Month: December 2015

The Ps and Qs of being a Landlord

Sara

All this should be detailed in the tenancy agreement, known as the Assured Shorthold Tenancy (AST). A letting agent or solicitor can help you draw up a tenancy agreement, or there are a number of templates available to download from sites such as the Residential Landlords Association (rla.org.uk). Sourced from: http://www.thisismoney.co.uk/money/guides/article-3106649/How-good-landlord-without-taken-ride.html

If you are a busy landlord but still want to ensure that your investment pays back on time you can hire property management services. Do not just get anyone to do the work for you. Get someone who is qualified by asking certain questions.

Does the agency have a dedicated property management department and how many staff will be looking after my property?Property-Investment-Checklist

Many agencies see property management as a “poor sister” to the more glamorous sales department and some even leave the management of client’s assets to the front desk staff and receptionists.

You may find that an agency where the director has an active involvement of the property management department will take the business of property management more seriously. Sourced from: http://propertyupdate.com.au/11-questions-to-ask-your-property-manager-shannon-davis/

To keep things in perspective, the Harvard study claims that the total number of renting households surpassed 43 million in 2013. Sourced from: http://lifehacker.com/is-becoming-a-landlord-worth-it-1579689701