Why is being a Maidenhead Landlord so tough?

With rents in 2012 being stable, and in some cases dropping in 2012 and indifferent capital growth, landlords need to make sure their properties cash flow is managed as well as possible. You hear all the time tenants struggling to pay their rent, it is important as a landlord you make certain your landlord insurance policy covers you should a tenant not pay their rent and, forbid the thought, evict them. If you don’t have the correct cover for your individual circumstances, make sure you do some investigating and consider having more comprehensive policy. If you are taking on a new tenant and not using the services of an agent, take time to reference them properly. Don’t just rely on their character and a photocopy of a passport as proof of ID. We teach our new business owners on their three week training course that tenant referencing is extremely vital to mitigate future problems For landlords who have an existing tenant who is simply ace, but they’ve been with you are while and you are considering renting the property out to a new tenant, who might pay more rent, then all I can suggest is take care. It may be a much better idea to talk to your existing tenant about paying a bit more rent and may save you a lot of money in the long run. New tenants may be more demanding and mean you lose two to three weeks of rent in the void period. Worst still, they may get into financial trouble and end up costing you a fortune in non paid rent. Then again, you could leave at that trouble to an agent, the choices Mr landlord are yours … interesting though, 78% of landlords use them; they all can’t be wrong, can they?