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Demand for rooms has rocketed in recent months, coinciding with a huge shortage in the number of rooms available in the UK. Unsurprisingly this has resulted in many tenants struggling to find places to rent. In fact, a recent SpareRoom survey of over 6,000 renters found that 96% of Brits are struggling to find accommodation at the moment*. Interestingly, we saw the opposite happen last summer, with landlords desperate to fill empty rooms but tenants reluctant, or simply unable, to move.

The increase in demand has been driven by people coming into the market, rather than moving within it. According to the same poll of over 6,000 renters, many are moving back out of parents’ or friends’ houses, flatsharing after renting on their own or owning a property, and overseas students (and students in general) are starting to return to cities. This results in a lot of people looking for rooms without vacating their current property, putting pressure on the market.

SpareRoom’s research reveals exactly where these people are moving from:

–           Another Flatshare – 29% 

–           Parent’s home – 25%

–           Outside UK – 14%

–           A friend’s house/flat – 10%

–           My own rented properly (not shared with anyone else) – 6%

–           Partner’s house/flat – 5%

–           Student accommodation – 4%

–           A property I own – 1%

–           Other – 6%

Flatshare site SpareRoom surveyed over 400 landlords to find out what has caused this drop in supply**. 

59% of landlords said they have fewer rooms to fill than this time last year, and almost half (43%) of those with fewer rooms said they’d filled all their rooms and they were now tenanted. But this isn’t the only reason why landlords have less availability currently: 

• 14% aren’t expanding their portfolio due to high house prices
• 10% aren’t expanding due to uncertainty in the market
• 9% have sold one or more of their properties
• 8% can’t develop properties due to a lack of tradespeople or materials
• 6% are planning on selling up and leaving the market

We asked landlords with fewer rooms which issues were currently affecting them the most – surprisingly the pandemic wasn’t a leading factor. Please see the results below: 

• Increased legislation – 26%
• Fewer tax breaks for Buy to Let – 22%
• The threat of further legislation – 22%
• Covid affecting their lettings business – 11%
• Shortage of tradespeople – 10%
• Shortage of building materials – 5%

Matt Hutchinson, SpareRoom director comments: 

“There’s no doubt Covid hit the rental market hard. Last year it was landlords struggling to fill rooms – this year it’s tenants struggling to find them. But the pandemic isn’t what’s keeping landlords awake at night – it’s government policy.

Recent legislation and tax reform made it clear that the government wants to steer the private rented sector away from an over-reliance on smaller investors. More legislation seems inevitable. Although the Tenant Reform Bill has been put on ice until 2022, many landlords are concerned about what it will bring. What tenants want most is stricter regulations for dealing with rogue landlords, so it’s highly likely the sector will see further change in the coming months and years. Hopefully whatever the government chooses to do will target the real problem landlords and get them out of the market, making it a better place for landlords and tenants alike.”

You’re looking forward to your trip. Soon, you’ll be boarding an aircraft bound for an interesting destination! But, before you go, remember to perform the following three things:

Make Provisions for Expensive Hiccups

Perhaps your holiday Airbnb arrangements fall through and you need to get a hotel room immediately. Perhaps you’ve misplaced your luggage and need to buy some clothes and toiletries to get you through the rest of your journey. Your trip may not go as well as you would want, and you must be prepared to pay for any unexpected complications.

You should set aside a little emergency money before going on vacation to minimise financial stress. This might assist you in dealing with snafus that aren’t in your agenda.

Safeguard Your Home

If your house will be unoccupied while you are away, it will be exposed to home intruders or thieves. You don’t want to return from your lovely vacation to discover that your rooms have been ripped up and all of your things have been stolen.

What can you do to safeguard your home when you’re on holiday? Here are some actions you can take:

All of the doors and windows should be locked.

Remove any extra keys you’ve stashed outside. Burglars will check beneath the welcome mat and inside the mailbox.

While you’re gone, ask a neighbour or someone you trust to pick up the mail and water your lawn.

Keep some lights turned on. The power expenditures will be worth it for the added security.

Don’t publicise that you’ll be leaving your house vacant. Many individuals who post about their travels on social media are unaware that they are informing the world that their property would be simple to get into. This does not preclude you from sharing your good experience with your friends and family through social media. You should only write about your experience once you’ve returned home, not in real time.

If you’re very concerned, you may always ask a friend or family member to house-sit while you’re away.

