Property Management
As 2022 is approaching, it is the perfect time for London landlords to reflect and consider strategies to refresh and improve their approaches when it comes to managing their rental properties. Here are the 5 tips to help landlords get ready for 2022.
Review lease terms
A landlord’s lease agreement is the cornerstone of the entire rental operation. It is the legal agreement between the landlord and the tenant and should clearly state the rules, expectations, and procedures required for both parties within the duration of the lease term. Therefore, it is important for landlords to make it a priority just in case improvements are needed.
Take some time to read thoroughly the lease agreements and identify areas that you may need to revise, add, or take out completely. By reflecting on some headaches, you had with your tenants or things that you wish you had made more straightforward, the end of the year is an ideal time to review the lease terms. And in this way, when you have new tenants in 2022 you and your tenant will benefit from the updated lease agreement.
Property maintenance
It is always a good idea to do a full inspection of the property and resolve small issues before it gets big. By doing this, it will save you money and time.
Creating a schedule to check everything including plumbing, locks, small detectors, gas, heater, and appliances. By doing the inspection and making necessary repairs, it will your tenants that you care and put the effort in maintaining the property where they live in.
Plan your 2022 Marketing Strategy for your rental properties
It is time to reflect if your ads and outreach have not worked for you in the past, and maybe it’s time for you to investigate different ways.
Landlords should have a target audience and should know how they are going to reach this prospective audience. Placing a for rent sign these days are not enough. You should utilize social media as well.
Get Updated with the Current Laws
It is extremely important for a landlord to be updated with the current laws in the UK or in London. The landlord and tenant laws are always changing, so it is important to be always up to date. You can visit the government websites to review the current laws in London. You can find there all the obligations of a landlord, definition of terms, and procedures in handling various situations when it comes to tenancy.
Partner with Local Property Manager
If you are ready to expand your rental business or tired of juggling everything, you may want to consider partnering with a local property manager. A professional London property management company can handle everything for you from advertising to property maintenance and collecting rent. This allows you to have a lot more time for other things.
BLUESTONE PROPERTIES
Our team is focused on providing outstanding service and ensuring that our clients have all of their needs met.
We are a property management and letting agency in south west London. We provide services in south London and surrounding areas. Get it touch with us if you need more information or want to set up an appointment.
