Tips For Landlords
Nowadays, running a property for rent is a common business for many people. Because of the globalisation many people need to travel – either on holidays, business or to complete their studies. Many people are looking for a better life and go to work abroad. They usually rent a room, a flat or a house. London is a cosmopolitan city. The demand for renting properties is big. Owners who have several properties for rent need to deal with tasks like cleaning, fixing the damages when the tenants leave, paying the bills for water and electricity and so on. All these activities are quite boring. But there are many professional companies offering services, which suit perfectly the landlords’ needs. They can clean the property from top to bottom, fix any damages, and assist you in many different ways so as to maintain you property at its best. Other companies offer a variety of managing services.
In order to preclude any difficulties and troubles that are likely to occur we offer several important tips for landlords:
• to avoid insolvent tenants, landlords should check their credit history;
• to secure their property, landlords should use rental agreement in a written form;
• to meet the risk of unpaid bills, landlords should require initial deposit;
• to pay eventual expenses for damages, the security deposit would also turn out handy;
• to get good money for their property, landlords should make sure that everything is in order and operating, clean and free of any damage.
Last, but extremely important need is to make a property inventory. This is a written list of all the things in the property that could be used by the tenants and detailed description of the floors, ceilings, furniture, walls, etc. Never rely on people’s memory concerning the state of the property at the beginning of the tenancy. Don’t expect that you will provide accommodation only to reliable and responsible individuals. Landlords could make the inventory on their own, or use the services provided by a London inventory company. Whatever the personal choice the need of inventory report is indisputable. A certified written property inventory could save much time and troubles to landlords.