We love our little chats… Seriously, the dialogue we have with all our owners is hugely valuable for us, but we knew we needed to cast the net wider. A common comment from owners in our last survey was that we should also survey tenants to find out what they wanted, and what they were feeling about things, too!
Making the move to expand your investment portfolio and lease a property can be a daunting decision – sometimes it feels like venturing into the unknown. Before making the commitment and accepting your first tenants, it’s a good idea to get an understanding of what being a landlord is really like.
It’s good practice to, once a year, review the performance of your investment portfolio in order to keep track of how your investment goes beyond the initial cost of purchase. Part of this complete picture is understanding and planning your ongoing expenses. Forecasting in this way ensures you don’t find yourself under unexpected financial pressure anytime in the future.
Property ownership is wonderful, but it comes with a level of responsibility. For starters, you have a responsibility to your tenants to ensure their home is safe, healthy and comfortable to live in. New laws came into place in July 2019 that introduced minimum standards for the heating, ventilation, insulation, moisture ingress, drainage and draught stopping of rental homes. But don’t fret – we’ve got you covered.