Tag: #propertyladder
Is Being a Manchester Landlord an Easy Money Maker?
Many people think that being a landlord is easy. Rent out a property, move some people in, sit back and rake in the cash… if only it was that simple. Any experienced landlord knows that owning rental property is hard, and it can be a 24/7 job in the event of any issues. Preparing a property for rent is just the first hurdle; ensuring your tenants are safe and the property is maintained are ongoing requirements. In this quick read, we bust some common myths about landlords and their obligations. Landlords don’t care about safety Wrong! It’s [...]
Why Landlords Should Conduct a Property MOT
It pays to sit down once a year and review how your buy-to-let is performing and flag up any potential issues looming on the horizon. A two-minute read. We’re all familiar with an MOT, an annual check-up to ensure your car is safe and good to go for the year ahead. Well, let’s apply the same concept to a buy-to-let investment. Even if your current tenancy is ticking along nicely, a property MOT can be a helpful exercise to ensure that you: Are up to date with government regulations and maintenance Have the right rental strategy Are [...]
Top Tips for Successful Property Inspections
Inspections are a key part of managing a tenancy so it’s imperative that landlords get them right. Here are some top tips to ensure landlords don’t miss a thing. A two-minute read. We’ve all heard the horror stories about nightmare tenants who trash a rental property, leaving the landlord up to their neck in repair bills and legal costs. Or maintenance issues that were left and became problematic. Thankfully, there are ways landlords can minimise these risks and one key strategy is to conduct regular inspections. Landlords are often diligent with inspections at the start of a tenancy, [...]
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https://www.youtube.com/watch?v=liV41waIjbo
Top Tips for Finding the Best Tenants
The secret to a smooth-running tenancy is good tenants. Here’s how to find them. A two-minute read. There are few guarantees in life, but we promise you this: let your property to a bad tenant, and your job as a landlord will get much more complicated. Expect to be out of pocket (due to missed rent payments and damage to your property) and stressed (dealing with nightmare tenants is, to state the obvious, a nightmare!). The key to avoiding this kind of turmoil is to find a good tenant who will treat you and your property with respect. This [...]
What to Do Before Renting Your Property to Family or Friends 👪
Here are some questions you should ask yourself before you rent your property to family or friends. Do they need to sign a tenancy agreement? Yes, yes, and yes again! They might be family, but they’re also your tenants and both parties need to know what is expected of them. For example, they might say they want to stay for 12 months but then leave after just six. Without a tenancy agreement, there’s nothing to stop them – putting your income at risk. Should I take a deposit? This is a personal decision that you need to make, [...]