Most landlords know that it is that time of year again. Yes, the lettings calendar typically follows the academic calendar and September is fast approaching.
For landlords who own and manage multiple properties which either have recently become vacant or will become vacant, it is paramount that we onboard new tenants as well as possible.
First impressions count and if your relationship can set off on the right footing, landlords can see a 27% reduction in complaints and escalation of small issues to an ombudsman.
Because we speak with more property management companies, landlords and estate agents than anyone else, we have a unique perspective.
We understand the worries and anxieties of people involved in the property industry and therefore we wanted to put together a list that could help:
Brought to you by allservices4u here are seven tips for landlords who want to get ‘move in season’ done right:
1. Treat your new tenants right
As landlords, we hate dealing with difficult and unresponsive tenants. At the same time as this, tenants hate and do not want to deal with unresponsive landlords. It is key to make sure that your tenants feel great about you and your property when they move in.
2. Hire A maintenance firm that understands tenants and how to represent you
If you have lingering worries about your margins, working with an all in one maintenance service that works on a flat subscription rate, can ease those anxieties.
Most maintenance firms are not run by Landlords or people who work in the property industry and know how to serve your unique needs. This is what makes allservices4u different. Our service was created by and is run by property people, so we understand the intricacies of managing tenants and helping you to get your maintenance done, on time and for the best price possible.
3. Follow the (changing!) laws
Most landlords stay in touch with the laws, but they change so quickly and are often left to interpretation, this makes it difficult.
Following the local and national laws can save you serious cash. Even experienced landlords can face expensive lawsuits as a result of accidentally falling foul of the law.
Just like an estate agent, we keep abreast of the law for you as a means of defending and protecting you.
4. Get good landlord insurance
Insurance is critical for any landlord, however, if you have dealt with insurance firms in the past, you may be aware that receiving payouts is not an easy or short process.
That is why it is becoming more and more important to anticipate, rather than waiting for a problem to occur.
With a solid all in one maintenance plan in place, you can rest assured knowing that your call outs are all included for one low flat fee. This means there is less worry, or hesitancy to action works when requested.
5. Do regular maintenance
For landlords, maintenance and repairs are a critical factor as to whether a tenancy goes well or not and a cog of rental ownership. However, regular maintenance not only keeps tenants happy, which aids in tenant retention, but it also protects your valuable investment. In fact, regular preventative maintenance goes a long way to reduce the chance of experiencing more costly problems. So, here are a few things you should do as part of your maintenance routine.
● Annual gas safety check
● Check for water leaks or faulty pipes
● Schedule regular checks to ensure electrics are in good order
● If you have a high turnover of tenants, locks and security upgrades are very important. The latest in smart security measures can make sure that your security spend is lowered.
Depending on your property’s features, you may need to perform other regular maintenance tasks. So, use your best judgment and coordinate with your tenants to complete maintenance with as little interruption for them as possible. Better yet, work with a Maintenance service that gets property law as well as any estate agent.
As part of move in season, make sure that you do not pay for a Gas Safety certificate until you have reviewed the Total Asset Protection Plan.
Rather than paying for Gas Safety/CP12, you can have it done free of charge! As well as getting your maintenance call outs covered as part of a 12-month plan.
Total Asset Protection (TAP) takes it a step further and goes further than just your boiler plan. TAP now means that your Boiler is not only covered, you are now covered for your electrics, locks and many other disciplines.
You pay a monthly fee, which covers all of your maintenance for your assets. Given all of the changes and that all Landlords are now treated as service providers, your life is about to change. You can now have your reactive maintenance needs covered. This means that you won’t have to take panicked calls from your tenants anymore or have tough conversations.
Let the maintenance professionals take care of the conversation and serve as the middle person between you and your tenants.
If you would like to learn more about how this works and how we are able to bring down Landlords maintenance spend (depending on your number of units), please email email@example.com and make your subject TAP LAUNCH OFFER. If you do this we will send a voucher code for 10% which will bring down your total maintenance costs; again!
Again. Do Not Pay for a Gas Safety/CP12 until you have spoken to one of our specialists!
We will call you and help you get started with the joining process. It is really easy, you will be happy with the costs and all works are guaranteed. This will give you even more satisfaction and more of a mental moat against the stresses that naturally come with being a London landlord.