Tenants move out for all manner of reasons, whether they’re getting married, needing more space, relocating, or going their separate ways.
But before rushing to replace them for a same-day changeover, it’s worth stepping back to see if your rental has unlocked potential.
A brilliant letting agent or property manager can have a profoundly positive impact on your life as a landlord, from enjoyment to profit to spare time, but how do you find the perfect one?
Maybe you’d check the neighbourhood for Let By boards, scour the portals for agents with rental homes in area, or run a Google search for local firms.
Is there anything trickier than a rent review with a tenant you want to keep? It’s little wonder so many landlords leave things as they are, no matter how far behind the market their income falls.
Eventually, though, an underperforming property can cause the landlord to sell up, resulting in a tenant losing their home and less available housing.
When opportunity knocks, it’s not always clear whether to say yes or no, particularly when it’s unexpected or means changing your plans.
Selling to your tenant could be one of those times, and even if you’re planning to be a landlord for life, it doesn’t mean you’ll never change your management style or the properties you own.
Just like a friend you haven’t seen for a long time, your rental property will look older when you get it back at the end of a tenancy, and the difference can be jarring if you haven’t visited for a while.
Regardless of whether they’re owned or rented, all homes age, but when you see yours all the time, it’s easy to miss and live with the gradual wear and tear that’s part of daily life.
Hardly any landlords we meet are fully legally compliant when we first speak to them, but it’s never on purpose. In fact, most of them genuinely believe they’ve got everything handled.
Unfortunately, this often means that problems are already brewing by the time they contact us, and some of the biggest areas where landlords come unstuck include:
There’s no denying that landlords faced a pretty challenging 2023. In particular, many of those who were highly leveraged decided to simply sell up, but did they act too soon?
Their departure has left a large hole of opportunity for existing investors and newcomers to fill, with the chronic shortage of homes and massive demand in your area pushing rents to ever-new heights.
Did you know that most people break their New Year’s resolutions within a month?
It’s hardly surprising given that most are based around health & fitness, which means heading to the gym at the crack of dawn during the coldest and darkest time of year – hardly a recipe for success!
To be a landlord is to be an entrepreneur, and to be an entrepreneur is to never really shut off.
But we all need a break sometimes, and if you’ve been juggling work, your rental property, and looking after a family, now is the moment to take a breather.
The weather has turned, and winter is on the way, bringing with it a chilling collection of potential problems at your rental property.
In many ways, rental homes are more at risk when they’re occupied in winter because the daily lives and concerns of tenants can sometimes be at odds with the interests of landlords.
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c/o 9 Mitchell Street,
Leven,
KY8 4HJ
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Cupar
KY15 4LG
9 Mitchell Street,
Leven,
KY8 4HJ
c/o 9 Mitchell Street,
Leven,
KY8 4HJ
c/o Bitwise Group
Crescent House, Carnegie Campus
Dunfermline KY11 8GR
c/o 97 Bonnygate,
Cupar,
KY15 4LG
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