Being a landlord is challenging, but it is far from an impossible mission. The level of demand for rental property is such that it is easy to see why many people are enticed by the role. However, as a landlord, you have a lot of regulations to comply with. You must also ensure the rental property is in good condition, and you need to provide tenants with a dependable level of service.
It isn’t easy to be a landlord, but help is available. At Andrew Lees, we are pleased to say we have assisted many local landlords. We provide a range of services which ensure you manage your rental property with confidence.
We are often asked is there any advice you would offer landlords, and we say yes. We have considerable experience in the industry, and if you want to improve your knowledge of the sector, or you would like to provide tenants with a better standard of service, we have advice landlords need to know.
It is best to develop a working relationship with your tenant
You don’t need to become friends with your tenant, but you should be able to work alongside them to create the best outcome for all parties. Many landlords enter the industry believing tenants are their enemy, and this holds them back.
Take the time to get to know your tenant, ask them questions, and try to make them feel valued. Creating a relationship can help your tenant feel at home, and this may lead to them staying in your rental property for longer.
Be prepared for a lot of work
This may not be what many landlords want to hear, but being a landlord is tough. It is likely you will be on call around the clock. You will also face a lot of requests from tenants. If you aren’t in a position where you can meet the expectations of your tenant, you may struggle to cope with the challenges of being a landlord.
Expect problems to arise
While it would be lovely if there were no problems for a landlord to contend with, this is unrealistic. Landlords should plan and prepare for problems arising, and for tenants having issues. Ideally, you should also place money aside to help you manage these problems when they arise. Failing to do so can cause greater problems at a later date.
Of course, if you want to generate rental income but would prefer to get help in managing tenants, rely on Andrew Lees. We are pleased to offer a range of property management services which ensure you provide tenants with a fantastic level of service, all year round. There is a lot of pressure that landlords must deal with, but with our support, being a landlord becomes much more manageable.
If you are a landlord looking to minimise your obligations without diminishing the quality of service you provide to tenants, contact Andrew Lees today, and we will be more than happy to assist you.