Top 10 things Landlords can do in 2021

The New Year is upon us and to earmark our first blog of the year we thought we would address top 10 things you can do as a landlord to make 2021 a year to remember for all the right reasons. It's tough out there with everything going on in the world around us so here is a gentle nudge to point you in the right direction as a landlord!!

1. Review your buy to let mortgages.

Great deals are continually coming to the market. Don’t miss out on significant savings and low interest rates.

2. Take stock of your insurance arrangements.

Do you have the right amount of cover across the correct areas?

3. Budget for the unexpected.

Always have a financial buffer in place to protect you just in case you experience voids or repairs.

4. Remember the old saying ‘A stitch in time saves nine’?

Well, it also applies to your property’s maintenance. Keeping on top of issues and maintaining the condition of the home regularly pays dividends over time. Do you carry out property inspections regularly? Although tenants report the obvious maintenance issues such as the boiler breaking down or the tap dripping. They do not always see what lurks behind the scenes.

 
5. Start as you mean to go on.

A nice touch is to provide new tenants with a home warming gift.

6. Long term tenant(s)

When renewing a tenancy for a long term tenant show how you appreciate them by not always raising the rent.

7. Choose your letting agent with care.

Look for a good track record and ask to speak with some landlords they currently work with. Google reviews are a good indicator of the value customers are placing on the agency in question.

8. Stay legal.

A good letting agent will help you stay the right side of the reams of regulations, red tape and lettings laws.

9. Be aware that the DIY approach to lettings comes at a cost.

We are happy to provide a let only service, but the value our fully managed option gives our landlords is more than just a monetary one. We can take the hassle and stress out of being a landlord by doing everything for you.

10.Call us!!

And we can help you with all the previous nine steps. We’ll put you on the path to rental property prosperity.

We’d like to wish all our Wandsworth & surrounding SW London area landlords a happy, healthy and safe 2021. Here’s to better times ahead!!