Prepare for Lost Luggage

It is conceivable that you will arrive at your destination, but your baggage will not. If this occurs, you may go to the baggage claim window at the airport and notify them that your luggage are missing. They will attempt to monitor your baggage and see where they ended up. It will take some time. You may not receive your luggage back for a few days, if at all.

So, what can you do to prepare for this? Travel insurance is available via your credit card company or a travel agency for your holiday. If you permanently lose your baggage, the insurance may compensate you for the value of the luggage (up to the policy’s maximum).

You may also fill your carry-on luggage with stuff you’d need if your main suitcase were to be lost or stolen on the way to your destination. If you’re at a loss for what to bring, take a look at these items to put in your carry-on before you drive to the airport. When the rest of your stuff goes missing, you’ll be glad you packed wisely.

Missing baggage, house invasions, and unexpected bills are the last things you want to deal with while on vacation. Follow these pointers to avoid having these unpleasant discoveries mar your vacation.

Outdoor lights are an excellent method to increase personal safety and overall property protection, whether you are at home or abroad. There are several methods to outfit your house with outdoor lights, so take some time to think and plan how you want to put them up. Using energy-efficient bulbs and precisely situating each light helps you save money while providing enough lighting without turning your yard into a year-round festive show.

Stair and Walkway Guide Lights

Stairs and pathways leading up to exterior doors may be lit with nearly any kind of fixture, but it’s always a good idea to illuminate these places. String outside lights along railings, little poles indicating stairs, or simply sconces around the front of the house as these can all be used as guide lights. Illuminating the stairs is crucial for your own safety, but it is very useful for guiding guests and other persons who may not be ready to take the step down.

Fixtures for Motion Sensing

Motion sensor outside lights are a terrific method to keep undesirable visitors out of your garden without bothering your neighbours. These floodlights can be strategically placed around the home to illuminate certain areas in reaction to movement. Some are also outfitted with cameras that record for a brief period of time after detecting specific sorts of movements. These may be very useful in preventing or responding to trespassing and other illegal conduct.

Durable Fixtures for Rugged Environments

Basic light fixtures aren’t always enough, particularly if you live near the water. Because of the possibility of sand, sea, and storm exposure, marine-grade lighting should be installed to guarantee your property is well-lit when you need it the most. Similarly, if you live in a location that gets a lot of snow, consider mounting lights on poles or on the side of your house so they don’t get covered up.

Pools with Lights and Dangers

Walking about a property in the dark can cause catastrophic harm to children, animals, and even humans. Pools are a well-known hazard that can be exceedingly dangerous whether filled or empty. It’s usually a good idea to place lights near possible dangers, such as large yard decorations, ponds, or pools.

It may take some trial and error to find the appropriate balance with your outside lighting, particularly if you don’t want to illuminate the whole street. However, contemporary technology provides several options for efficiently, effectively, and unobtrusively lighting your outside space.

Technology is becoming more important for renters wanting to rent at the top end of the market. The attraction is understandable: there is technology for almost everything in the house, including integrated music systems, multi-room temperature management, and the capacity to remotely lock doors, all of which can be controlled from a tablet or phone.

These more complicated systems are often already installed in rental houses.

The following are the benefits and drawbacks of renting out a property with a complicated technological system or moving there as a renter.

PROS

CONVENIENCE

These smart home technology solutions, when utilised appropriately, can make life much simpler for both tenants and landlords. The ability to operate anything remotely, from the heating to the curtains, allows you to keep an eye on the property while you’re away and remain in charge when you return from the comfort of your own bed or sofa.

SECURITY

There are now devices that can mimic your daily activities while you’re gone, making your house seem inhabited.

FUNCTIONALITY

The usefulness and usability of these technologies are undeniably appealing.

MARKET ATTRACTION

In a market of more sophisticated tenants, a well-equipped home with smart home technology will stand out and frequently let ahead of a less technologically adept competition.

CONS

UPDATING

Instruction manuals are readily misplaced, and whoever is in charge of a property is also in charge of keeping this smart home technology up to date. Manuals can be difficult to replace as technology advances.

DIFFICULTIES IN OPERATING

Tools are only as good as their operators – too complicated smart home technology systems might be more of a problem than a solution if tenants are unable to use them. Having a three-hour training session for the tenants just so they know how to use their new home will be really unpopular and prove to be rather difficult.

MAINTENANCE

These systems often need upgrading, and upkeep can be pricey for landlords.

