All landlords need three things from their tenants:-
- Rent paid on time
- Respect for the property
- Respect for the neighbours
Whether you are new to the rental sector, established and managing your own rental property portfolio or using a letting agent the linked articles below will help you to minimise your risks and maximise your returns.
OUR TOP TIP
If you are going to use the services of an agent to let and/or manage your properties the two most important things to check are:-
- They are currently a member of ARLA or NALS (re-check this every three months)
- They have valid Client Money Protection and Professional indemnity insurance policies (re-check this every three months)
A good letting agent will save you time and money. The founder of Property118.com has a significant property portfolio and nearly three decades of experience. He still uses the services of letting agents to let and manage his properties!
For a list of all the things you need to do in terms of effectively letting and managing buy to let property click here
Did you know the first £4,250 a year of rental income can be tax free?
Landlords are under a legal duty of care to ensure that the risk of exposure to Legionella for tenants, residents and visitors to their properties is adequately assessed and controlled. Landlords are obligated to have a risk assessment conducted out on their properties followed by subsequent periodic reviews.
Provided that the property is low risk (which includes most residential settings including houses or flats with small domestic type water systems) there is no reason why the landlord should not carry out the risk assessment themselves.
Please CLICK HERE and follow the step by step guide and use the form at the bottom of the page to produce your Legionella Risk Assessment for £8.95
We were so impressed with how this business manage our own buy to let property portfolio we decided to acquire a stake in the company, read why here
LettingSupermarket.com charge just 4% of rent for a full management service. This includes viewings, tenant referencing, inventory, check in/out, dealing with utility company changeovers and a whole lot more. There are no hidden extra charges!
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Let’s say, for example, that you want to read articles and discussions about freehold management. Simply type the words “freehold management” into the search box and press the search button. You can then scroll though the headlines and snippets of the articles to pick those which are most relevant to your research.
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Well over 50% of the articles appearing on Property118 are readers questions and discussion threads. We will always do our best to answer your questions but remember, there are 1,000’s of landlords, letting agents and other property professionals reading our Property Forum who are also keen to help.