We’re now well into the autumn and it won’t be long before temperatures plummet and the weather becomes inclement.
During this time of year, properties can become more vulnerable to damage and deterioration, which could cost you financially in the long-term.
As a landlord, there are a range of things you can do each year to keep your tenants safe and ensure the condition of your rental property.
Here’s our rundown of three of the most important…
1. Maintenance, maintenance, maintenance
Insulation, drafts, pipes, guttering, boilers – the list of things you need to check and maintain goes on and on. During the winter you will need to stay on top of all maintenance issues and react to any reported problems as quickly as possible in order to reduce the chances of long-term damage and financial implications.
You can do this by making sure you or your letting agent visit the property regularly over this period, as well as encouraging your tenants to report any damage or maintenance problems as quickly as possible so they can be dealt with accordingly.
2. Know what your tenants are doing
Even more so than usual, void periods during the winter months can be particularly damaging for a landlord’s property. If a home is empty, problems could start to arise unnoticed and existing issues are more likely to intensify. What’s more, at this time of year the property will need to be heated and ventilated on a regular basis.
If the property is left empty you will need to know so you or your letting agent can visit and check for damage while maintaining it. Therefore, it’s crucial that you know if your tenants are going away for any length of time so you can plan to look after the property. If you have student tenants or young professionals, you’ll need to bear in mind that they are likely to be away over the Christmas and New Year period.
3. Think about insurance and have contacts ready
At a time when your property is more susceptible to damage, it’s also wise to consider your landlord insurance. Is your policy comprehensive enough and do you know exactly what it covers? If you’re not confident in your insurance then it could save you time, money and stress down the line to take out a new policy now.
As mentioned above, it’s important to respond to any maintenance or damage issues as quickly as possible during this period. Therefore, it’s crucial that you have a selection of trusted and reliable suppliers and tradespeople that you can turn to in times of need.
By incorporating these three tips into your winter schedule, you can increase the chances of keeping your property in good condition over the next few months.
However, this list is by no means exhaustive and if you would like further guidance on how to protect a rental property this winter, please get in touch with Letting Solutions on: 01506 496006.
To find out how much you could be charging in rent each month, you can request a free and instant online property valuation here.