Being a property landlord can be incredibly rewarding, however, it is something that presents its own challenges that must be overcome. Getting into property letting for the first time can be quite daunting, but with a little insight goes a long way.
That’s what we offer, as we provide 7 useful tips to ensure that things go smoothly for you as a landlord. So, let’s waste no time in getting started.
Tip #1 – Respond to tenants quickly: When small issues are dealt with quickly, you stop them becoming larger ones. It’s also a great way to ensure that the tenant/landlord relationship is a positive one.
Tip #2 – Make sure your property is presented well: To obtain the market rent and stay for longer, it’s important to ensure your property is well maintained and clean.
Tip #3 – Get a local expert on your side: There are several legal issues that need to be navigated as a landlord, so it’s a good idea to get a trusted local letting agent on your side to guide you.
Tip #4 – Give your tenants space to breathe: While you want to be attentive to your tenant’s needs, you don’t want to be overbearing. It’s their home now, so give them space to enjoy it.
Tip #5 – Focus on getting the right tenants: Of course rent matters, but so does getting the right tenants in, so be sure to prioritise this aspect as highly as getting a few extra Euros each month.
Tip #6 – Be flexible when you can: Being flexible with tenants on occasion can help you get the great long-term tenants you’re looking for. For instance, while you might have a ‘no pets’ rule, don’t turn away a great individual just because they have a hamster.
Tip #7 – Contingency budgets are important: You never know when you might need to fork out for a locksmith, new boiler, or a gap in tenants, so having a reserve in place to cover it can be a real life-saver.
Here to Help You to Achieve Success as a Landlord
As the best letting agent Dublin landlords can get, The Bracken Estates team has the experience and knowledge to help you to be a successful landlord. We can help guide you through what can be a minefield and ensure that you don’t fall into the pitfalls that so many do.
To learn more about anything mentioned here, you should visit us at our South Dublin office in Rathgar village or check us out online at www.brackenestates.com.
Alternatively, to speak to us directly about lettings or anything to do with residential or commercial sales, call us on 01 4966 4444 and we’ll help you in any way we can.