Technology is a wonderful tool that, when utilised wisely, can significantly improve one’s quality of life. Clearly, there is plenty to consider, but technology can only be as helpful as the tenants and landlords make it.

Landlords may be excused for being perplexed by the rules and legalities on access. The legislation makes them accountable for safety and maintenance and threatens them with severe fines if they do not comply. However, if they enter the property without authorisation, they can be sued for trespass and violating the tenant’s right to ‘quiet enjoyment.’ What does this mean?

Tenants’ Rights

Tenants have a right to ‘quiet enjoyment’ of the property under common law. This is an implicit provision, or covenant, that has been stated or inferred in English property conveyances and leases for centuries. This clause requires the landlord to allow the tenant to dwell in the property without excessive interference, that is, “without interruption of possession”.

‘Quiet enjoyment’ is a phrase that is often misused. In Jenkins v Jackson, a case from 1888, the court declared that the phrase ‘quiet’ in the covenant “does not imply undisturbed by noise.” When a tenant is in possession peacefully, it has nothing to do with loudness… ‘Peacefully and quietly’ means without interference.

In a nutshell, it means that the renter must be allowed to live in (or ‘enjoy’ in the old-fashioned sense of the term) the property without interference from the landlord or anybody acting on his behalf. This safeguards the renters’ interests.

Landlords’ Rights

Tenants, however, must allow landlords access. Both the Housing Act of 1988 and the Landlord and Tenant Act of 1985 require that every rental agreement include a condition or covenant stating that the tenant must provide reasonable access to the property for repairs to be carried out.

Landlords will, of course, want access to the property in order to do these repairs. In addition to access for repairs, the landlord has the right to inspect the property’s condition. The landlord or someone acting as the landlord’s agent may enter the property at any “reasonable time of day” but only after providing the tenant with at least 24 hours’ written notice.

Landlords should not claim any special privileges regarding how often and when a property may be accessed. Access to a leased property is difficult; for a renter, it is their private home, yet for a landlord, it is a precious asset that must be carefully managed. To make this work, some kind of agreement with the tenant is required. As a result, it’s not uncommon to hear of landlords being accused of trespassing on a leased property by disgruntled tenants.

Getting The Proper Balance

In general, there are two categories of tenants; those who give easy access to the property and appreciate having a proactive landlord who maintains the property and others who do not. The other categories stipulate that they must be present for any maintenance or inspection visits. As a landlord, you must assess the sort of renters you have and how to deal with them, as there is no perfect solution. Essentially, you must have a positive working relationship with your tenants.

Balancing tenants’ rights and landlords’ legal duties might be challenging, but it should be doable if addressed with mutual respect and practicality.

As a landlord, there are certain responsibilities that will come under your remit – you can’t simply rent out your property and wait for the money to come in. Although tenants will certainly have their own set of responsibilities, one of the benefits of renting (for the tenant) is that the landlord will deal with repairs and maintenance. 

In fact, if you’re budgeting in advance and you want to ensure you’re always going to be able to cover any repairs that need to be made to keep your property at its best and to keep your tenants happy, you’ll need to put aside around 10 percent of your rental income. You might not need to use it, but it’s far better to have it and not need it than need it and not have it. That’s all part of being a landlord. Read on to find out a little more about the kinds of maintenance and repairs that you may come across and have to deal with; the more you know, the more prepared you can be. 

Unexpected Repairs 

We’ve talked about landlords having to be prepared, putting away 10 percent of their rental income, responding quickly to requests from the tenant, but sometimes the unexpected happens, and although you might not have been waiting for these specific repairs to be needed, you’ll still have to deal with them. Some of the most common unexpected repairs will include kitchen appliances, heating and hot water, electrics, and plumbing. Essentially, anything that can happen without warning in your own home could happen without warning in your tenant’s home – be ready to spend out to get these issues fixed as soon as possible. 

Turn Costs 

Turn costs are something that you can absolutely prepare for in advance, and the longer you are a landlord, the more efficient – and cost-saving – you can be. Of course, these costs, the costs that you should expect to pay when a tenant moves out so that a new tenant can move in, will depend on how well the property was treated, but overall it’s wise to budget for new carpets (especially if the tenant was living there for over three years), changing the locks, and generally tidying the property up with a lick of paint. 

