It is expected that next year approximately 100,000 people will become landlords, making the rental market even more competitive. This is good for renters, but bad for landlords. Why? With more properties to choose from renters have it good, but it means landlords may have to lower their expectations and standards of renters in order [...]
Pets – you either love them or loathe them. As a property manager you must keep an open mind about allowing pet owners renting from you.
Over half the renting population are pet owners, so don’t make a rash decision and deny pets from your property, as you could be reducing the number of potential renters [...]
Property damage – it’s costly, and responsibility for it can be a grey area especially after the incident has occurred.
When drafting up your agreements with tenants, be aware to build in clauses that clarify whose responsibility it is to repair broken or damaged items – ranging from the smallest utensil to the roof on the [...]
An empty property is going to be costing you money, and getting tenants in to provide a regular rental income from is essential. But a word of warning – make sure you get the right tenant for your property or you could suffer financially further down the line.
Screening potential tenants should be carried out is [...]