It’s the beginning of a new year, which means it is time to think about resolutions, and landlords are no exception! By sitting down and creating a list of resolutions you will be able to achieve more throughout the upcoming year, and could even make a larger profit than last year.
Here are some suggestions for New Year’s resolutions for landlords.
Don’t let things Pile Up
Whilst owning multiple properties means that you get numerous rent payments and a higher income, it also means that you need to spend more time maintaining and repairing houses. Make it your resolution this year to attend to any matters your tenants draw your attention to within seven days, that way things won’t pile up and you will probably also achieve a better relationship with your tenants!
Keep an Eye on the News
There are many changes coming up this year concerning landlords, so it is imperative that you spend some time each day reading the property news. There are various websites you can visit that discuss changes to laws and what the consequences will be for landlords and tenants alike. Also, if you keep ahead of the curve it means you can always give your tenants extra time to adjust to any changes you need to make to their tenancy.
Search around for Deals
Most people spend January searching the sales to save money on household products, so why don’t you take advantage also? If you know some of the furnishings in your houses are wearing down start looking online or on the high street for cheap new ones. You can also save money by checking your landlord insurance policy and making sure you are getting the best deal available for this year. Who knows how much you could save!
A new year means a fresh start, and we hope these tips help you achieve everything you can with your properties throughout the next twelve months!