Top 5 Common Mistakes Made By Landlords
As a landlord, there are a ton of things to take into consideration when renting out a property, especially in relation to legal requirements and legislation. Here are the top 5 common mistakes made by landlords and how to avoid them.
Mistake 1 – Ventilation in Bathrooms
Mould and peeling paint become an issue within bathrooms when it isn’t properly ventilated after bathing or showering. This can be a massive pain for landlords who have to put down redecorating costs. Make sure that there is an extractor fan appropriately sized for the bathroom and that the windows have enough leverage to allow enough air to circulate to avoid these issues.
Mistake 2- Avoiding Requests
Keeping a positive relationship with your tenant is key, even if that means spending a bit of money to keep them happy even if some requests may be unreasonable in your opinion. If your tenant is happy with their home, as a landlord you will benefit from this by them taking greater care of the property and even pitching in to their own money in regards to improvements.
Mistake 3- Cleaning and Gardening Equipment
It is not common that a landlord will provide basic cleaning equipment such as a vacuum cleaner in a rental property but it is suggested that by doing so this could benefit you. Instead of the argument of who has to pay, providing a vacuum cleaner or a lawn mower is an effective way to persuade your tenant to take care of the property. Another option is to pay for a cleaner to go to the property every couple of weeks to keep the property well maintained.
Mistake 4- Fire Resistant Furniture
By British law, you’re required to make sure all of the furniture in your property is fire resistant. All existing furniture labels should be checked and any future purchases should also be checked before buying. As you have to prove that the item is fire resistant, any labels that have come off any items need to then be checked or have the items replaced. If an item is not fire resistant you could face a fine of £5,000 per item and imprisonment if there is a death resulting from a fire in your property.
Mistake 5 – Fire Alarms and Carbon Monoxide Detectors
As required by law, fire alarms and carbon monoxide detectors should be installed within your rental property. However, once installed, changing the batteries becomes the responsibility of your tenants after the tenancy has started. If the fire alarms are faulty, you must instruct your tenants to make you aware of this as it is your responsibility to replace them. You could face a fine of up to £5,000 if you fail to install the alarms or replace faulty ones.
If you would like any advice letting your property then please contact us on 0121 445 7410 or email firstname.lastname@example.org