Advertising

8 Hacks to Get Your Tenancy Deposits Refunded

Advertising
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.

Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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

More by this author

What It’s Like To Be Raised by a Narcissistic Parent 7 Ways for Successful Online Dating After 50 4 Things You Must know If You’re Planning Your Property Protection How To Start A Successful Blog: 7 Easy Tricks 7 Beginner’s Techniques to Perfect Men’s Makeup Application

Trending in Budget Activity

1 6 Easy Ways to Treat Yourself 2 Seven Tips to Save Money While Renovating Your Home 3 4 Ways to Make Every Penny Stretch in 2017 4 Getting Out of Debt in 4 Simple Steps 5 10 Amazon Review Sites That Will Get You Really Good Deals

Read Next

Advertising
Advertising

Last Updated on July 20, 2021

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Advertising
Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

Break Free of Your Finances

Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

Though it seems hard to believe, it is really very simple to get financial freedom.

To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

Advertising

Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

1. Stop Unnecessary Spending

We often spend money inwardly, instead of objectively.

For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

To stop this habitual spending, log down all your spending over the course of a month.

Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

2. Plan a Monthly Budget

This is a great opportunity to get serious.

Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

3. Cut-up Credit Cards

Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

Advertising

If not, you may want to consider ridding your life of the burden that credit cards bring.

Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

4. Increase Savings

There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

It’s good practice to save up to 15% of your income.

Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

5. Invest Wisely

Consider investing in funds.

Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

Advertising

Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

6. Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

Another way to invest in gold is through ETFs (Exchange Traded Funds).

These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

7. Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

Make it hard to get your cash.

Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

Advertising

8. Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

9. Be Extra Patient

Patience is the key of financial success.

Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Financial Freedom for All

Anyone can achieve financial freedom, regardless of their financial circumstance.

Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

Featured photo credit: rawpixel via unsplash.com

Advertising

Reference

[1] Hartford Gold Group: IRA Retirement Accounts

Read Next