Rental Tips Archives | Blue Crystal Property Management

Landlord Maintenance Tips

A rental property that is not well maintained can create a significant decrease in your property value. A clean, attractive and well-maintained property will attract potential tenants or keep existing tenants happy. The best way to ensure high-quality tenants, who rent long term and look after your property is to maintain it well. Please see below tips for rental property maintenance.

How to calculate your rental yield

Thinking of purchasing a buy-to-let property? Prospective landlords need to familiarise themselves with the term ‘annual rental yield’, which is the gross amount of rent an owner is likely to receive over the course of a year. If you’re new to buying-to-let, working out rental yield is not too taxing. All you need to do is some straightforward sums.

How to be a landlord

Bear in mind being a landlord is a business Just like any business; you make money, you have expenses, and you pay taxes. If all goes well you’ll make a profit each month. While property is a fairly safe long-term investment, there is no guarantee of success, just with any other business. Many people become a landlord because they think it’s an easy way of making money. It is not always that easy as it seems. There are no guarantees. Understand what being a landlord actually means Many landlords step into the arena with a totally distorted view of what being a landlord actually entails.It seems exeptionally easy from a distace. You need to choose your tenants carefully. Be aware that you may end up dealing with repair and maintenance bills or rent arrears. The laws can be excruciatingly unfair towards landlords. They may come across more protecting of tenants and they are frequently changing. You always need money on the side so you can cover any unforeseen expenses. Void periods are common, this is when the property is vacant for short periods, particularly in-between tenancies. During that time you won’t receive rent, but you’ll probably still have a mortgage to pay, plus other expenses.

Tips for reducing void periods with your rental property

For landlords, experiencing occasional void periods is inevitable. However, there are actions you can to tempt tenants to stay for longer, extend tenancies and hopefully reduce void periods. As a landlord, when your property is vacant, not only are you not collecting rental income, but you could also still be paying certain costs such as mortgage instalments, ground rent and insurance, as well as council tax, gas and electricity bills. It is therefore critical to minimise void periods where possible, especially if your buy-to-let properties are single tenancy. While the end of all tenancies cannot be avoided – people move on, buy their own home and circumstances change – there are ways to keep tenants for longer and reduce void periods.

How to find good tenants

How to find a good tenant in uk Our 8 tips on how to find good tenants for your rental property: 1. Follow the Law Landlords must treat all potential tenants equally. The system is designed to prevent discrimination against certain classes of people in any activity related to housing. In short, you cannot discriminate based on […]

Landlord and tenant: tips on managing relationships

You may have a great eye for investment and rental yields, but are you able to build a good landlord and tenant rapport? Are you a people person? Landlord and tenant: specify terms At the beginning of a tenancy, it’s important to make sure that both landlord and tenant are fully aware of their obligations. […]

Accidental Landlord Tips

Accidental landlord advice An Accidental Landlord may not have planned to be a landlord. However, they can still be prepared! For this reason, we have prepared 5 tips for you. Accidental Landlord Tip 1: Have you noted the legalities? Mortgages You need to change your mortgage into a Buy-To-Let mortgage. If the property is leasehold, […]

How to find good tenants for your rental house

Picking the right tenants mean all the difference between an easy going tenancy versus issues further down the line. make sure to carry out background checks, meet face to face and take all the necessary steps to secure decent tenants.

How to find the right tenant in London

Having the best tenants mean constant cash flow for landlords, decent tenants who pay on time and no voids. So how to do you find them and make sure they want to rent your property? First of all, you MUST make sure that it (and you, as a landlord) complies with all the legal obligations. Present the property well Make sure the property is clean and odour free inside and out. If it’s been vacant, arrive early and open the windows to allow some air to circulate, and pick up any post that’s collected. Make sure it has been professionally cleaned and kept tidy, including the garden.

Why does a landlord need a property inventory?

A property inventory ensures the landlord doesn’t have to pay for the damages or loss made to their property during their tenants’ residency. Floors can be scuffed, carpets stained and furniture may be missing. Actually, a number of unexpected damages could take place, including vandalising a kitchen or a bathroom! When it is time to return […]

5 Top tips for having happier tenants

Be quick on the draw Of course, most of the changes and work that will be carried out on any rental home will actually come after the tenant has requested it or reported a problem. Resolve this year that whenever such issues do arise, you make sure work is carried out as soon as possible. Tenants hate to have to wait, so having one or two contractors you know you can rely on to hand can make a big difference in getting stuff done quickly and keeping tenants happy. Get tenants settled in Increasingly, one of the biggest concerns of tenants is what they are going to be doing in the future, because they never know how long they are going to be living in one place. Where possible, it can be a good idea to tackle these worries, and offer tenants the chance to sign longer tenancy agreements. Not only does this give them the long-term security they are after, but it can also secure income for an extended period for the agent as well.

Property Refurbishment tips in order to profit

How to renovate property for profit Here are our 6 top tips for Rental Property Refurbishment and maintenance that will help you make a profit when selling your home. If you are planning major redevelopments, make sure that you have the finances in place to cover the entire works. Include a decent sized contingency fund […]

Rental property maintenance tips for landlords

Landlords need to keep their properties in shape, not only in order to satisfy their tenants but also in order to avoid potentially expensive disasters. But it can be difficult to know where to start. Looking for top rental property maintenance tips? Read on… 1. DIY or management? There’s an important first choice to be made when thinking about rental property maintenance: do you entrust it to an agent, or do you go it alone? Both have potential upsides – you might be able to save some money by going the DIY route, but if you hire an agent to do it for you, you could save your own valuable time.

Tips on keeping tenants happy – Rental Property Management

How to Keep Tenants Happy! It is known fact that it takes significant time and money to attract and retain good tenants. It just makes good business sense to strive for happy, long term tenants in your rental properties.