the property manager and check for defects, damages and general wear and tear.  You are basically going to look for anything that the landlord may have missed – and you want to note anything that you find.

In a normal situation, the inspection results will be documented in detail by the property manager, with copies submitted to landlord and tenant. It doesn’t really matter if it is hand written or in email – but it is important to document so that you will not be held responsible for any damages to the premises that occurred prior to your move in.

Sometimes, it might even be worth it to take photos or video of anything you find — that way you have a visual record as well.

Most of the time you are going to be required to make a deposit and if you want to get your deposit back, it is important to get everything documented ahead of time.

And one thing is certain – now that you are no longer a homeowner but a renter – be sure to cover your liability, both when you move in and when you move out as well.

Filed Under: Short Sales Tagged With: Foreclosure, Short Sales

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