Unlock DIY Landlord Success: 6 Essential Contacts You Need in Your Network
Being a DIY landlord is a serious business, and having a strong network of reliable contacts is key to your success. Discover the top six essential contacts every landlord should have readily available. From emergencies to everyday needs, these contacts will empower you to navigate any situation with confidence. Elevate your landlord game and secure your property management triumphs today!
1. Letting Agents
I know what you’re thinking, letting agents? Dishonest, plain and simple. And don't even get started on their crazy fees and those unexpected surprise charges
@%£*?!….
Well you've got a valid point there, to be fair. However, it's important to keep in mind that this only applies to a very small portion of agents in the industry. On the bright side, there are still ways to make use of agents to help you find tenants. Many reliable agents are members of various listing platforms, which gives them greater exposure but comes with a cost.
Here's an alternative choice: you have the option to list your rental property through online agents or take matters into your own hands by listing it yourself on these platforms. By doing so, you can save some money in the process. The challenge is deciding which websites to use, as some are free while others have associated costs. Below is the latest price info I gathered from different listing platforms:
Oh, and one more thing—don't underestimate the importance of allocating sufficient time for tenant selection. It's a critical process that requires thorough checks and considerations.
👉 Go here for more details on 10 website to advertise your rental properties.
2. The Inventory Clerk
One of the biggest mistakes landlords often make is neglecting to conduct a comprehensive property inventory report at the beginning of a tenancy.
⚠️ Skipping this step can lead to unnecessary expenses and disputes with tenants when it's time to end the tenancy. That's why inventory reports are crucial and every landlord and tenant should ensure its presence.
When it comes to end-of-tenancy repair disputes, what evidence an adjudicator seek to consider the dispute?
Here are some key factors that an adjudicator may consider:
Tenancydepositscheme.com (one of three Government approved deposit schemes) states the following:
Few types of evidence:
1. The tenancy agreement
2. Inventory reports & check-in/check-out inspections
3. Photographic/video evidence
4. Invoices/receipts/estimates/quotations
👉 Go here for more details on Tenancy Deposits, Disputes and Damages
DIY Inventory
If you want to do your own inventory, you might want to use Easylist. It allows you to create detailed and accurate Property Inventories and Check-In/Out Reports in minutes. Not only is it a more affordable choice compared to traditional approaches like hiring an independent clerk, but it also saves you valuable time, taking only a fraction of the hours required.
We are delighted to provide you with a FREE inventory list service, made possible through our partnership with Easylist.
But that’s certainly not why we are sharing their service. Our genuine concern is finding the best solution that meets your needs and ensures the utmost security for your property. Please feel free to share any other recommendations or preferences you have.
*Please note, we try our best to keep the information of each service up-to-date, but you should read the T&C's from their website for the most up-to-date and accurate information.
Using an Inventory Clerk
Being a landlord is a full-time job, and while doing your own inventory report is a cost-effective option, it's worth considering the benefits of hiring a professional inventory clerk. Their impartiality carries significant weight with adjudicators, making it a valuable investment for landlords.
💰As a general estimate, you can expect to pay around £99 for an unfurnished property and approximately £150 for a furnished property. It's always a good idea to explore different options and compare rates to find the best deal available.
3. The Insurance Company
Taking care of your rental property is crucial, and that means making sure it's properly protected. Having a dedicated insurance policy for your rental property is essential. It provides coverage for a variety of situations, including tenant injuries, property damage, and legal costs associated with repossession.
'Don't underestimate the importance of having comprehensive protection for your investment. It's better to be prepared and secure than to face unexpected challenges without the right coverage.'
📃However, it's essential to carefully examine the insurance policy details to determine what repairs are covered.
⏰ Additionally, keep an eye on the expiration date of your insurance and consider exploring better deals ahead of time.
🍀 To assist you in this process, you can quickly set up FREE renewal reminder for all your landlord products&features.
4. Handyman / Maintenance Contractors
Ever been caught off guard by a call from your tenants about a burst pipe?
Feeling helpless in the chaos, frantically searching for emergency plumber contact details?
Sound familiar right...
We totally get where you're coming from!
For DIY landlord, having reliable tradespeople in your contacts is absolutely invaluable. When your tenant contacts you via email, text, or phone with an issue, they expect a speedy resolution. However, it's also in your best interest to address the problem promptly, as delaying it can result in more significant complications down the line.
Try Zeroox, allows you to save a list of favourite contractors for each rental property. You can easily access, call, text, or email them whenever needed. At the same time, keep your tenant update about the repair progress in real time, without even a click, we do this automatically. No more back-and-forth communication or wondering about the status of a repair. It's all taken care of.
🫶 Oh, you can also access your Home Maintenance Records anytime you need. These records are like your personal proof of all the regular upkeep and repairs you've done, and they'll come in handy if any end-of-tenancy disputes ever come up. We've got your back!
5. The Accountant
Absolutely! Being a landlord is just like running a business. And you know what they say, every successful business needs a reliable accountant. With the ever-changing tax laws in the property market, it can be a bit overwhelming. That's why we recommend finding an amazing accountant who can save you from the tax man, maximize your allowances, and guide you in structuring your business to benefit you and your family. Stay ahead of the game and keep your financials in top shape!
6. The Solicitor
- Unleash Hidden Opportunities: Maximum Portfolio Growth
Well, no worries! If you streamlining your business well, a solicitor can assist in expanding your portfolio.As a landlord, seizing hidden opportunities swiftly is crucial. Find a diligent and fast-paced solicitor to stay ahead of competitors.
- Protection of your investment
Well, we can't deny that conflicts may come up.
If something goes wrong with your tenants, it's always good to have a professional to turn to.
When problems arise, the key is to communicate openly and respectfully. If a solution feels out of reach, don't hesitate to seek legal support. A reliable solicitor can be your trusted ally, safeguarding your property and bringing you peace of mind.
Relax, we've got you covered!
💡 At Zeroox , we have our approved panel of solicitor that we can recommend, all you have to do is leave us a message or give us a call, and we'll arrange a call back from our approved panel of solicitors.
Disclaimer: I'm just a friendly blogger. Anything I share on here is purely my unqualified opinion and should never be taken as professional legal or financial advice. When it comes to important legal or financial matters, please do yourself a favour and seek guidance from a qualified professional. Stay smart, stay safe, and always consult a pro for serious stuff. Cheers!
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