Advantages of having your property maintained for a landlord

There are many advantages of having your property maintained if you are a landlord. Here are just a few of them;

1) Less work – Although having your property maintained may cost a little more than if you did it yourself, one of the most obvious reasons is that it is less work for you. This would mean that you have a lot more time to concentrate on what landlords do best; make money!

2) Keep tenants happy – Having your property/property’s maintained will help keep your tenants happy. Now, you might think that this isn’t really a very big deal and that they have to pay the rent whatever state the property is in. But although this may inevitably be true, it is not really a good way to think about it. A good landlord would want their tenants to be happy where they are living. Also, if your tenants aren’t happy with the state of the property, due to low maintenance, then it is highly likely that they will constantly be hassling you to fix things and sort things out, and no landlord wants that. Also, chances are quite high that your tenants will begin looking for other accommodation, perhaps somewhere that is maintained properly, at which point you will be left without any tenants and any income, all for the sake of a few pounds.

3) More Rent – A property that is maintained well and to a high standard will obviously be able to pull in more rent. Tenants will often look for a place that has the edge over the other places that they have looked at and even if it costs a little more, they would usually rather live somewhere nice and well maintained than in a ‘run down’ old house that needs a lot of work.

4) Health and Safety – If you don’t maintain your property properly and it is found that there are health and safety problems then you could get yourself a large fine or even sent to prison. Maybe there is a gas leak that you refused to have fixed because it cost too much money; this could mean the end of your career as a landlord.
Hopefully you can see from the points we’ve listed above that it is extremely important to maintain your property well, as well as beneficial to yourself (the landlord) in most cases.

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