Damages 

The idea of a landlord having to pay for damages can be a controversial one. When a tenant leaves a property, some level of general wear and tear is allowed; after all, it’s hard to live anywhere and not make some mark on it in some way. Damages are anything that goes over and above this ‘fair wear and tear’ and could include holes left in walls, damages caused by pets, broken appliances, and so on. Although these damages are what a tenant’s deposit is for, and often the costs can be taken out of this deposit, sometimes there isn’t enough cash available, and sometimes it can be hard to get a decision from the authorities. In the meantime, you the landlord will have to pay out if you want the repairs to take place. 

General Maintenance For Building Code 

All properties have to be maintained up to a minimum building code that ensures they are safe places to live. Since a landlord has a duty of care towards their tenants, any maintenance issues that need to be carried out to ensure that this building code is adhered to must be dealt with quickly. This might include updating the electrics and making sure the heating and hot water are adequate. 

One of the biggest issues that comes with getting a divorce is what to do with the marital home. Sometimes one of the couple is able to keep it, but more often than not, due to either financial considerations or because no one wants to live there anymore, it’s best to sell it. That way, both parties can have a fresh start; it’s easier to do that with the money from the sale to help you, and the fact that you’re not immersed in old memories.

With that in mind, if you’re looking at how to sell your property after a divorce, we’ve got some helpful advice for you. Of course, each divorce is different, and how you go about things will differ too, but this will give you some idea about how to handle the sale. Read on to find out more.

Talk To Your Divorce Lawyer

The first thing to do when you want to put your marital property up for sale is to speak with your divorce lawyer. They will be able to help you determine when the right time to sell it – you may have to wait until the divorce is finalized, for example.

Since it is often the case that the proceeds from the sale will need to be split between spouses, coming to an agreement before any sale takes place is also a good idea. It will make the process much quicker and less problematic. Again, your divorce lawyer will be able to liaise with your ex-spouse’s lawyer if need be.

Make Some Improvements

Once you decide that you need or want to sell the house, you’ll want the process to happen quickly, allowing you both to move on with your lives as soon as possible. Having the property sitting on the market for months is disheartening, and could cause financial issues too – after all, at least one of you will be living elsewhere, and paying a mortgage as well as rent is difficult for most people, as is paying the entire mortgage when you were once paying half, or less.

Therefore, it’s wise to make some improvements to the property before you put it on the market to sell. The better the property looks, the sooner it will sell (and you might even get a little more money for it). Sometimes a fresh coat of paint, hiring a carpet cleaner, and tidying the yard is enough to make the difference.

Find A Good Real Estate Agent

To sell your old home quickly, it’s a good idea to find a great estate agent who can manage the process for you. You’ll have enough to think about without also having to deal with progressing the house sale or even showing prospective buyers around.

The agent will also be able to negotiate the best price for you, which will be helpful. If you give them the full details of why you’re selling, they will be able to find the best buyers and ensure you get a fair deal.

Having plants in your home is something that you should certainly consider; they add a lovely touch of colour to your rooms, plus they produce oxygen, which makes you more alert, more productive, and you’ll generally feel better. Yet whilst some people seem to have been born with green thumbs, others tend to only be able to kill off the plants in their home rather than keep them alive and thriving. If the latter sounds like you, here are some great tips on how to keep your house plants living.

Watering

Plants need to be watered, especially if they are kept inside and there is no chance that a shower of rain is going to fall on them. This is a basic fact, but something that many people do tend to forget as they go around their busy lives. The plants can become rather neglected, and although this won’t generally have happened on purpose, the problem is still there. If you do keep forgetting to water your house plants and this is the reason they keep dying, then it’s a good idea to write a reminder on your calendar, or set a reminder on your smartphones, for example. After a little while, you won’t need the reminder anymore as watering your house plants will have become part of your daily routine.

Of course, over-watering is just as bad for your plants as forgetting to water them entirely. Too much water can effectively drown the plant, which won’t allow it to grow healthily at all and the roots can rot in the water that sits at the bottom of their container. It’s a good idea to gently touch the soil in the plant’s pot before watering – if it feels slightly dry to the touch, it’s time for watering.

Another important tip to remember is to only ever use water for your plants, and no leftover drinks such as tea and coffee. The additives in these drinks can harm the plants, and they can also attract small flies which are annoying and can eat away at the leaves.

Drainage

When the watering is done, you should tip away any unused water (wait for about half an hour to be sure) because plants don’t like to sit in old water for too long. Ideally, your pots should have a good drainage system, and pebbles can be ideal for this. Line the bottom of your pot with a layer of pebbles and that will keep the water away from the roots – they will be able to drink it, but not be resting in it. Make sure that whatever pot you use has holes in the bottom of it for the excess water to seep out. You can collect this in a saucer or container and then discard it.

