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Whilst investing in the Lettings Market has many, many benefits- the biggest downfall of being a Landlord is dealing with Property Maintenance and Management. Here are our top tips to help you save time and money when it comes to managing your rental property.
Make sure your screening process is robust. Follow up on references and interview the tenant, to find out more about them. If you don’t have time to screen your tenants properly, remember- we can manage it for you. It is a worthwhile investment to avoid the nightmares and time sapping powers of rogue tenants.
2. Act on maintenance issues as soon as you’re aware of them
If your tenant gets in touch with a minor maintenance issue, check it out straight away. You never know, the small issue they’re reporting could actually be a sign of a bigger problem.
Don’t let a dripping tap develop into a full blown leak. Save yourself a lot of time and money by resolving maintenance issues as soon as they’re mentioned.
3. Buy property insurance
Whilst some landlords don’t bother with property insurance, because it’s not always that helpful when it comes to the day to day maintenance of properties, it is still a worthwhile investment. If you have a fire or an escape of water or any other large disaster, it will pay for itself. Added extras like boiler cover and rental payment protection will also take the pressure off should disaster fall. In the event you need to make a claim, the insurance company will usually source replacements and organise tradespeople to rectify the damage. All the hard work is done for you and this saves a lot of time in the direst of situations!
If you’re really looking to save time and money, remember we can handle your Property Maintenance in its entirety. Relax knowing we’ve got everything covered.
Get in touch to find out more!
