Tel: 0151 280 4047 | Email: welcome@homelets.co.uk

HIRING CONTRACTORS: A LANDLORD’S GUIDE TO FINDING TRADESPEOPLE YOU CAN TRUST

 

Whenever you ask someone if they know a good contractor, you’ll never be far from a tale of woe: the plumber who never turned up; the electrician who bodged the job; the builder who overcharged and left a huge mess.

 

It’s taken us many years to build a circle of reliable contractors, and we’ve had plenty of upsets along the way. Unfortunately, even the good ones go bad, get too busy, or simply disappear, so we keep our eggs in more than one basket to ensure we have a backup plan.

 

One thing that makes the life of a managing agent easier is that we look after multiple homes. Our calls take priority because of the amount of work we provide through regular maintenance, compliance checks, general repairs and, of course, the odd emergency.

 

It can be more challenging to build close relationships with contractors when you’re a landlord with a single rental property or a small portfolio, but with our checklist of tips, you’ll find it easier to spot the ones you can trust.

 

And if you’d rather someone else did all the legwork, why not ask us to take care of everything for you? Call us on 0151 280 4047 or drop us a line at YOUR EMAIL to see if we’re a match.

THE NICHE LANDLORD: PERFECTING A LETTINGS FORMULA FOR REPEATED SUCCESS

 

Specialise or diversify? That's a big question for many landlords when it comes to expanding their portfolios, and if you look around Google long enough, you'll find arguments for both.

 

You don't have to have a niche. You could choose a wide spread of property types across multiple locations, but you'll undoubtedly become more knowledgeable with some sort of specialty, and you'll find it easier to manage your portfolio.

 

Of course, every property will give you a yield, whether it's flats over shops, ex-local authority homes, swish new developments or classic traditional houses. There's a demand for all of them, and we're never going to run out of families, professional couples, sharers or single people to live in them. However, there's definitely an edge in picking and perfecting your market.

 

Many of our landlords choose to specialise in a particular location and type of property because it makes their lives easier. By developing an expertise in their chosen marketplace, they know exactly what attracts the tenants they want, which gives them an enjoyable and profitable business.

 

You're always welcome to get in touch for some friendly and expert advice anything buy-to-let – call us on 0151 280 4047 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.. Meanwhile, read on for the steps to building a niche portfolio and the benefits of having one.

SOLD WITH TENANTS: YOUR LANDLORD CHECKLIST FOR BUYING A TENANTED PROPERTY

 

As a fast and chain-free way to start or add to your lettings portfolio, buying a tenanted property can be an attractive proposition.

 

Usually, when you buy a property to rent out, you’ll need to have it cleaned, fix any repairs, get it on the market, show people around, take up references and create a tenancy agreement before seeing any income. But that’s all taken care of when the property you buy already has a tenant.

 

However, you’ll also inherit every outstanding responsibility of the previous landlord, and you need to be sure that the property and tenancy are all they seem. Do the figures stack up? Are you happy with the tenant? Will you be taking on unresolved problems or disputes?

 

Before you make an offer and start incurring legal fees, use our checklist here to ask the right questions and get the story straight. If you’ve already got somewhere in mind and you’re wondering whether it’s a good deal, call us on 0151 280 4047 or drop us an email at This email address is being protected from spambots. You need JavaScript enabled to view it. for a confidential chat – we’ll help you decide if a property is right for you.

ACCIDENTAL LANDLORD? ALL YOU NEED TO KNOW TO MAKE IT A SUCCESS

 

Not everyone sets out to be a landlord, and becoming an accidental one is more common than you might think.

 

An accidental landlord is someone who becomes a landlord by circumstance rather than by plan, and it can happen for several reasons. You could be relocating for work, moving in with your partner, or having trouble finding a buyer for your current home. Or you might have inherited a property.

 

Being a landlord can provide you with an unexpected passive income stream, but there’s a lot to know before you get started. Lettings legislation is complex, forever changing and comes with plenty of responsibility, so it pays to be informed to make your transition from property owner to landlord as smooth as possible.

 

We’re here to help you get started, so call us on 0151 280 4047, drop us an email at This email address is being protected from spambots. You need JavaScript enabled to view it., or simply read on for an introduction to becoming an accidental landlord.

LETTING AGENTS: HOW TO PICK THE BEST ONE

 

Whether you've been a landlord for years or you're just starting out, finding a letting agent you can trust and build a long-lasting relationship with is a big deal.

 

Renting out your property is about so much more than just money and business. As well as wanting an agent who can find you the perfect tenant, you're sure to have feelings around confidence, connection and communication. None of these are financial concerns, but our experience tells us how prized they are by all of our landlord clients.

 

Letting agents will be competing for your business left, right, and centre, so how do you begin the selection process? Having a list of standards is a good place to start, and these five factors will help you narrow down the field and choose the best letting agent for you.

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