The Five ‘Rs’ of Making the Most of Your Property Portfolio
Responsibilities
As a landlord, it’s important to understand your legal and ethical responsibilities.
Treat your tenants well, and they’re more likely to treat your property with respect.
Role
Your role is to ensure your property is safe and in good condition, but that doesn’t mean you have to do everything yourself.
A good letting agent can help you put together a team of trusted professionals and tradespeople.
Rent
The key to a successful tenancy is to set the rent at the right price; this means finding the sweet spot between making a good return and securing a reliable tenant who stays long term.
Repairs
Don’t skimp when it comes to repairs and maintenance. The longer you take to fix a small problem, the greater the risk that it turns into a major one.
Review
Even when things are going well, take time to review your situation. Are you paying too much for insurance? Are you still on the best mortgage deal?
To find out about our property management services, contact us today.
