The question on every landlord’s lips, new or experienced –
how much can I get per month? How can I get more?
We can sugar coat it and say we do it to give people a place
to live, because it’s a hobby, it’s a project – but the bottom line is because
it is an investment and the best investment requires the best return, to make
it the best investment.
Something to consider when letting a property is the type of
tenant you are attracting and who your target audience are. Every landlord
would prefer a respectable single person or family, paying rent on time every
month and looking after the property as if it was their own. This type of
tenant is out there, however it is
important to think about the quality of your property inside and out, when
expecting a quality tenant.
A tenant is more likely to look after your property if
damage would be completely obvious if it happened. For example, let’s imagine
for a second there is a cupboard door slightly off its hinges in your kitchen –
do you think a tenant would think twice if another was knocked and was hanging
off? What about the carpets, if they have stains here and there – would a
tenant care about spilling something?
If your property is above a certain standard and the care
and attention you have put in is apparent, you are sure to attract a better
calibre of tenant that is willing to pay more per month, and much more likely
to stay for a longer term meaning less re-letting fees, less void periods and
much less refurbishment between tenants.
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