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As the Author of the Diss and Harleston Property Blog, I like to post regular articles on the local market, interesting statistics and new properties coming to the market.  So, if you are someone just interested in the property market, buying, selling, investing or a Landlord, I am always available to answer any questions or give advice about buying a property, even if a property on the market with another estate agent.  You can telephone me on my direct line 07919 416831 or email at kevin@parson.ltd.uk.

 

Listen to my Park Radio Local Property Expert Show every second Thursday of the month at 11am
 

 

Top Tips to Keep Calm When Letting Your Diss and Harleston Property

Top Tips to Keep Calm When Letting Your Diss and Harleston Property

NEWS Kevin Parson 6th April 2021

In this two-minute read, we show you how to keep calm and in control when letting your Diss and Harleston property.

 

The idea that investing in rental property is easy passive income is a myth. Letting and managing rental property can be stressful, especially for inexperienced or accidental landlords.

 

This month sees the championing of Stress Awareness Month; an annual event which recognises the dangers of modern-day stress and provides valuable coping strategies. If you are wading through a tenancy treacle, read our top tips to temper your tension.

 

Do your homework

Whether it’s a simple credit check or a comprehensive background check, referencing your tenant is ESSENTIAL. If you have concerns, you could arrange to meet your prospective tenant in their current property to see how it’s been looked after or even go a step further and ask for a rental guarantor. If you have rental income insurance, check whether the terms of your policy stipulate the level of referencing required.

 

Build a circle of trust

People buy people. And much like you want the right tenant in your property, you want the right tradespeople working in it. We guarantee that you will, at some point, have some repairs that need attention – whether from an accident or general wear and tear. Building a trusted network of tradespeople that provide value for money will stand you in good stead.

 

Don’t leave yourself short

Now, more than ever, we understand the importance of an emergency fund. In tough financial climates, rent arrears can be more of a reality than a risk. In situations like this, contact your tenant – there may be a simple explanation which is easily remedied. If not, don’t delay in taking advice. If you rely on your rental investment for income, consider whether rental insurance is a sensible option.

 

Know when you need help

If it all gets too much, ask for help. A good letting agent can manage the entire tenant journey for you: from tenant sourcing right through to the end of tenancy clean. Inventories, referencing, deposits, rent collection, repairs, and legal and regulatory compliance; you name it, it’s covered.

 

We understand the pressures involved in letting your property and are here to alleviate your anxieties. If you’d like to hear how we can make your property let a stress-free experience, give us a call on   01379 646180.

Ⓒ PARSON ESTATE AGENTS 2021

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