Landlords
If you own rental properties in London, it is important to maintain a good landlord-tenant relationship. One way to do this is to hire a good property management company in London to handler the upkeep.
Below are the 5 maintenance tips for your rental properties to keep your rental property protected and keep your tenants happy.
Landlord Maintenance Tip #1 – BE READY
When you are a landlord, sooner or later you will have to spend money to maintain your properties. It is important that you have money for contingencies.
Exactly how much you spend on the property depends on the current condition and age of the property. Ensure to have reserve intended for repairs.
Landlord Maintenance Tip #2 – KNOW AND UNDERSTAND THE LAWS
As a landlord, you should be aware of the building regulations and the landlord and tenancy laws that govern the property.
It is important that you know and understand the laws that affect your rental property. You have to know your rights and responsibilities as a landlord. If you are unfamiliar, you will have to do some research online about the laws in London. If you don’t do your responsibilities as a landlord, some penalties are incurred.
Moreover, the laws are changing so it is important to be always updated with the new laws.
Landlord Maintenance Tip #3 – WATCH FOR WATER LEAKS AND DAMAGE
Your investment property might suffer major damage due to water leaks. Water leaks can sometimes damage the carpet, the ceiling of the flat, the walls, and even the plasters that might fall off.
It is important to identify the problem right away so that it can be stopped as soon as possible to prevent further damages to the property such as mould problems.
A typical time to experience leaks in a house in London is after heavy rain. And in other occasions when the ice or snow melts, and in the hot humid days when the pipes may sweat.
It is also worth having a vendor check the water and heating system of your rental property on a regular basis. This will help you keep ahead of avoidable problems.
Landlord Maintenance Tip #4 –TENANT TURNOVER
When the tenant leaves, you have to spend money on basic and important maintenance, cleaning, and repairs. Make sure that your property is still in good shape.
Landlord Maintenance Tip #5 – KEEP YOUR TENANTS HAPPY
It is important to keep your tenants happy with the property. Thus, addressing their request and complaints as quickly as possible is important.
Happy tenants tend to renew their leases. In this way, you will be able to reduce your turnover expenses by keeping good tenants longer. Moreover, if you have a good tenant, you will be able to avoid the uncertainty that the new tenant will bring.
BLUESTONE PROPERTIES
At Bluestone Properties, we believe that landlords deserve to be treated with respect. We're a property management company and letting agency in south west london that helps landlords by taking care of their properties for them, so they don't have to worry about it anymore.
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