Jeff Dunnill
@Properteasy
If you are looking for a secure and exciting way to invest in property, then we are the people to watch
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Develope a list of reliable handyman and gardeners who do good work and charge low rates, even if you hire somebody to let your property
Putting fire extinguishers in a property may open you up to liability if they're found to be faulty
When your tenants move out attach copy of their deposit itemisation report and binding tire tenant law file together for filing
Develop a screening policy for all potential tenants, and share it with them so you both understand what is expected
Consider the possibility of having a higher excess on rental property insurance and using your savings on the premiums to purchase extras
Property particulars mustn't contain false or misleading statements but take them with a pinch of salt
Sometimes you can find a local property wreck by chance ask neighbours who owns the property and enquire whether they have contact details
More limited management services are available from some letting agents, work out what is cost-effective for you to do
maintenance and repairs are considered legitimate expenses offset against property profits
Landlords are not responsible if the tenant slips or falls on natural accumulations of snow and ice.
Don't put the full address in an advert as this can indicate to squatters and burglars that the property is empty
Most management companies operate on a no let no fee basis, but receive a percentage of the collected income for managing a rental property
When upgrading or replacing electrical appliances try to standardise the brand and model and by version whenever possible for uniformity
make a list of must haves and could haves and should haves before viewing the potential investment
if the property seller has two identical bids for a property, speed of completion can seal the deal
If there are delays between showing your property and the date on the new tenant moving in, ensure the property is cleaned
Regardless of whether you accept or reject a prospective tenant be sure to notify the applicant promptly when the decision is made
if you can't trust yourself to stop when you reach your limit ask a friend or relative solicitor or surveyor to bid on your behalf
If you take an advert in a magazine or newspaper be sure to buy a copy and review your advert in place
Don't put the full address in an advert as this can indicate to squatters and burglars that the property is empty
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