How To Be A Good Landlord in Huntingdonshire
Here at Opal Lettings in Huntingdon, we work hard at being good Letting Agents. We work with both our tenants and our landlords to find the best property and tenant match to suit both parties, we make sure everything is legal and running smoothly, then we are also at the end of the phone in case there are any issues.
We know the importance of being a good landlord and we would like to share some tips with you about how you can be a good landlord, but firstly we’d like to tell you why you should want to be a good landlord in Huntingdonshire.
Replacing tenants costs money and if the property is empty you are also losing money. Each time you lose a tenant you will be taking a financial hit and nobody wants that. By keeping your tenant happy you are giving them a reason to look after your property, to want to stay longer and to treat you and your property with respect.
So how can you be a good landlord and keep your tenant happy?
- Make sure you don’t ignore your tenant. If they call you with an issue, no matter how small or minor you think it is, then you need to deal with it as quickly as possible because it is bothering your tenant.
- It may not be your legal obligation to fix certain things in the house, but if something does need fixing then fix it. The quicker things are fixed the happier your tenant is, but it will also mean less damage and financial outlay.
- Remember that as a landlord you are not your tenants’ friend or neighbour so give them space. No tenant wants to be hassled by their landlord all the time; leave them to enjoy their home in peace.
- Don’t dismiss every request that your tenant makes, compromise where you can. Take every suggestion they have on board and take appropriate action. When you do have to decline their suggestion make sure you give valid reasoning for doing so.
- When you have a great tenant, treat them like a great tenant. A great tenant is priceless and due to the fact they are the ones that are paying your mortgage, you may need them more than they need you.
- While it may be tempting to increase the rent, make sure you think about it first. You should never increase the rent unless it is absolutely necessary. Remember, if your tenant refuses to pay the new rent they will move out and you’ll end up taking the financial hit of finding a new tenant.