Landlord Tips Category

Social media is a very important medium for marketing purposes. Whether you run a holiday let business or you rent to long-term tenants, social networking can help you connect with tenants.

Conducting property inspections is an essential part of being a responsible and savvy landlord. Not only are you obliged to carry out repairs as and when they are needed but leaving a tenant to his or her own devices for umpteen years is a recipe for disaster. For one thing, they might not be taking good care of your investment, and for another, they could have illegally sub-let it to a bunch of strangers. However, even though you own the property, you don’t have an automatic right of access, except in a few specific circumstances.

Tenant referencing is a critical part of finding a new tenant. It can sometimes be a pain contacting a former landlord, but if you skip this stage, you might end up with the tenant from Hell. By speaking to a tenant’s previous landlord, you can verify a number of things.

Property auctions are not for the faint of heart, as fans of Homes Under the Hammer will know. Bid on the wrong property and there is no going back. Once the gavel slams down, that property is yours, for better or worse. Unlike a regular purchase, you can’t back out of the sale, even if you belatedly discover it has Japanese knotweed flourishing in the back garden.

It’s a difficult time for landlords right now.  The private rental sector has taken one too many knocks recently with legislation and tax changes, Brexit uncertainty, not forgetting the challenging Covid 19 epidemic. So, what should be a landlords’ current investment strategy?

Here we’ll look at a range of investment strategies that will help private landlords maximise their return on investment during tough times.