Revealed – why professional inventory management training is so important
Inventories allow landlords and letting agents to keep on top of their property portfolios and limit potential loss of income from tenant disputes.
The level of professionalism, accuracy, and expertise of the inventory will contribute to the outcome of the tenancy.
Like with all industries, the right skills, knowledge, and abilities must be acquired to get the best result, and training provides exactly this.
Therefore, landlords and letting agents who recognise the necessity of inventory management training will be able to manage their properties effectively.
Trained professionals take less time
Inventory management training courses are not only aimed at those aspiring to become inventory clerks. Instead, new, associate members, interested parties and experienced clerks who wish to gain more confidence in their inventory reporting skills and refresh their knowledge are also welcome to undergo professional training.
Landlords and letting agents who choose to carry out their own inventories can receive the appropriate training. This will equip them with skills from knowledgeable sources about how to conduct these professionally and efficiently.
By delegating this task to accredited inventory clerks more time can be saved, as this will allow landlords and letting agents to focus on other important areas of their job.
Furthermore, professional inventories provide letting agents and landlords with all details about their properties contained in one easy to access place. This helps to save time as it makes tracking the status of the property simple and straightforward.
Less room for mistakes
Mistakes and inconsistencies with inventory reports can cost a landlord thousands of pounds in the long term. However, relying on someone who has been professionally trained to do them will reduce the risk of this happening.
Property inventory management training presents an opportunity to accumulate accurate knowledge about how to properly compile and analyse an inventory.
During training sessions, all the relevant information is covered including how to conduct reports, what to include, safety procedures, compliance issues, how to read meters, check outs and apportioning liability for damages and more.
Professional inventory management training is conducted in a way that is standardised therefore it limits the chances of vital information being missed. The more standardised this training is the less room there is for mistakes.
Training will improve the letting industry
Professional inventory management training can drastically improve the overall standard of tenancies and reduce the amount of disputes proceeding to arbitration.
Often, gaps in knowledge are what lead to mistakes. Therefore, if this gap was filled through the appropriate training more tenancies could be improved.
Inventories, that are done by a trained independent clerk make tenancies easier to manage and monitor. While certifications that are gained once the training is complete, allow people to easily recognise who is qualified to manage the inventory.
Inventories that are carried out by independent people who have the relevant qualifications will be done to the highest standard and prevent losses from being incurred. They will also help to simplify the lettings process for tenants, letting agents, and landlords.
As an agent or landlord, you want to protect your investments and establish smooth transitions from one tenant to the next. Here at The AIIC, we are dedicated to promoting the highest possible standards of accuracy and reliability in the inventory process and have been endorsing high levels of professionalism in the inventory business since 1996.
It is our mission to ensure proper information and training is provided and our bank of highly skilled members will provide the best possible service. For more information, please contact us or search for your local AIIC member clerk now.
You can also download a copy of our Code of Practice and Guidelines for Professional Practice guide here.
Published on 01/12/2022