15 Simple Things You Can Do to Be a Successful Landlord

Over the past 25 years that I have been involved with property in the Ealing area - dealing with sales, letting's and property management. During that time I have come across a number of landlords who, through either ignorance, stupidity or they just don't care, end up making wrong or foolish decisions when dealing with their tenants.  Unortunately, this has resulted in costing both landlord and tenant dearly both financially and emotionally.

Difficult issues or misunderstandings involving their tenants that initially could have been nipped in the bud at the outset turn into a situation that escalates out of control and finishes up in the County Court.

This will inevitably prove stressful to both landlord and tenant and furthermore very expensive for the Landlord who may well face not only loss of rent but legal fees too.

My advice to any landlord whether a new landlord or a landlord with experience is to follow some simple rules and guidelines before entering into a new tenancy agreement.

 

 

Legal requirements

 

  1. EPC (energy performance certificate)
  2. PAT (portable appliance test)
  3. Gas safety certificate (If gas is supplied to the property)
  4. Smoke alarms
  5. Carbon monoxide detector (recommended)

 

 

 

Check health and safety

 

  1. Trip hazards both inside the property and externally
  2. Check the security of the property such as door and window locks
  3. Have the property professionally cleaned before the tenants move in
  4. Engage an inventory company to prepare a detailed inventory of your property and to check the tenants in
  5. Register the tenants deposit and ensure correct documents are available to the tenants
  6. Have any prospective new tenants fully referenced and this must include “The Right to Rent”
  7. Leave a welcome pack for your new tenants and I think this should include instruction manuals for all appliances
  8. Emergency telephone numbers
  9. Your contact details or the details of who they should contact as your representative (managing Agent)
  10. A small gift i.e. A bottle of wine, chocolates or flowers or a jar of coffee, a small bottle of milk and tea

By just following these steps, you can send out a positive message to your new tenants, telling them that you are a good landlord and set their minds or concerns at rest and assure that the tenancy gets off to a good start.

 

 

Author: John Bishop