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Archive for the ‘Help’ Category

Do the job right

Tuesday, August 31st, 2010

As any landlord knows keeping ones property in good condition is of the utmost importance. It is great to get cheap landlord insurance but the premiums will soon go up if a series of claims are made.

There are always lots of little jobs that need doing and often outside jobs get ignored in favour of little niggles pinpointed by tenants on the inside. It is really important to maintain the outside of the building not just to protect the integrity of the property but to ensure the place retains as much kerb appeal as possible.

When getting round to the outside jobs it is necessary to ensure that the work is carried out correctly and to a good standard, if this can’t be achieved using one’s own skills then it is time to call in a professional. Don’t jeopardise the rental capabilities of the home by doing a poor job, saving pennies in this way can cost you pounds.

A job where this can easily apply is painting a door. A simple enough job it would seem and one that will greatly benefit the appearance of any home, a fresh lick of paint really can work wonders. It is however, important to carry out the job correctly.

First of all iron out any problems the door may have before starting the job. A door that requires painting can often indicate a door that has not been maintained correctly. For instance if the door is tight and difficult to open or close then a couple of coats of paint can make a real difference. A tight door can become a door that is almost impossible to operate without using brute strength and before you realise where the problem is, you have cracked or broken a pane of glass trying to open it. If a door is tight examine it well, it could be the door has swollen slightly and needs planing. It could well be the door mechanism at fault, the screws in the strike box could have become loose and obstruct the door slightly.

Once the door is prepared for painting it is a good idea to take the door of its hinges and carry out the job in a well ventilated space under cover. Use protective clothing where required for a painting job, eye protection, overalls and light gloves should all be worn. If using a spray gun to paint the door then a face mask must be used.

The painting of the door itself really is simple, take your time to cover any glass in the door or any other parts that don’t require paint and apply the paint carefully, making sure the you get an even coverage. The paint tin will give details on how long a time is required between coats.

Tags: Advice, DIY, landlord advice, landlords, Landlords Insurance, Property
Posted in Advice, DIY, Help, Landlords Insurance | No Comments »

Landlords swamped with information

Wednesday, July 21st, 2010

With each survey, report or government announcement that falls into the media domain, landlords must wonder exactly what the future holds.

There are so many conflicting reports covering the many aspects of property in the residential sector, that landlords could hardly be blamed for ignoring a lot of them and just sticking to ploughing their lonely furrow as they have done in the past.

The demise of hips brought more properties onto the market, which led to organisations such as the Royal Institute of Chartered Surveyors (RICS) suggesting that the influx of properties was not being matched by buyers; ergo the value of properties would fall. Anathema to all landlords, who put great stock on the value of their stock.

Then Letting Agents produce reports suggesting that many landlords will see the fall in property prices as a good time to add to their portfolio, and so it is, all being equal. Unfortunately at the same time, accountants and tax experts were pointing to the Conservative and Liberal Democrats manifesto and forecasting Capital Gains Tax (CGT) could well rocket to 40% in the emergency budget. Enough to make people in the letting business cancel their landlord insurance policies and sell up before Mr Cameron and his friends gobbled up their property value profit. It didn’t happen!

Housing benefit cuts did! Another disaster in the making, especially for landlords in the South East where it is estimated 170000 tenants will be affected by the £400 a week limit which in turn could force landlords into reducing rents to hang onto their clients.

But hold on, Countrywide letting agents announce they are being swamped by tenants wanting to get hold of accommodation which is leading to landlords being able to squeeze a little more rent out of their properties.

All very confusing to say the least. Perhaps the best policy is to carry on regardless. It seems to have worked for one landlady at least. Jane James, who has overcome many personal tragedies in her life, was recently crowned the National Landlords Association Wales Property Woman of 2010. Some title for some woman, Ms James though put down her success to recognising the value of her tenants.

She bases her business on the motto of “Everyone deserves a chance”. In her case she has taken a chance on low income families and gone the extra mile in helping them, which in return has helped her. The perfect landlord/tenant relationship.

Tags: Advice for Landlords, landlord advice, Landlords Insurance
Posted in Advice, Best Practice Guides for Landlords, Help, Landlords Insurance | No Comments »

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