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Stress-Busting Tips for Landlords

Stress-Busting Tips for Landlords

Stress-Busting Tips for Landlords Managing a rental property can be stressful, with broken appliances, tenancy challenges and rising costs making even the most zen landlord anxious. As April is Stress Awareness Month, here are some ways for landlords to reduce stress. Get a good agent The first way to relieve some of that landlord anxiety is to find an agent that knows the local market, has a strong portfolio of rental properties in the area, and is confident in finding and dealing with tenants. Nothing is better then working with agents you can trust and who can take away some of the burdens of being a landlord .

Check all appliances As a landlord, you’re responsible for any white goods in the property, such as the washing machine, refrigerator and freezer, so it’s important to make sure they’re all in good working order prior to a tenancy starting. TOP TIP: Set an annual calendar reminder for things like a boiler service, smoke alarm check, carbon monoxide monitor check and so on. These are legal duties, so get on top of them. Do your numbers Despite the rental market being on the up, it’s important to know how much you’re getting every month. Make sure you know what your monthly mortgage payment is, how much the agent will be taking, and costs such as service charges, boiler service plans, insurance payments and so on. This makes your end-of-year tax responsibility easier and helps you in the event of any financial emergencies. Pay for a professional clean At the very start of your landlord journey, pay for a professional clean, then ensure your tenancy agreement states that the property must be professionally cleaned at the end of the rental period. You might think this is an unnecessary expense, but it means the tenant is obliged to leave the property spotless – just like they found it. If you’re looking for a letting agent, JC Property is ready to help. Contact us today: 01724487297 info@jc-property.co.uk

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