Finding Good Tenants for your Property
As a landlord, one of your biggest challenges is inevitably going to be finding the right people to live in your property. It isn’t as easy as it sounds – tenants may not respect your property, or they might not pay their rent on time. If you do find yourself in a situation where your tenants aren’t paying and they refuse to do so, you may have to take them to court, so finding good tenants is always advisable.
It’s easier said than done, though. Make sure you help yourself by carrying out all relevant checks to make sure they can afford the property, and if they have a guarantor in place, that will be helpful as well. It is really important you carry out regular inspections to make sure they are looking after your property and encourage them to tell you if anything is wrong. If there is, get it fixed straight away. Good tenants often come naturally when you are a good landlord.
What is the Role of a Property Management Company?
Property maintenance companies are the companies or organisation responsible for looking after a freehold property. This will usually be a block of flats or a house in multiple occupations, where there are lots of tenants living in one place. This creates a slightly complex situation in terms of who owns what – there is a landlord who owns the building itself, and who owns the land that the property sits on. They will not own the individual residences – these are usually owned by individual landlords, but on a leasehold basis. So it is clear that a landlord is responsible for their own property. Who is responsible for maintaining the freehold property? Read More
Marketing a Property – What to do
Marketing a property to sell or to rent needs to cover some important points for the buyer or potential tenant. If you are looking at marketing a property, either to sell or rent privately or as part of an estate agency, here are some points that you should take note of:
- Write and speak persuasively. Make sure people know the benefits of the property. Have some facts and figures in mind, such as where the local schools are and how close the property is to bars and restaurants.
- Make sure it is up to scratch. Monitor the property to make sure you don’t notice any problems with damp or with insulation. This will put people off immediately.
- Give it a lick of paint. People will fall in love with a property and go with their heart when they can imagine themselves living in it. Let them see a blank canvass – use white or cream paint.
Building Management Companies – What do they Do?
Building management services cover all kinds of everyday activities that need to be taken care of in a building. The building management company will be responsible for keeping the building as a whole clean, safe and secure, making sure that all residents have a high level of facilities to use. More often than not, they will look after blocks of flats, meaning that they are responsible for areas like gardens, hallways and any other communal spaces.
These are some of the jobs carried out by a building management company:
- Roof repairs
- Mowing lawns
- Structural repairs to the entire building
- Recarpeting hallways
- Cleaning communal spaces
- Managing the heating and when it will come on in hallways
- Cleaning windows
- Replacing and repairing entrance doors and entry systems for tenants
There are many other jobs that will be required as well – this is just a rough list of some of the main ones.
Adding Value With Awning Windows
A great way to value to an existing room, as well as added style and function, is to replace the existing windows with hinged awning windows. Also known as casement windows, awning windows are hinged at the top, allowing for the window frame to move inward or outward. (windows hinged at the bottom are known as hoppers).
They are primarily used singly or in pairs within a common frame, in which case they are hinged on the outside. The windows are opened with a crank, lever or a cam handle, which is placed approximately hand height for the average person.
Function, style, and security are major strong points of awning windows. You certainly wouldn’t be making a bad choice if you wanted to add awning windows to an existing room. High quality awning windows are a strong selling point and makes an estate agents job easier when showing potential buyers around a property.