How Landlords Can Avoid the Monday Blues
We share how landlords can avoid feeling down on the year’s most depressing day in this two-minute read.
If you’re feeling a little flat, low, or down in the dumps next Monday, you won’t be alone.
The 17th of January is Blue Monday – according to some psychologists (and clever marketers), it’s the most depressing day on the calendar.
It’s a perfect storm of wintery weather taking its toll, the Christmas break becoming a distant memory, resolutions falling by the wayside, and credit card bills coming in.
All of this adds up to a formula for feeling, well, a little rubbish.
And our experience serving landlords locally has taught us the four main things that get them feeling down.
The good news is we have the antidote to these that will bring the smiles back.
Here goes:
1) Void periods – When your property is empty, it costs you money and can make you miserable. Good marketing, looking after existing tenants, and setting reasonable rents for well-maintained homes reduces the risks of voids.
2) Troublesome tenants – This can cause landlords a lot of stress. But you can drastically lower the chances of a tenancy turning bad by doing things right from the start. Rigorous referencing and checks that weed out the good from the bad tenants are essential for a positive experience.
3) Rules, laws, and regulations – The rental property industry in the UK has more than 300 different and constantly changing rules that affect landlords. Falling foul of these rules is costly and stressful and causes nagging anxiety for some landlords trying to ‘blag it’. Use an experienced letting agent to manage your property and keep you on the right side of the law.
4) Property damage – All landlords should expect fair wear and tear to happen during a tenancy. But many get down in the dumps when their property ends up looking like the local tip. But it doesn’t have to be this way. The right tenants who are well treated reduce this reason to be anxious. As does having a good letting agent who carries out a thorough incoming and outgoing inventory as well as regular property inspections on your behalf.
For a happier, more successful rental property experience, call us today.
