Rental Resolutions: Five Things Landlords Can Improve in 2024

Well, if you’re a landlord, why not make a few property-related resolutions too?

Think about it – if you can introduce changes that make managing your Haydock and Newton rental less stressful and more efficient, you can spend more time focusing on your personal goals.

Here are five resolutions that could save you time and money.

Insurance

Note down when your landlord insurance is due for renewal, so you’ll have ample time to shop around for a new deal. (Never automatically renew in case your insurer has significantly hiked premiums or the standard excess, in the hope you won’t notice.) Ensure there are no glaring omissions in a policy that could leave you vulnerable. With the recent spate of bad weather, check you’re covered for flooding and water damage.

Letting agent

Did your letting agent deliver the goods as promised this year? If the service was mediocre at best, speak to other local letting agents and see what they can offer. While you’ll obviously weigh up the financial side of things, don’t overlook interpersonal factors. It’s essential to choose a letting agent you can trust to take good care of your property and tenants.

Property management strategy

Being well-organised can help you stay on top of maintenance and nip minor issues in the bud. Schedule all electrical and gas safety checks, appliance servicing and inspections in a calendar so you know when they’re due.

Long-term upgrades

Spending the bare minimum on property maintenance can be a false economy. Finding good quality tenants is much easier if your rental feels fresh and modern. Also, bear in mind that older kitchens, bathrooms and boilers may require more repairs. Sometimes it’s wiser – and better value in the long run – to upgrade instead of patching things up repeatedly.

Improve communication

A good landlord / tenant relationship can make life much less stressful for both parties. Encourage your tenants to contact you if there is an issue, but don’t rely on them alone to flag up problems. They may be reluctant to reach out for fear they’ll get the blame for the issue, or they may not realise the dangers of leaving a minor problem unaddressed.

Contact us here at THINK Estate Agents today to learn about our property management services.

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Your Property in Safe Hands: The THINK Difference in Lettings

As a landlord, you’ve invested time, money, and effort into your property, so it makes sense that you’d want a lettings agency that treats your investment with the same care and attention that you would. At THINK Estate Agents, we believe in going the extra mile – we treat every property as if it were our own.

CLICK HERE >

Five Tips for St Helens Landlords Buying a Doer-Upper

When considering the purchase of a ‘doer-upper’ – a property that requires refurbishment – landlords are often faced with a Shakespearean (ish) question: “To buy, or not to buy?” It’s an important decision where you must weigh up several important factors before choosing to invest or not.

CLICK HERE >

Three Feel-good Things the Next Three Months Can Bring

As the days grow shorter and the chill sets in, it can be easy to feel a bit downcast.

CLICK HERE >

Marketing Magic: How THINK’s Premium Strategies Attract Top Dollar for Your Home

Exploring the cutting-edge marketing techniques that make your home stand out in the crowd.

CLICK HERE >