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The Successful Landlord
Buying to let
So, you've decided to buy a property to let, or let out your current home and move elsewhere. Letting property can be both financially and personally rewarding. The biggest mistake that the less successful landlords make is not treating their tenants as their customers, and / or not taking care of their rental property. In the end, this results in void periods, rapid turnover of tenants and high associated tenant search and set-up fees.
Successful landlords on the other hand do the opposite. They treat their tenants in a straight-forward, professional way and care about their rental property. If a tenant complains that their washing machine has broken, the successful landlord gets onto it within a day and has it fixed within 2 - 3. Experience has shown that providing a well maintained property and being professional about the landlord / tenant relationship is repaid in better returns, less void periods and a generally more successful experience for all.
Letting out your property
A major factor in letting out your property is the costs associated with tenant searches and tenancy set-up. Letting agencies charge extortionate fees for doing relatively little, not to mention all the 'ad-ons' that they always seem to levy on the poor landlord (and tenant). There really is no reason why you shouldn't let your property yourself, through Rentfromtheowner.co.uk. It is preferable that you or someone you trust is able to show tenants around the property if you decide to let your property directly. This can even be the current tenant.
All the other aspects of setting up the tenancy, such as inventory reports, check-in, tenant referencing, getting a CORGI gas certificate (landlords gas safety certificate) and the tenancy agreement itself can be easily arranged by the landlord at much reduced cost compared with those charged by typical letting agencies.
Rentfromtheowner.co.uk provides all you need to save a fortune on traditional letting agent's fees - all quickly and efficiently. See our Essential Links for Landlords page for a centralised list of all the necessary resources.
Updated: 04 Dec 2009
