A common frustration for many landlords is accidental damage which can occur at their investment properties. Whilst accidental damage is swiftly dealt with by your property manager on your behalf, normal wear and tear is a bit different.
The reality is wear and tear on a rental property will occur over a period of time, and as a landlord it is normal to except a reasonable amount of wear and tear – the key is to have realistic expectations as rental properties won’t remain in exactly the same condition at the end of the lease as when the tenants first move in. It is important to note that insurance will not cover wear and tear as the damage was not malicious or accidental and should be expected as part of owning an investment property.
Accidental damage is caused by a sudden or unexpected event. An example of this would be spilling red wine on the carpet or a window breaking. If you have a tailored landlord’s insurance, this sort of damage may be covered or alternatively it may be the tenant’s responsibility to fix.
One of the main reasons landlords confuse wear and tear for accidental damage is that after leasing their property they often don’t see it again until after the end of the tenancy agreement. This is why regular inspections are an imperative property management process. Our property managers pride themselves on promptly communicating any damage to landlords, rectifying all maintenance issues and incorporating photos of any damage into inspection reports.