Being a private landlord with properties covered by landlord insurance can be very lucrative in terms of finances. However, it can be difficult for a landlord to find out all the details that they require before letting their property to a tenant. But now, thanks to some advanced technology, help is at hand in the form of a phone app.
Any landlord will agree that they are keen to get decent tenants who keep the property in good condition and also pay the rent on time and every month. The new phone app will go a long way in helping a landlord avoid troublesome tenants. Smart phones have become popular over the last few years which have meant a huge number of apps being launched for use by people from all walks of life.
Landlords who have an iPhone will now find it is easier and faster to find out information about a prospective tenant’s renting history which will enable them to safeguard their expensive investment. The new app will help to find out whether the possible tenant has ever been blacklisted for problems such as property damage or non payment of rent. The app is the first of its kind for both landlord and letting agents in the United Kingdom and has been created by lettings specialists Legal 4 Landlords.
An official from Legal 4 Landlords said: “We’re approached on a daily basis by landlords wanting to do a quick background check on a prospective tenant. These checks can take time, so we thought it made perfect sense to develop an app which will do this in seconds. Unpaid rent in the United Kingdom currently amounts to £276m, so landlords need to know if they can trust the tenant they are about to take on.”