If you think cutting corners is the right way to increase profits on your rental property, think again. Investing in your property is key to increasing your profits. This investment should be a constant activity, however when every tenant leaves you or your letting agent needs to undertake a full review of the property to ensure it’s ‘hitting the mark’.
Our research shows this will ensure:
However once your tenant has moved into your property, your investment doesn’t stop. It’s very important that you or your letting agent, deals with any issues quickly, if and when they emerge. A small leaking gutter, may seem like a small problem to you, however for a tenant (especially in winter) this could be serious problem.
Deal with small issues, so they don’t become big issues (and vitally don’t start to sour the landlord and tenant relationship).