ACCIDENTAL LANDLORD? All You Need To Know To Make It a Success
Not everyone sets out to be a landlord, and becoming an accidental one is more common than you might think.
An accidental landlord is someone who becomes a landlord by circumstance rather than by plan, and it can happen for several reasons. You could be relocating for work, moving in with your partner, or having trouble finding a buyer for your current home. Or you might have inherited a property.
Whether you’ve been a landlord for years or you’re just starting out, finding a letting agent you can trust and build a long-lasting relationship with is a big deal.
Renting out your property is about so much more than just money and business. As well as wanting an agent who can find you the perfect tenant, you’re sure to have feelings around confidence, connection and communication. None of these are financial concerns, but our experience tells us how prized they are by all of our landlord clients.
The rental market has grown up. Tenancies are running for longer, and with stays of four or more years increasingly common, tenants have higher expectations around the place they’re willing to call home.
Do you think it’s impossible to be popular AND profitable as a landlord? Perhaps you feel that one cancels out the other; that it’s a choice between hard-nosed business and being nice, but that the two are fundamentally incompatible?
There are some interesting parallels between landlords and Santa Claus. For a start, you’re often making a list and checking it twice, only yours is full of to-dos for repairs and maintenance at your rental property. Then there’s deciding if your tenants have been naughty or nice, and whether they look after your property and pay the rent on time. Continue reading SEASON’S LETTINGS: YOUR LANDLORD CHRISTMAS CHECKLIST (4 min read)