Landlord Mistakes

Don’t make these new landlord mistakes:

Form a direct relationship with the tenant
Think of the property as your own home
Not keeping the property in good condition/conducting repairs effectively and efficiently
Not reviewing rents regularly
Not using an experienced property manager
Using a generic rental agreement
Failing to reference check tenants
Not inspecting properties
Not carrying out an inventory
Not registering/securing a security deposit
Delaying legal actions/evictions
Allowing rent arrears to escalate
Not having adequate property insurance
Failing to use a regulated Letting Agent
Providing new tenants with long term contracts
Not reading the Letting Agent contract properly
Harassing tenants
Disregarding the requirements of a guarantor
Not meeting current regulations i.e, EPC, Gas Safety