Some people assume that becoming a landlord is a simple
task, generating a generous income without too much effort.
However, there are many things to think of, and whether
you’re considering becoming a landlord for the first time, or you’re a seasoned
investor looking to increase the size of your buy-to-let portfolio, there are
tips and tricks of the trade that are useful to know in order to make a success
of your time as a landlord.
Five star property
Having a property which is in tip-top condition is arguably
one of the most important things to contribute towards becoming a successful
landlord. No prospective tenants will want to live in a grubby, cluttered
property, so ensure it’s presented to the best of its ability before a viewing
and before the beginning of a tenancy. Plus, giving your property a subtle
makeover with a neutral décor could add value to its monthly rent.
Unfortunately some landlords fall at the first hurdle, as
many will ensure their property is gleaming for a viewing, but won’t be on-hand
to arrange any property maintenance, should the property require
it once the tenancy is under way.
Tenants won’t want to wait around for jobs to be completed,
therefore it’s vital that as soon as maintenance issues arise, such as a faulty
boiler or a broken freezer, they want to feel reassured that it will be sorted
as quick as possible. Tenants appreciate a quick response, and keeping on top
of things will contribute towards keeping them happy.
Be a friendly face
Tenants ultimately want a landlord or letting agent to be
someone they can come to, should there be a problem, so it’s important that
right from the get-go, you’re an approachable point of contact. The little
things really do make a difference to tenants, so we advise you send a moving
in card with your contact details.
Some landlords even try to sweeten their tenants further
with a gift! Ultimately, your aim as a landlord is to generate a regular income
and minimise void periods, so these little things could go some way towards
convincing a tenant to renew their tenancy.
However, don’t take this to the other extreme and constantly
pop around to visit the property. Tenants won’t appreciate a landlord who turns
up unannounced, so ensure you notify your tenants 48 hours before visiting the
property.
Remain the right side
of the law
Being a landlord, it’s vital that you stay abreast of the
legislation concerning your rental property. Failing to stick to the guidelines
could lead to a hefty fine from the authorities. For example, it’s vital that
you as a landlord put tenant’s safety first and install and maintain smoke and carbon monoxide detectors,
especially before October 1st.
Get in the experts
Being a landlord can be a time-consuming and arduous task,
but not if you employ a team of property experts to help manage your rental
property. Here at Balgores Property Group, we’re an Essex-based
estate and lettings agency, with a whole raft of trained property specialists
who possess the expertise to look after your investment.
Not only do we have bags full of property knowledge, but we
also ensure your property is seen in all the right places. We market your
property on the leading property portals Rightmove and Zoopla, ensuring maximum
exposure in finding you the best possible tenants.
Don’t believe us? Don’t take our word for it, just check out
what others thought of our service on our testimonials page. Alternatively, if you would
like more information on the services we offer, then contact us at one of our many branches.
No comments:
Post a Comment