While there are many people who hold a strong interest in becoming a landlord, viewing it as a viable way to generate income, there are many people who stumble into the role. The fact that so many people have become landlords are failing to sell property or after having received property from an elderly can be seen in the fact that there is a name for this term, “accidental landlord”. If you are an accidental landlord and you need help with your property, contact Williams of Petersfield and we will be more than happy to help you.
If you are in this position, it makes sense to weigh up your options. If you haven’t tried selling the property yet, this may be your first point of focus. If it is, Williams of Petersfield are on hand to help and we are pleased to say we have helped many vendors in Petersfield sell their home. Even if you have attempted to sell your home via other agents, come and speak with us, and we will see if we can assist you.
However, if you believe that you are better served by letting your property out to tenants, it makes sense to call on a firm with skills and expertise in this area. We are proud to say we have helped many landlords let their property in an appropriate and effective manner.
We can advise accidental landlords on their next step in Petersfield
It is important to plan and if you want to find out more about the local Petersfield lettings market, we can help. We can advise you on the latest rental fees in the local area, what standard of rental accommodation is on offer, who the most likely tenants are and what the expected rental yield of property in Petersfield is.
All these aspects are important to consider, and it may be that this information informs your next move in the market. If you decide to let your property, our assistance in helping you find the ideal tenant is essential because this dictates how you should present your property to the market.
Whether you want to appeal to a certain type of tenant or you want to let to a certain tenant, we can assist with the promotion and presentation. The rental market has changed considerably in recent years and many landlords find that families are expressing considerable interest in their rental property. If this is a market that you would like to let to, we can help.
Do you know a landlords’ responsibilities?
One major issue for accidental landlords is being aware of the responsibilities of a landlord. There are many legal requirements, many paperwork duties to be taken care of and there are considerable health and safety requirements associated with letting property. Ignorance of the requirements is no defence and will not prevent a landlord from being penalised, so it is important to be as fully informed about your requirements as possible. A recent study highlighted that landlords must comply with over 150 laws when renting property, so there is a lot to consider but this is an area where we are happy to help.
One very important that landlords must be aware of is that their standard home insurance won’t provide cover when renting property. There is a need to obtain specific landlord insurance. This represents another expense, but it does provide additional features and benefits that offer peace of mind and cost savings if problems arise.
If you are an accidental landlord in Petersfield and you need support in letting property or deciding what to do next, contact Williams of Petersfield and we will be more than happy to help.