Being a Landlord comes with so many demands, there is a lot of information that you need to be aware of which can be confusing and daunting, especially if you are a first time landlord. But If you prepare your property and obtain the right kind of tenants, one of your most important assets will become a great investment.
You may think that being a landlord is tough but if you follow our top tips, you will be well on your way to become a successful landlord.
To become a successful and respectable landlord you must follow UK property landlord laws. There is a lot of information out there, so be sure to carry out all the necessary research before deciding to become a landlord.
Some of the key responsibilities a landlord must follow are:
There are so many more responsibilities and laws which landlords must follow, ensure that you are compliant with all regulatory landlord responsibilities by visiting the government’s website or talking to your local letting agent professional.
Choosing the right tenant to live in your property is the most important thing to get right. By using a screening process and asking relevant questions such as “what is your current state of employment?”, you can start to build up a profile of the applicant and make a decision on whether to move forward.
Other questions to ask potential tenants include:
Before you let your new tenant move into your property, carry out a full inventory of what is in the house and what condition everything is in so that if there is damage to your property, you resolve any disputes quickly and efficiently.
Listen to your Tenant’s needs - It’s your duty as a landlord as the owner of the property to listen to your tenants needs to keep any disputes and problems at a minimum.
It’s important that you recieve the right support and advice in order to become a successful landlord. We are experts in the property industry, if you are looking to rent your property in Worcester consider the benefits of what a local letting agent can achieve. We have a good knowledge of the area, are on hand to answer any questions and know the local property industry well.
We are expert letting agents in the Worcester area, if you have a landlord question, Check our out Landlord FAQ’s or contact us on: 01905 616330.