Connect with us

Real Estate & Investment

How to Rent Out Your Property the Stress Free Way

Renting out your property and becoming a landlord doesn’t need to be the most stressful thing in the world. Sure, it comes with some responsibilities that you have to stick to if you want it to work, and you’ll need to be patient, but it can work for you. Here’s how to do it without ripping your hair out:

Speak to Your Mortgage Provider

The first thing you need to do is speak to your mortgage provider. You need a buy to let mortgage, and renting out your property without one of these is illegal. You could get in big trouble if you get found out. Have a chat with them and they’ll advise you on what to do and make things easier. Essentially, they’ll tell you how to become a landlord!

Make Sure Your Property is Completely Safe

Your property needs to be completely safe before you can let tenants move in there. You have a responsibility to them now, so you must check over your property and get a professional to do so. Your boiler and other essential elements should all be in good working order.

Get Help

Now, this step is going to cost you a little more money, but you’ll be glad you did it. Rather than receiving phone calls at 3 in the morning to fix a leak or broken boiler, somebody will be there to do that for you. It isn’t hard to find a reputable company with guys like around. You can find a company that can be involved as much or as little as you like to get things done. You could literally sit there with your feet up, but it depends on how much you want to spend!


picture source

Save Up Your Tax

Just like regular income, income from your rent will get taxed too. It’s up to you too pay this, so you need to make sure you save up enough. You don’t want to get left in the lurch, after all! If you want to be a landlord as stress free as possible, then the right thing to do is follow the rules to the letter. So no tax evading!

Stick to Your Legal Responsibilities

You have a fair few legal responsibilities when you become a landlord. You must stick to these to avoid getting in trouble. Let’s take a look at some of the things you’ll be expected to do:

  • Give an energy performance certificate for the property.
  • Make sure your furniture and furnishings are fire safe.
  • Make sure gas and electricals are safe.
  • Draw up a tenancy agreement that is fair to both you and the tenant.
  • Put the deposit in a government safe fund. If you fail to do this you could get in big trouble.

You should also bear in mind that your property may not always be occupied. It’ll help to have a company find tenants for you if you need it so you can begin earning again as quickly as possible. I hope this information was useful!


Continue Reading

Popular How To Guides

Games / Video Games5 days ago

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...

Travel2 weeks ago

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...

Cars & Vehicles2 weeks ago

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...

Games / Video Games2 weeks ago

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...

Technology2 weeks ago

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 –...

Technology3 weeks ago

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...

Games / Video Games3 weeks ago

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...

Business4 weeks ago

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...