How To Be A Brilliant Landlord: A Step By Step Guide
Whether you own an HMO (house in multiple occupation) or simply rent out a bedroom inside your home, it’s fair to say that being a landlord isn’t an easy task. There are countless different tasks and responsibilities that you need to master in order to ensure your tenants can enjoy the best quality of life inside your property, and this can be hard to manage if you don’t have years of experience as a landlord.
Fortunately, this step by step guide contains some of the best recommendations that you can make the most of to become the best landlord around. In fact, you’ll discover some of the most effective tips and tricks to simplify the process and help you to achieve the income you desire! So, what are you waiting for? Read on to discover more and boss the rental game today.
Stay On Top Of Maintenance
One of the most important steps that you must follow if you want to provide your tenants with the best experience is to stay on top of maintenance. It’s all too tempting to ignore or put off any problems that occur in your rental property, as you aren’t there on a daily basis having to deal with the side effects as your tenants would be. So, rather than making such a mistake, it’s best to try and put yourself in your tenants shoes, and think about how you would feel to live in a poorly maintained home. If paintwork is chipped or fading, then get in there and give the walls a fresh lick of paint. If door handles are loose or hinges squeak, then tighten them up or apply some oil to resolve the issues before they fester and worsen. Take reports of maintenance issues seriously, as at the end of the day it’s your property, and you should be working hard to keep it in the best condition and minimize unnecessary expenses. If you stay on top of maintenance, then you’ll be able to ask for a higher monthly payment, while also likely attracting a higher caliber of renter. It’s a real win-win situation!
Give Them Space To Live
A big issue that many renters have is a lack of privacy, as unfortunately many landlords regularly overstep the boundaries while failing to recognise the fact that although you own the house, someone else is paying to call it their home. This means that you need to give your tenants space to live without calling up unannounced, and never let yourself into the property without their permission. Even if you simply want to perform a meter reading, you still need to provide your tenant with at least 24 hours notice so that they can adapt their day. No one will feel comfortable to live their life normally if their landlord is breathing down their neck watching their every move, so take a step back and give them space to relax. They’ll no doubt reach out to you if ever there’s a problem or query!
Being a good landlord is a big commitment that takes continual work, but the potential rewards make the effort more than worth it. Good luck in your quest to be the best landlord around!
