If you are looking for support and guidance when it comes to letting your property, contact Addison Giles and we will be more than happy to help.
Accidental landlords must prepare their property
No matter the reason you are now letting your property, you must be as professional as you can. You may not have the time to devote to preparing your home in the way that a full-time landlord can, but it is important that you prepare and present your home in a professional and targeted manner.
You will have a few things to consider, including whether it is better to let the property furnished or unfurnished and who your most likely tenant will be. There is no universal answer to this problem and the answer that is right for you may not be suitable for another landlord.
If you are looking for guidance on who your most likely tenant is and how you can best reach them, contact Addison Giles and we will do everything we can to assist you in letting your property.
Carry out research on your local area
If you want to make the best decision for your property, you need to make an informed decision. There are many factors that influence the demand and interest for your home and the condition of your home is only one factor.
How your home compares to other local homes is another crucial factor. Many landlords take the average rental fee for the area as a starting point in letting their home. However, if your home is in better condition and area than most homes in your area, you will be under-pricing your property by opting for the average price.
Any research you can do before you let your home will help you make a better decision that will hopefully let your home in an effective manner.
Be aware of your responsibilities as a landlord
As a landlord, you have a range of responsibilities, and it is important that you comply with these. If you are a new or accidental landlord, you still need to know what is expected of you. Therefore, it is vital that you speak with an expert who can provide you with the most up to date information.
While many people will look online, there is no guarantee that the information you read online will be valid and up to date. Don’t leave yourself at risk of not complying with the most relevant regulations and if you require assistance in this matter, we are here to help.
Make sure you have sufficient insurance in place
Landlord insurance is very different from building insurance or content insurance. Don’t assume that the insurance you have in place on the property will cover you as a landlord because it likely won’t. Having insufficient cover in place can cause serious problems for a landlord, so make sure you review this matter and upgrade if you have to.
Being an accidental landlord can be difficult but with our help, it becomes easier. Therefore, contact Addison Giles and we will do our best to assist you.