People become a landlord for a number of reasons. Maybe you’ve bought a property that a family member will be staying in while they’re studying, or perhaps you’re moving away and want to rent out your home to supplement your income. Whatever your reasons for becoming a landlord, Glenham Property can offer a flexible and personalised management service that will help you get the most out of your property and your investment. We’ve compiled some useful information and some things to think about before you start your land-lording journey.
One of your first big decisions will be whether or not you let your property furnished or unfurnished. Furnished homes tend to let quicker as there is greater demand, but there is also greater supply. A percentage of the cost of the furnishings can be deduced from your tax liability as well. Opting for unfurnished can save money as you don’t need to worry about the wear and tear plus you’re not responsible for insuring the tenant’s goods. Both options have their pros and cons.
Getting your property adequately prepared is essential to a happy tenancy for both tenant and landlord. It should be clean, tidy, and decorated in neutral colours to appeal to as many people as possible. It’s also a good idea to have hard-wearing counter tops and floors – this will save you money in the long run! You also need to ensure that your white goods are functional and safe and that the kitchen and bathroom facilities are hygienic. Don’t forget that there is a legal requirement for all rental properties to comply with specific safety guidelines; we can help make sure yours is fully compliant.
Unfortunately, becoming a landlord isn’t as easy as buying a house and waiting for the tenants to come to you! We can help you find the most suitable tenants and make sure that you have peace of mind. We advertise on the largest property portals to reach the widest possible audience and we have a thorough tenant screening process to ensure only the best tenants are successful.
Throughout the process of becoming a landlord it is essential to know your rights. We can help make sure you are compliant with all the relevant regulations and we’ll conduct regular inspections to ensure everything is being maintained to the highest standards.
Our goal is to make becoming a landlord easy, stress-free and profitable for our clients. Our flexible and personalised service is designed to make sure the stress is taken out of being a landlord so that you can get on with your life.
Whether you’re looking simply to let a property and manage it yourself, or for a full property management service, we’re here to help. You can download our free landlord guide here. If you would like to discuss what kind of package would work best for you please do not hesitate to contact us.