3 Requirements of a Good Landlord

Being a landlord doesn’t only involve having spare premises that you can rent out. It can also mean looking into your responsibilities and making sure that everything is in good working order.

This way, you may be able to retain tenants who will treat your property with the utmost care. Failure to comply with legislation, or make timely repairs, could see you losing tenants frequently, which will inhibit your ability to gain revenue from these homes or buildings.

Look After the Boiler

When moving into a property, the last thing a tenant may want to find is that they have no access to heating or hot water, especially if it is cold or they have young children. It can be good practice to ensure that regular servicing is undertaken, so that you know the boiler is in good working condition. The differences in answers you will find between ‘how much is a new boiler’ and ‘how much is boiler servicing’ may also help to motivate you to check this annually. If you do need to replace the boiler, it could be a good idea to opt for one that is simple to use, so that tenants are able to adjust temperatures and times easily. Choosing an engineer who is fully qualified is also imperative to maintaining its condition.

Communicate

Whether you liaise with tenants via an estate agent, or directly, is up to you. This may depend on how much you like to be involved with the inner workings of your property, as well as your own schedule. You may want to discuss some aspects of the property, such as tenancy inspections, with the tenants themselves, so that you can make it clear when you plan to visit, and ensure that the tenants will be home at this time. Direct communication can also be a good way to find out about repairs needed, if these are still your responsibility, as well as to build a good rapport between yourself and the people living in your building.

Be Fair

When contemplating raising rent prices, it could be a good idea to keep your tenants in mind. If you have had no issues with your current tenants, raising the rental price significantly may force them to search elsewhere. While you may want to make sure that being a landlord is still profitable for you, you might not want to run the risk of losing good tenants. Likewise, if your tenants fall into straits, you may want to show some level of leniency for a temporary period. An example of this could be that a tenant’s pay isn’t until the day after rent is due, so you might opt to waive fees as long as it is paid promptly that day.

Being a good landlord involves looking after your property, and avoiding any unfair changes. If work needs to be done on the house, it can be a good idea to give your tenants as much notice as possible.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More