How to Bomb Proof💣 Your Buy to Let Property!

What a week we’ve had, I can’t remember how long we’ve been in lockdown but it feels like months rather than weeks! We’re still...

What a week we’ve had, I can’t remember how long we’ve been in lockdown but it feels like months rather than weeks!

We’re still open for business and dealing with issues from tenants and landlords – I’d like to say we’ll get a rest but it’s seems as know it’ll never stop.

A lot of the time when renting property, prevention is better than dealing with the cause.

It’s the easiest thing in the world to find a tenant, put an advert on Gumtree, have no criteria, references etc., ask for no deposit or rent upfront and you’ll have a tenant very quickly!

The problem is, you’re more than likely solving a problem by generating another one. i.e. your property is now tenanted, you’re no longer paying council tax and hopefully you’re receiving rent.

By not doing things right your chances of getting “unlucky” increases. The more you check upfront, the less likely you’ll get a bad tenant, it’s funnier the luckier you get the more work you do!

A bad tenant is worse than an empty property, trust me – no rent and damage costs far more.

The best way of preventing an issue is not to allow it to happen in the first place. A lot of our tips for refurbing involve prevention over dealing with a reactive issue.

For example:

1. We put door stops behind doors to prevent holes in walls and damage to plaster work
2. Fix thermostats to walls

This might seem incredibly silly and trivial but it’ll save you £’s over the long-term.

That’s our aim to save our landlords money, generate them long-term wealth and hopefully watch them retire or pass their properties to their children.

If you want to do the same send us an email to: landlords@nguhomelettings.com or phone 0191 491 0344 Option 1.

See video below with some tips 👇