Asset Management
Keeping track of your PG's physical inventory helps you prevent loss, manage depreciation, and quickly assign costs if a tenant damages something.
Logging an asset
Navigate to the Assets page and click + Add Asset. You can record:
- Name & Category: Choose between Furniture, Appliance, Electronics, or Other (e.g., "Samsung 32-inch Smart TV").
- Condition: Mark the current state as New, Good, Fair, or Damaged. Update this during regular property inspections.
- Room Assignment: Optionally assign the asset to a specific room (like "Room 101"). Assets with no room assigned are treated as common-area items (like a lobby sofa or dining table).
- Financial Details: Enter the serial number and purchase value for your own internal accounting and warranty records.
When a tenant vacates, it's best practice to check the assets assigned to their room. If an asset is moved from 'Good' to 'Damaged', you can log an extra charge during their final security deposit settlement.
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