As a landlord or a soon to be landlord you’ll be glad to know that the rental sector is bigger than ever. In fact, over the last 5 years the number of people renting property has increased by 40%. It is likely that this is down to the cost of buying and how much this has gone up over recent years. Whilst more people are renting a property now, you shouldn’t automatically assume it will all be plain sailing, because renting can be a bit of a mixed bag.
The tenants that you have living in the property can make a massive difference to the how smooth being a landlord is. However, just because you have a bad tenant in, that doesn’t mean you should give up hope – instead you should do what you can to protect yourself from bad tenants.
You’ll be pleased to hear that there is landlord insurance. There are several types you can choose from, depending on how comprehensive you want the policy to be. Buildings and contents insurance can be a great help, but you can also protect against rent arrears, property damage and more. If you shop around then you can get his at a low cost and in comparison the peace of mind you get is priceless.
Go Through A Letting Agency
If you want to further protect yourself from bad tenants then renting through a letting agency can be a great help. Whether you ask them just to introduce you to possible tenants or you want them to do a full property management service for you, this can make things a lot easier for you. Some of them even offer protection against tenant problems so this is well worth looking into.
Always make sure that you have a proper contract drawn up to protect you, the tenant and the property. Tenants generally have a responsibility to look after a property, keep it in good condition, smoke free etc. Your last resort is to go through a legal process to ask the tenant to repair the damage at their expense, but that may not be a viable option as costs could escalate. There are specialist tenant eviction services which could help you do this.
Dealing With Bad Tenants
You should always try to vet tenants before you agree to rent your property to them, but this isn’t foolproof. If you do end up with bad tenants then it can be quite hard to get them out. If you are having ongoing problems then your local council and The Citizens Advice Bureau should be able to offer you practical help and advice.
If you are having problems then make sure you document everything – complaints from neighbours, letters and warnings you have given to your tenant etc. It might not be a fast moving processing, but the better documented you have and the more evidence you have the better chance you have of being able to get the problem resolved.
Popular How To Guides
How To Play The Lottery: Five Things You Need To Know Before Playing
Lotteries are the world’s most popular form of gambling, as the low stakes with potentially life-changing returns are just too...
How To Pack For Your Long Haul Journey
The two main things to combat on a long haul journey are boredom and discomfort. This list of things to...
How to Create a Car Budget
Buying a car and paying for all the additional services, such as car insurance, can be pretty expensive. Globally, the expectation...
How To Visualize What A Loyal Gamer Has Spent Following A Video Game Series
Gaming can become an expensive, yet fun hobby. Enjoyed by millions of people around the world, video games have become...
How To Edit PDF Files for Mac Users
Most of the readers that are used to display PDF files on Macs don’t have any editing tools whatsoever –...
How To Start Your Own Website – Basic Tips
These days, it seems that just about everyone has a blog or a website. If you think that sounds like...
How To Get Into eSports
Competitive video gaming, aka eSports, is a growing industry and is fast becoming part of the mainstream sports. There are...
How To Increase The Lifespan of Machinery Using Simple Steps
Not just machinery related to mining, farming, and industrial processes require constant maintenance but every machinery and equipment no matter...
Business2 years ago
5 Things You Must Consider Before Starting A Construction Company
Cars & Vehicles3 years ago
How To Deal With A Driving Offence (Quick Tips)
Games / Video Games11 months ago
How To Connect a Mouse and Keyboard to Your PlayStation 4
Cleaning4 years ago
How to Make a Shower Tray Look Like New
Sport11 months ago
How To Get Into A New Sport: 10 Inspiring Tips
Cars & Vehicles11 months ago
Can You Really Afford That Car? How To Know If You Are Making The Right Decision
Business4 years ago
How to Make Your Own Mini Conveyor Belt
Other2 years ago
How to Spend Your Savings Responsibly For An Easier Retirement