Lighting

The lighting in your home, natural or unnatural, might be having a negative effect on your plants. Some plants need to be kept in direct sunlight, or even do better on a patio rather than inside. Others prefer more shady spots, so they should be in a darker area of your home. It will all depend on the type of plant you have chosen, which is why it is best to do your research before heading out to the store to get one. If you have a specific place in your home that will work best for your plant, then over the course of a few days make a note of where the sun is and how warm it gets. Then you’ll know just what type of plant to get. At the store, read the labels to get as much information as possible.

Smoking

Just as second-hand smoke can affect your friends and family, it can also have a negative effect on the health of the plants in your home. Smoke causes plants’ leaves to fall and causes a condition known as epinasty (a curvature of the leaves). Plus there are plenty of air pollutants found in cigarette smoke including sulphur dioxide and nitrogen oxide, and these can kill plants quickly.

If you want to keep your plants alive, then it’s best to smoke far away from them or give up entirely (which is better for your overall health as well).

Stability

Plants don’t like to be moved around a lot; once you have selected a good spot for them, that’s really where they should stay if you want them to be as healthy as possible. Unlike pieces of furniture that can be moved around in any way you want, plants are living things, and moving them can cause them distress, which will make their leaves wilt and drop, or they may not grow properly anymore. In extreme cases, it can kill them.

Try your best to leave your plant exactly where you initially placed it. If you do have to move it then do so gently and gradually.

Humidity

Watering a plant is hugely important, as we’ve already mentioned, but that water will only really be used by the roots. In order to make the whole plant a healthy one, you need to use humidity. Spraying the leaves and petals of the plant with water every few days will certainly help in this regard, and will make the leaves shiny and the petals bright and beautiful. Be careful though; too vigorous and the petals might fall.

Deadheading

It sounds rather brutal, but deadheading your plant can help it to grow more healthy. Deadheading is the act of removing any dead elements such as leaves or stems. This allows the living parts more space to grow, and they won’t be affected by whatever killed the other parts, or the rot that will eventually set in. Pruning the plant will also help – this means taking off parts that are still living but that are essential in the way of the rest of the plant living as it should to thrive and grow.

An eviction is a tool, or rather a process, that enables a property owner to take control of their property. This may happen for a variety of reasons. Some landlords just wish to safeguard their investment from poor renters. Other times, they may just want their property returned, regardless of whether or not the tenants are good.

In most cases, evictions are unavoidable. Renters may be compelled to look for new housing. Evictions, however, can only take place via a rigorous legal process to guard against abuse. Eviction cannot occur without the proper procedure for the proper tenancy. Furthermore, landlords can never get a court-ordered possession order.

These processes, of course, involve notifications to the renter at each stage of the process. There are other legal alternatives for protesting and fighting eviction.

First, get acquainted with the eviction procedure. You must understand when, when, and how to stand up and protect your tenant rights.

The initial step in most routine evictions is to obtain a section 21 eviction notice from your landlord. It is a written letter in which the landlord requests that you vacate the property and return it to him. To be lawful, it must give you at least two months’ notice and wait for the set period to expire. After this warning has expired, the landlord may take additional action via the legal system.

How To Delay An Eviction

Maybe you’ve given up fighting the eviction. Alternatively, you want to get rid of your landlord just as much as they want to get rid of you. You may want to postpone the eviction if you do not have enough time or finances to prepare your new living arrangement. You may just need extra time to plan your relocation.

The simplest and most straightforward option is to just ask your landlord. Most landlords would allow a little delay unless you show detrimental behaviour or participate in illegal activities. You may easily obtain delays ranging from a week to a month. This way, you can organise your new home or save up for a rent deposit.

Keep in mind that you will only recover your existing deposit once your tenancy has officially ended. You can’t count on it as your tenancy deposit for the following tenancy. This regulation may be waived on special circumstances.

You simply cannot move out if your landlord is obstinate and refuses any delay. That’s correct, Section 21 simply politely requests that you leave. It is not a possession order giving the owner legal occupancy. It also does not take away your access rights under the lease agreement.

Your landlord must file a court application for a possession order. When approved, they must apply to the municipal bailiffs for an execution warrant. In the first instance, the owner has no authority to physically remove you from the property. They must wait for these processes to be implemented.

