After doing some research, we found out the most common causes of stress for Landlords when renting a property.
According to UK Landlord Survey 2021, 73% of landlords said that it was extremely difficult to find a good tenant.
This can be difficult especially for the new landlords or for landlords that they are in a hurry to rent the property.
However, most of the landlords will face difficulties at some point during the tenancy; it can be due to the bad choice of tenants, property damages, evictions or deposit disputes.
Of course, every landlord wants their rental investment to run smoothly and stress free. We, at Tollumi Estates, after many years of experience, can manage all the issues on your behalf, so you can have no worries about your investment.
Let’s explore the most common causes of stress for landlords:
A recent study says that 75% of landlord found the experience of letting more stressful than anticipated. With over 7 million properties predicted to be rented by 2025, landlord stress is on the rise. After many stories about nightmare tenants refusing to move out, homes left in disrepair and so on, landlords can be put off investing in a BTL. However, rental properties are in high demand, therefore many people take a leap and let out their properties.
Common causes of stress when letting out your property:
- Advert : you need to create a high quality advertisement to attract high quality tenants. Photos and description must be clear and the rental price must be competitively on the market. Also, it is important to post it on as many as online property portals alongside with other marketing channels.
Tollumi Estates is marketing widely on all major platforms as well as other channels; we also have a list of tenants ready to move in.
- Choosing a suitable tenant:
It is stressful to choose the best tenant from a pool of prospective clients. Choosing your tenant for the next 1 year or more is a huge decision and will have high impact on your landlord experience.
You will have lot of questions in your mind, like: will they pay on time, will they keep the property clean, will they like to stay for long term, etc.
We, at Tollumi Estates, can provide you with a stress free experience as we can do all the checks, including financial affordability of tenant, references, checks of previous behaviour in the property where they lived before, regular inspections of your property to ensure they keep everything nice and clean.
- Maintenance issues:
Now, that you found a good tenant, next stressful situation that you may encounter is about keeping the property safely maintained. This can be stressful especially when it comes to emergency repairs.
Tollumi Estates have an extensive list of reliable tradespeople, available 24 hours a day for maintenance issues and emergencies.
Also, all the Certificates must be up to date (Gas, Electric, EPC)- we also have Gas, Electric and EPC engineers, ready to help.
- Unpredictable circumstances:
In case of any issues arising, we are here to help. Due to our vast experience in lettings, no problem is too big for us.
Rental properties are an amazing long-term investment, but they have their difficulties sometimes. However, with Tollumi Estates by your side, you can enjoy a hassle-free experience as a landlord.
