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Top property care tips for landlords

Created: 15/08/2017

Door key

The idea of buying a run-down old property (or several), doing them up to a habitable state, and then sitting back and watching the proceeds of your tenants’ rent payments roll in is surely something that has crossed many of our minds at some point.

On the face of it, renting out a home at the market rate seems like such a simple way to make money. However, speak to the vast majority of landlords and you will quickly discover that there is far more to it than may first meet the eye.

As well as having to meet a plethora of building and other legal regulations, attempting to find suitable tenants who will respect your property (much easier said than done), and keeping track of an inordinate amount of financial admin, there is also the question of how you should prepare and maintain the place you will be renting out.

Whilst our top quality South East London handyman service providers will be able to do whatever you need to get your property up to the required standard – from electrical and plumbing work to decorating and even cleaning – only you can make the call about what has to be done.

With this in mind, we spoke to “The Landlord”, who runs Property Investment Project (the UK’s biggest landlord blog) about what he thinks your top priorities should be when it comes to preparing a house or flat for new tenants. The Landlord has been providing guidance to fellow property owners for many years and now has more than 45,000 subscribers to his name, so we are pretty confident his advice is worth listening to!

Advice from “The Landlord”

“Two things scream at me, and they're based on two common mistakes mostly made by novice landlords.

1) Only provide the essentials

 

Empty room

“Firstly, strip the property from any appliances, fittings and furnishing that is not expected to come with the property.

“For some reason we think it's easier to leave unwanted items (i.e. items the previous tenants left behind) for our new tenants to enjoy. We'd like our tenants to believe we're being generous, but of course, it's usually only about saving ourselves from the hassle of disposing the items.

“That can be an expensive mistake, because as soon as you start leaving items behind, you typically become responsible for restocking and/or repairing them.

“The rule of thumb is not to provide more than what is absolutely necessary and agreed upon. Get rid of everything else.

2) Avoid ‘the magnolia trap’!

 

Paint brush and tin

“My second word of caution is to sway landlords away from 'the magnolia trap'. While it's almost instinctive to make every room light and airy with a magnolia colour palette, believe me when I say it's a false economy.

“You'll find yourself repainting the walls and replacing grubby carpets between each tenancy, which will quickly become an expensive past-time. My advice is to focus on sensible mid-tones, which can still be appealing, but also, crucially more durable.”

We hope you found the Landlord’s advice helpful, and that nothing we have said puts you off embarking upon a career renting out property. Choosing this path can indeed prove to be a very worthwhile decision, and is full of rewards for those who approach it with a realistic attitude. Being a successful landlord does take a great deal of time and effort but, really, what in life that’s worth doing doesn’t?

If you need any help with preparing your property for your next tenants – however big or small the job may be – don’t hesitate to get in touch with the team at Handywork Solutions.

Image Credits: Sky Eckstrom, Wisley, Alan Cleaver



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