Whether you consider yourself a landlord or not, if you collect money in exchange for someone staying in a property you own, you are a landlord.
As a landlord you want to know the best way to let a property. Being a landlord doesn’t need to be a minefield. Tenant issues, tenant disputes or tenant problems whatever you label them you need to keep these to a minimum.
Whether you let your property privately or through a letting agent, as a landlord there are a number of key steps you must follow to make sure you are protected.
It’s important to do your research and ensure you’re charging the right amount of rent, have a tenancy deposit in place and have adequate insurance cover. Key questions you should be asking yourself are: How to furnish my property? What kind of a tenancy deposit protection do I need? Do I need to tell my mortgage lender I’m renting my property?
Luckily Total Landlord Insurance has put together a video with a check list on everything you need to have in place before you let your property.