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

small house bird box
Breaking News

UK First Time Buyers better off than many other global nations

Is it really that bad being a first-time buyer? UK better off than many other global nations when it comes to affordability The latest market analysis from Yopa, the full-service estate agents, reveals that first-time buyers (FTBs) in the UK may be paying 63% more to get a foot on the property ladder than they…
Read More
new build homes colchester essex
Breaking News

Building Safety Regulator Reform

The Government has announced reforms to the Building Safety Regulator, including leadership, process and investment. The changes are hoped to deliver 1.5 million homes. The reforms pave the way for creation of a single construction safety regulator, as recommended by the Grenfell Tower enquiry. David Smith, property litigation partner at London law firm Spector Constant…
Read More
Breaking News

New anti-money laundering rules now in effect: what landlords need to know

New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More
Breaking News

What landlords need to know about the upcoming Renters Rights Bill

The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
Read More
Breaking News

Mortgage approvals bounce back in May

The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
Read More
Breaking News

Money and Credit – May 2025

Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
Read More