SEVEN EASY WAYS FOR LANDLORDS TO SAVE MONEY

[…]

Everyone likes to get value for money and in the list below we show landlords eight ways to make money go further.

They are in no particular order but in our 16 years as letting agents we find they all save landlords money. It’s not about being a cheapskate but it is about getting the best value for money.

1. If using a letting agent, ensure you check their full list of fees before instructing them – not just the headline ‘instruction grabbing’ rate. You might be surprised at some of the things some agents charge extra for.

2. This is a potentially huge one. Check your mortgage. Consider using a good mortgage broker – it could be that there are better mortgage offers available.

3. Don’t try to let the property for the absolute maximum possible. Every day the property is empty is a day’s lost rent. Set it too high and you may have virtually no one interested in a whole month.

4. Where possible rent your property unfurnished. In our experience, there’s very little for landlords to gain but a lot to lose when marketing and managing a furnished property.

5. If you are providing white goods always ensure you have a fridge freezer in place. Fridges with a small ice box area are unpopular with tenants.

6. If you have a garden, keep it simple. Elaborate outside areas require much more maintenance.

7. UPVC window frames, doors and fascias last longer than timber ones so represent a better investment if you have to replace these at any point.

There are several more ways landlords can save money without cutting corners. Give us a call and we will be more than happy to help you.

Thanks for reading!

Sue Iles

PS. Do you want to get a SOLD or LET sign outside your property quicker?

Call Joe James and the team on 01934 512537 or email: sales@ilesandjenkin.co.uk for honest, expert and friendly advice!