Your tenant reports some maintenance whatโs the first thing you do? Panic!! ๐คฆโโ๏ธ๐คฆโโ๏ธ No, Iโm only joking!ย When I first started out you always...
Your tenant reports some maintenance whatโs the first thing you do?
Panic!! ๐คฆโโ๏ธ๐คฆโโ๏ธ
No, Iโm only joking!
When I first started out you always dreaded the phone call from the tenant since it was always a problemโฆwhatโs broken now? Why canโt you pay the rent? Youโve split up with your girlfriend, you want to move out early!
Youโd never get a phone call which was a nice thingโฆ
Same with letting agents and Iโve been trying to change this recently, when landlords have been contacting us for their annual tax return (a 2 min report we send for free), Iโve been trialling a quick analysis on how theyโre doing, just to make sure our landlords are making more money year on year and weโre delivering the return they require.
There are two ways you can make more money from your rental property โ your income (increasing it) and your costs (decreasing them).
On an annual basis, weโre very very thorough when it comes to checking rents, increasing them to just below the market rate to keep your tenant long term but weโve also got an experienced team when it comes to maintenance.
If you do get that dreaded call from your tenant or letting agent, the first thing to do is not to panic. If itโs a large job, itโs always best for you or your agent to visit the property first to ascertain the reason for the work and also the potential cost.
If you send out a tradesman theyโll cost the job but sometimes the difference between whatโs required and what the tradesman thinks is required can be ยฃโ000โs.
Mat one of our experienced property managers below, did a quick video on a damp related maintenance check, showing what you should look out for to save you money!
I hope you found the video useful and remember itโs OUR JOB TO SAVE YOU MONEY!
For any sales, lettings or refurb help:
- Contact us today by phone or email to move your property to us.
- Weโll contact your letting agent to ensure a seamless tenant transfer, including the deposit, keys and all paperwork.
- Weโll contact your tenant to resolve any rent, maintenance or refurbishment issues you have, arranging a property visit if required.
- Weโll begin the process of maximising your income and wealth.
Share this with
Email
Facebook
Messenger
Twitter
Pinterest
LinkedIn
Copy this link