WHAT IS FAIR WEAR AND TEAR

Reblogger Charles Stallions
Real Estate Broker/Owner with Charles Stallions Real Estate Services

Hunting a list of things to discuss wear and tear "my biggest pet peeve" when it comes to property management.

 

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Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs as well as investors throughout the US. Call Charles for a list of references before buying or selling you what some consider being their largest investment.

______________________________________________________________________________________________

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Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind.  E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area.   Charles Stallions Real Estate Services  located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist, a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida. Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.  

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We offer Property Management for $50. Flat fee monthly

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Original content by Joseph Holbrook

WHAT IS FAIR WEAR AND TEAR

During the period of renting your home or investment property, you need to

keep in mind the term Fair Wear and Tear. It's not often that a tenant will maintain

a property as well as the homeowner.

Any home, whether occupied by the owner or tenant, regardless of how

meticulous they are in maintaining the property, cannot escape "normal wear and

tear." This principal underlies the inclusion in all lease agreements of the "normal

wear and tear" exception.

Based upon the perspective of professionals in the property management industry

some examples of normal wear and tear are:

1. Scuff marks on walls, trim, woodwork, flooring and doors

2. Minor scratches and dings on appliances

3. Overgrown trees and large shrubs

4. Minor stains and visible wear and tear on carpeting in traffic areas

5. Picture hangers (hooks, small nails, molly or other anchors)

6. Deterioration/staining of caulking (kitchen and baths)

7. Loose fixtures (towel bars, toilet paper holders etc) & loose door knobs/locks

One of the goals of HPE Property Management is to protect and preserve your

property in a condition that represents how you left it, taking into account fair wear

and tear.

We complete detailed inspection reports after the owner leaves, prior to the

tenant moving in, and again after each tenant vacates. We use these reports as the

basis to determine damages. Two examples of fair wear and tear are: a window

screen that has a fray from age or a hole from a tree limb. A large red stain on the

living room carpet that was not present prior to the tenant's occupancy; however, is

considered damage. We also inspect your property approximately every 6 months

to keep you apprised of the current condition.

It is important for you, the homeowner, to avoid unreasonable expectations

about the continuing condition of your property when placed in the care of a

tenant. When we report to you the condition of your property during the course of

a lease term, please don't be alarmed about "normal wear and tear". When the

tenant vacates we often prepare a list of items that are considered fair wear and tear

as well as items that could use updating to keep your home attractive for rental

purposes.

Lawn and shrubs are another concern about the property

. If you are not providing

full lawn care be aware that most tenants will not maintain the yard as well as the

homeowner. Tenants are not required to mulch or provide chemical treatments for

fertilizing, weed or insect control. Lawns and shrubs take quite a bit of time to

restore. We recommend that you consider putting in place a program that will

provide 4-6 treatments per year for fertilization, weed and pest control and possibly

lime and aeration. Additionally, you should consider an annual cleanup to mulch,

edge beds, pruning and shrub feeding.

If you have not seen your property in two or more years, we recommend you plan a

visit. Check the IRS regulations for possible tax reductions for visiting your

property. Keep in mind that not all tenants keep the property looking like the cover

of Good Housekeeping.

Please remember, fair/normal wear and tear happens to all properties. Carpet,

flooring, paint (interior and exterior) appliances, and roofs all deteriorate/age and

require periodic maintenance and replacement.

You will be receiving thousands to tens of thousands of dollars in rental income.

The more consideration you give to upkeep of the property, the more appealing the

property is to new tenants and in retaining current tenants.

"We REALLY do appreciate all your referrals"

Joseph Holbrook
HPE Property Management / Keller Williams Realty Reston
Property Manager & Agent
http://www.hpepropertymanagement.com/ 
http://www.restonhomepage.com
Phone (703) 651-9169
Fax: (703) 651-9170

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Rainmaker
736,782
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggresive & 560 FICO - OK, Colorado Mtgs

thanks for the reblog I missed this first pass.

have a good rest of the wkd

Oct 01, 2011 09:57 PM #1
Rainer
204,518
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h

Fair wear and tear can sometimes be a difficult concept for both renters and owners to understand.  That is just one more reason why folks need to hire property managers.

Oct 02, 2011 12:25 AM #2
Rainmaker
1,086,055
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

DIRT is NOT wear and tear.  There are several good guidelines on this issue and I explain them in my 19 page resident handbook that accompanies my lease.

Oct 02, 2011 03:13 AM #3
Rainmaker
1,385,726
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Thanks for stopping by David and BTW I just love the Colorado mountain and the freash air. Good luck on your race for the cure events.

Mark ~ sure can be and so right hire a professional

Wallace thanks for all your help, 19 pages uh wow.

Oct 03, 2011 10:05 AM #4
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Rainmaker
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Charles Stallions

800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
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