First-time landlord: 5 top tips
1) Marketing matters
High-quality photos and floor plans attract more, and more suitable, tenants – at Fenn Wright these are included free of charge.
2) Legislation changes
There has been 145 new pieces of legislation in the last six years that directly affect private landlords. With landlords’ legal responsibilities changing frequently, be sure to contact one of our experts if you are not sure what your obligations are.
3) First impressions count
Tenants decide whether to rent a place in the first few seconds of walking in, and sometimes before they’ve opened the front door. Ensure that your rental property is looking its best, inside and out – even in communal areas. Better homes achieve better rents.
4) High expectations
Tenants today expect a professionally managed property with high-quality fixtures and fittings. When it comes to move-in day, they also expect an independent inventory inspection – have these arrangements in place with your agent to save yourself any last-minute hassles.
5) Be quick
Be sure to respond to a tenant’s rental offer promptly. If you can’t be reached or your agent doesn’t have the authority to negotiate on your behalf, then a tenant might move on to their second choice of property. Make sure your agent knows if you are going to be away, and check your messages regularly so that you don’t miss out on the perfect let.
If you need more advice about being – or becoming – a landlord, speak to your local Fenn Wright lettings team today. Get in touch.