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 mistakes made by less successful landlords is forgetting to treat their tenants as their customers, and not taking care of their rental property. In the end, this results in periods of no rental income, rapid turnover of tenants and the consequent costs associated with finding new tenants.
Successful landlords, however, 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 it fixed immediately. Experience has shown that providing a well maintained property and behaving in a professional manner greatly improves the landlord-tenant relationship leading to better returns, continual rental income generally more successful and enjoyable experience for all.
Letting out your property
A major factor in letting out your property is the cost associated with tenant searches, tenancy set-up and documentation. Letting agencies will charge a percentage of all your rental income and in many cases will make additional charges for services outside the scope of the basic letting agreement. There is nothing to prevent you letting the property yourself and save the costs associated with an agent, but remember that it is essential that you or someone you trust is able to show prospective tenants around the property.
All other aspects of setting up a tenancy, such as drawing up inventory reports, tenant references, landlords gas safety certificate, energy performance certificates and a tenancy agreement itself can be easily arranged by the Landlord. All this can be achieved at much reduced cost compared with those charged by typical letting agencies. All of these are available through rentfromtheowner.
This web site provides everything you need to save hundreds of pounds compared with the cost of using a letting agent. Quickly and efficiently. See our Special Guide to Letting for information on setting up a tenancy, the legalities of letting your property and finding a tenant.