Tips from the Experts: Renting Out Your Property
Wednesday, July 01, 2015 by
If you own property and are renting it out, there are many pitfalls that you might encounter along the way. Douglas & Gordon’s Associate Director and Head of Property Management, Chrissie Barks gives us her top tips for keeping your tenant happy and making sure that your property is well looked after.
Ensure everything works
Make sure everything in the property is in full working order. All properties have quirks that only an owner may know about, so be sure the managing agent and the tenant are made aware to avoid any issues or complaints further down the line. Also make sure all appliances are in good working order and supply all manuals in case something goes wrong - make your Property Manager aware if any are under warranty.
Be prepared in case of an emergency
In addition to sets given to the tenants, always provide a set of keys for your Property Manager along with all alarm details. If the property is in a block, always provide the Property Manager with the block manager/freeholder’s contact details. Make sure you have insurance in place and your Property Manager has the relevant details. This way, if you are away or unavailable, your Property Manager can help out in case of an emergency.
Plan safety checks ahead
Having the safety of your flat in check is vital before a new tenant moves in. Make sure that the relevant safety checks for gas and electric are done well in advance, or give your Property Manager plenty of time to arrange them on your behalf.
Keep your property neat by providing your tenant with tools
Encourage your tenants to keep your property neat and the garden well looked after by leaving them with tools for cleaning and gardening on the property. This is something that is often overlooked, but can contribute largely to the upkeep and maintenance of your flat or house.
For more advice on managing your property, you can contact Chrissie at firstname.lastname@example.org