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8 Hacks to Get Your Tenancy Deposits Refunded

8 Hacks to Get Your Tenancy Deposits Refunded

Proper End of Tenancy Cleaning Guarantees Your Deposit Refunds

Many good property owners expect their property to be returned in the best hygienic state it was given out. Also, they understand that their property has been used for many years and is due for its tears and wears. However, there could be others who no matter how long their property has existed, they expect it remains ever brand new as it was when newly built and never agreeing to wears and tears. These property owners are ready to push little issues about wears and tears on their property to any length “legality and beyond” just to get you over billed. As if they expects you never to touch anything while using the property.

Is there a possibility to know which one of these landlords understands the use of their property and its depreciation value with age? Well, I don’t think it’s worth the stress finding out which landlord is understanding or which is not. So, if you desire to have your tenancy deposit refunded, there is need to return the property in the best way possible as it was let out and just in case, get some evidence.

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1. Keep check in records.

Just with time, it’s likely you will forget the status of the property when you moved in. It is very important that the wears and tears on the property like wall stains (scuff marks) before moving in are documented and signed by you and the property owner as fast as possible. With this, you won’t be charged for any existing property wears and tears when your tenancy period ends. also, keeping check-in records will help save many issues about electricity, waste disposal, if any surfaces need special cleaning and more.

2. Taking photographs.

It will be amazing that your camera is a strong a weapon when issues arises. While moving in or out, make sure to photograph the each you as you meet it or left it. In case any issue comes up, the photograph indeed can never be wrong unless it’s showing entirely another property. It’s also advisable to take dated photographs or labeled photographs immediately as you arrive at this property and never forget to send them along with the check in records. Keep your own copies, too.

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3. Invite the property owner and walk him around.

While moving in, it’s sure your landlord will walk you around the property for inspection and records before signing the agreement documents. Still, it’s very important to ask the landlord around and walk him through the property both interior and exterior to attest the status of the property before finally moving out and if possible, he may come around with a potential tenant wishing to take the property over from you if there is already one. The landlord can use this as an opportunity to point out anything he is not OK with regarding the property status and you settle it the best way to avoid issues with your deposit refund. Use the check-in record as a guide. Interestingly, the potential tenant could act as a witness to this inspection.

4. End of tenancy cleaning.

At the most, this is where major issues arise and everything we have said this far all has a link to this. Interesting to know that over 55% of deposit issues comes from non-satisfactory cleaning by the tenant. Landlords often use this as opportunity to withhold your deposit and you have to be very careful how this is done. To be sure of your deposit refund, it’s advisable to contact an end of tenancy cleaning company for their service if you don’t have enough time left to do it or it appears too stressful for you.

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However you chose to do this, either cleaning yourself or requiring the service of professional end of tenancy cleaning company is your choice and not the landlords’. The landlord can’t force you to use a particular cleaning company for the cleaning. It is good to let him know however you wish to do your cleaning, but know this well that it’s solely your decision. If you chose to do it yourself, this simple steps should guide your alongside your check-in records.

5. Remember the hidden areas.

This is especially important if you chose to do your cleaning yourself. It is very easy to become used to your environment and never noticing areas where dirt could accumulate but the landlord will be sure to notice these areas on inspection. To ensure you do this to its best, it’s helpful to assume it’s your first time in the environments and you’re making sure it’s safe for your habitation, so you have to make sure you look around properly.

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Asking friends for help might be of great help while they act as the landlord passing judgment on your work if it’s satisfactory or not. Ask them to be fair and serious enough because it will be of great help. Inspect where normally you hardly look like on top the refrigerator, the top corners of the room, etc. Check and unblock all plugholes.

7. Be paranoid.

Just because your landlord seems nice to you or often compliment you on how great you keep this property, doesn’t mean they will keep that nice manly attitude at the end of the year of your tenancy period. If perhaps you are renting for the first time, ask those who have had such experience and they will have much to tell you about this.

8. Don’t forget the tenancy dispute service.

No matter how smart or careful you may be, chances may have it that issues arise. There could always be broken promises and a huge sum of completely illegal charges on the deposits at the end of the rental period or end of tenancy is demanded. No matter how right you are, there might be a need to settle issues with tenancy dispute service and both will be asked to submit all evidences at the moment. Remember, keeping records becomes very useful here and you certainly will be able to claim all your deposits back if evidences are in your favor.

Featured photo credit: javavida.com via cheapestironing.co.uk

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Last Updated on January 2, 2019

How Personal Finance Software Helps You Get More Out of Your Money

How Personal Finance Software Helps You Get More Out of Your Money

Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

What Exactly is Personal Finance Software?

Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

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How It Leads to Financial Improvement

It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

Types of Personal Finance Software

When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

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Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

When to Use Personal Finance Software

So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

1. You Have Multiple Accounts

There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

2. You Want to Automate Some or All of Your Payments

Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

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There’s no need to log into every account you have and type in your routing number either.

With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

3. You Need to Streamline Your Budget

Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

4. You Have Specific Goals to Meet

Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

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How to Get Started

From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

Final Thoughts

Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

Featured photo credit: rawpixel via unsplash.com

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