topnav
header
navbar

Being a Landlord – Advice To My Future Self

Being A Landlord - Advice For Renting Out Your Home

When we were looking at houses to buy for our first home we had very specific criteria such as wanting a large garden for the dog and lots of space to be able to extend in the future, but I saw some amazing low priced houses sitting on the market for months that just needed a lick of paint and a bit of love to turn them into the perfect home.

Having rented for a lot of years in the surroundings areas to where I live now, I know exactly how lucrative it is to be a landlord based on now knowing actual house prices and mortgage payment rates. The area is rife with students needing somewhere to live during term time and young professionals moving out onto their own for the first time – you can make a killing renting out your house and I think someday I quite fancy being a landlord.

// We were really lucky that we had an amazing landlord for most of the time that we were renting, but we always had problems with letting agents and ultimately we decided to buy a house because we couldn’t stand our letting agents for one second longer. If it was just our landlord I’d probably be living there until I was 50, haha! So my first piece of advice to myself would be to shop around for the best letting agents – not necessarily based on price, but based on level of customer service to myself and my tenants.

// Lots of things got old and worn while we were renting our house and a few things broke over the years. Our landlord was busy raising a family so agreed for us to just replace items as and when and take them with us when we left. It was ideal for us, but when new tenants were looking around the house there was a severe lack of furniture that my landlord would have to shell out for all in one go. So secondly I would make sure I had a home inspection at least once a year to make sure everything was up to scratch in the house.

// Running just one house can bring some huge unexpected bills as we learned just before Christmas when our boiler broke, so owning two houses would be financially quite scary. I would make sure we had proper insurance in place for the very high chance that there was an emergency and something needed replacing. Homelet asked me to share their landlord’s insurance with you guys and they are actually the same company we had our renters insurance with when were renting. The fact that they have specific packages for landlords and renters makes me feel like they understand exactly what you would need if something went wrong. See their policies at https://homelet.co.uk/

// I think a looked after home encourages the tenants to take more care of the house as if it was their own so I would make sure the place was furnished well and decorated nicely rather than just as cheap as possible. IKEA has some great pieces for a really reasonable price so there’s really no excuse for old stained furniture in a rented home. I would want the house to have personality and feel homely so it always got snapped up really quickly by new tenants.

// Finally and perhaps most importantly I would always, always, always keep an inventory and take photos on move in day – whether I was a landlord or a tenant. This is such an important step when renting, but one that is so often overlooked because people can’t be bothered. Trust me when I say it will bite you in the ass when your tenants come to leave!

I’m even more excited at the idea of being a landlord someday after writing my ideas down instead of having them in my head, haha! I think I might have a little browse on RightMove
Loves x xx

posted by onetenzeroseven in Home and Pet and have Comment (1)

Renovation Thoughts and the Dangers of DIY

The dangers of DIY and women's thoughts on renovation

We’ve been doing tonnes of work behind the scenes transforming our old lounge/dining area into our dream kitchen diner/bar and I’m almost at a point where I can start sharing progress with you guys. I’ve learned a whole lot, mostly that things take so much longer than you think and that what seems like an easy job is actually bloody hard work!

There’s a lot of everyday sexism in renovation and DIY and even though I make a joke of it, I’m sick of hearing about how much our Dad’s “can teach Stu” about working on the house, despite being clearly more interested in learning stuff than he is.
At the moment Stu is limited somewhat due to some medical issues, but my Dad was adamant that Stu should be climbing some steps to put some filler around the ceiling, despite medically not being allowed, rather than me do it. Even the guys at the local tip treated me like some sort of lesser being when I was taking an old lawn mower to throw in the skip. “Oh I’m sorry love, I though you’d have someone with you.” It’s frustrating for sure!

Slater Gordon asked me to share their infographic about the dangers of DIY with you guys and it’s actually so interesting and useful (so many aren’t!) if you’re a DIYer or about to embark on a project at home, even if it is really simple! Thanks for doing the research for us Slater Gordon, I’ll definitely be more careful with MDF as I had no idea it was a health risk!

Dangers of DIY, what you need to know before renovating

I wasn’t at all surprised to hear that only 5% of women would tackle the electrics or plumbing. There’s not enough encouragement or education for women to learn to do these kind of jobs in their own homes and I think fear of the dangers of DIY has a lot to do with it.

I was shocked that only 4% of people think it’s extremely risky to replace an old shed or garage. When we had our home buyers report done before we bought the house we were told there was a high risk that the garage roof was made of asbestos and you honestly can’t tell by looking at it that it could be incredibly dangerous!

If you are working on a project at home, always make sure you know exactly what materials you are cutting into, what’s behind the walls and turn the electric off before going anywhere near sockets, switches and cables. Wear gloves for almost all jobs and invest in a couple of goggles and face masks to be extra safe – a few times I have been so thankful for my glasses when something has flicked off the wall towards my eye!

The risks of DIY definitely don’t put me off, but as a woman I do wish there were more chances to learn about the art of renovating your home.

Have you got plans to do any projects at home this year? Make sure you double check the dangers of DIY and if you’re unsure, always give it a quick Google!

Loves x xx

Related Posts Plugin for WordPress, Blogger...
posted by onetenzeroseven in DIY,Home and Pet and have Comment (1)