Are you a landlord in Seaford? Many Seaford landlords today are all too aware of the overpowering public image of “the bad landlord.” The bad landlord is the landlord everyone is hoping to avoid when they search for a new place to rent in Eastbourne: the one they’ve heard stories about, who wouldn’t fix their heating in the middle of winter, or kept the entire security deposit for no good reason.
The good news is, being a landlord doesn’t have to be the job of nightmares. Next, there’s a compilation of five tips for being a respected, successful landlord in a sea of bad ones.
Five Tips For Landlord Success:
1. Get into the business mindset. Presumably, you’re not a landlord simply for a hobby, so do not treat your business as such. Approach your landlord position as you would any business
2. Screen your potential tenants. You’ve invested in your rental property, now you need to find someone who is going to respect your investment, pay on time, and not cause you any trouble. A bank wouldn’t loan a large amount of money to someone with no credentials, and as such you shouldn’t trust your investment with the same. Screening your tenants means making sure they can prove they have a monthly income more than double that of your monthly rent, good credit history, no county court judgments, and references from their employer or accountant, previous landlord or letting agent. If you find the right person to let your property to, being a landlord can be a breeze.
3. Respect Your Tenants. Tenants should be treated with the same respect as any business relationship. You don’t have to like your tenants personally, but all interactions should be held with the utmost courtesy and respect for your tenant, including everything from handling essential repairs in a timely manner to listening to and discussing any tenant concerns.
4. It’s your job to be fair, not nice. Nice and fair aren’t always the same thing, but if you expect to run your rental property as a business, you have to leave emotion out of the equation. This means expecting tenants to uphold their end of the agreement as much as you do yours. So if rent is due on the first, it should be paid on the first.
5. Hire others. Being a landlord requires a myriad of responsibilities to be fulfilled, and it will not always be possible to do everything yourself, especially if you own multiple rental properties. You will need a reputable, qualified electrician, plumber and gas engineer and may need a handyman for general repairs and maintenance.
Letting agencies can provide Property Management Services
If you have a rental property and wish to be hands-off with the entire process, letting agencies can provide full property management services to landlords. We handle everything from advertising your rental property to finding tenants, to organising repairs, and so much more, all with the professionalism and expertise that comes with years in the business. Alternatively, if you are happy to manage your property yourself, our tenant find service could prove indispensable.
Your property will be advertised on property portals such as Rightmove, Zoopla and Prime Location and you can relax knowing our professional referencing and credit check procedures will filter out
unwanted tenants and verify desirable tenants for your property.