5 Ways To Be A Good Landlord

The best landlords will care about making sure their property is let legally and that their tenants are happy.  However bad landlords aren’t bothered about being a good landlord, or whether their properties meet the legal requirements and don’t care if their tenants are unhappy.  The only thing bad landlords care about is the rent going into their account every month.

Bad Landlords Lose Tenants

Bad landlords rarely receive the best rental income and are always having to find new tenants to pay the rent.  Worse still, the property is not likely to be cared for, so is unlikely to be increasing in value.

Follow our top five ways to be the best landlord to help you secure:-

• The best paying tenants
• Top rental income
• Retain your property’s value

The best landlords:-

1. Are legal

They will ensure their property is let legally with a gas safety certificate, electrical and PAT testing, as well as extra precautions such as smoke alarms on every floor.

2. Keep up to date with the latest letting rules and regulations

Good landlords don’t just know the current regulations, they also make sure they keep up to date with new rules and regulations.

3. Ensure their buy-to-let property is in good order

The best landlords realise that if they keep their property in good condition, the tenants are more likely to look after it.  That means clean bathrooms and kitchen with taps, shower and appliances all in good working order, with no leaks!  Clean carpets and walls and a tidy front and back also help.  The best landlords will also ensure that all appliances have easy to read instructions so that tenants know how to use them.

4. Fix things quickly if they go wrong

How would you feel if you lived in a home and the tap kept dripping, keeping you awake at night, or the heating didn’t work and you were freezing cold? So when your tenant (or letting agent) asks for something to be fixed, it’s worth getting it done straight away.

5. Do what they can to retain good tenants

Good tenants are worth their weight in gold, so try and keep them if you can. It’s always worth chatting to the tenant (even if it’s a letting agent looking after the property) and asking them if they will stay for a while.  It might take a small reduction in rent in return for a longer agreement, or a quick paint job or new shower, or even the addition of a dishwasher.  All for few hundred pounds, to retain someone paying you thousands on an annual basis, so it’s well worth it!

Why not call us on 01326 210304 to discuss how we can help you be a good landlord or visit www.belvoirlettings.com/falmouth