If they make a mistake with the paperwork, they must return to the previous stage and resume again. All of this may take a long time. Some evictions may go up to six months before the renter is ultimately evicted.

We cannot promote such behaviour, but renters have the choice to do so. If you think you are being evicted in violation of the law, make every effort to postpone the eviction procedure. You may buy yourself more time to respond and make sound choices.

How To Prevent An Eviction

It may be feasible to reduce or avoid an eviction entirely. Examine the reasons why your landlord wants you to leave first. They must be included on the section 21 notice, as well as the intended move out date. Contact your landlord and see if you can’t work out a solution for these issues. Landlords often issue a notice to quit in order to evict their tenants. Landlords may impose some discipline on how the property is utilised by issuing a notice to leave.

If you’ve caused damage or skipped or delayed rent payments and have been issued with a notice to leave, contact your landlord right away. Often, such mistakes on the tenant’s part are simple to correct, and eviction may be avoided. In any case, you have nothing to lose by attempting to reach an agreement with the property owner.

Section 21 notifications may only be issued in the following circumstances:

They must always give the renter at least two months, or eight weeks, notice before moving out.

For fixed-term leases, they must always establish a moving date no earlier than the end of the specified time.

Within 30 days of receiving the deposit, the landlord must have safeguarded it and delivered the required information.

The landlord must provide grounds for evicting you, but any reason is acceptable in a notice to leave.

These are the most frequent errors landlords make when providing you with a notice. Keep an eye out for them. If any of these are missing or improperly stated, the landlord must repeat the process. They must issue a fresh notice with a new expiration date.

If your landlord attempts to evict you during your fixed term, he or she must issue you with a section 8 notice. Then they will make a straight application to the court for possession of the property. The owner is required by law to provide convincing grounds for your eviction before the court. Some reasons, if supported by evidence, are unarguable. They will almost certainly result in a possession order being issued to the landlord. Rent arrears of more than two months, for example, will result in eviction.

Others must convince the judge, who will grant or reject the possession order at his or her discretion. If your case is heard here, you will be given the opportunity to respond to your landlord’s allegations. You must provide your own proof and statements.

If you like the idea of being a landlord and renting out your property, you’re not alone; it’s a dream that many people have, and since it’s a very easy sector to get into – as long as you have the money and are prepared to put in the hard work – it’s something that many people have chosen to do (especially as the UK rental sector is said to be growing and by 2030 two thirds of people will be living in rented accommodation).

However, just because you can do it does not mean you should; there are many factors to consider first. Here’s a guide to help you determine whether renting out your property is the right thing for you, as well as things to think about after you start.

Are You Prepared For This Level of Responsibility?

There are many advantages to renting out your property and being a landlord, and the money you can earn – particularly if you have multiple properties – is definitely appealing. However, there will be work to be done, and it is a responsible task that you must be prepared to take on if you want to be a good landlord.

You will be responsible for maintaining your property, ensuring that any repairs are completed quickly, collecting your rent, and dealing with all of the laws and paperwork that come with renting a home. If you don’t do this properly, you might not only lose money, but you could also acquire a reputation as a poor landlord, making it difficult to attract excellent renters in the future.

Is The Property Ready To Be Sold?

Maybe you inherited a property. Perhaps you’ve moved in with someone else and now have a “spare” flat or house. Maybe you got a fantastic bargain on a home and paid much less than the market value since it requires a lot of repair and modernisation. This is just the start of your landlord adventure, not the finish. It isn’t even in the middle!

Before anybody can move into the property, before you can think about renting out your property, you must verify that it’s fit for human occupancy. This may be a little or large task, but renting it out too soon would only mean that your tenants are unhappy, and possibly unsafe. Making the home ready for renters will cost you money, whether it’s a full renovation or a fresh coat of paint and a garden clean-up. Make sure you have the money, time, and energy to do this.

Should You Hire A Property Management Company?

If you enjoy the concept of becoming a landlord but are concerned about the obligations and effort required to prepare the property as well as maintain it in the future, you might believe that you will be unable to fulfil your goal of being a landlord and renting out your property, and will need to try something else.

There is, however, a remedy. When you see how a property management firm can solve your lettings problem, you’ll realise that you can be a landlord while letting someone else handle the more difficult aspects of the job. A competent property manager will handle all aspects of renting out the home, from screening tenants to collecting rent to organising an inventory to managing maintenance. Then you can sit back and enjoy the benefits.