How To Be A Successful Landlord...
Updated: Aug 22, 2019
1. Know the laws. Whilst your agent will be up to date with the latest legislation, it is a good idea for you to also ensure that you know what’s going on in the industry too.
2. Carry out necessary repairs. If the tenant makes a request that is deemed fair, then it is advisable for you to authorise any remedial works. This will keep the property in good, safe condition and also keep your tenants happy.
3. Keep communication open. As agents our job is to remove the stress from you and predominantly we will deal with all queries and resolve them on your behalf, however, if you see your agent calling I’d recommend you pick up! If there is an emergency and we don’t get a response from you within a certain time frame (normally 24-48 hours), we will have to make a decision that we feel is right under the circumstances. This means, for example, you may not get your preferred tradesman on a job as we will need to authorise someone to attend to the issue.
4. Respect tenants privacy. This is more one for private landlords. Tenants have a right to their privacy and you should bear this in mind at all times. If you need to enter the property, you should give them a minimum of 24 hours’ notice. You must never use your keys without their permission unless there is an emergency that presents immediate danger.
5. Don’t discriminate. Again, this is one for private landlords. We recommend you go through an official referencing company to check that the prospective tenants can financially afford to rent the property, pass credit checks and that they have the right to rent in the UK. You cannot decline an applicant due to personal attributes such as gender, age or race.