At first sight, going DIY may seem like a great idea to save you some money, and in most cases that’s true, but is it the same for Landlords?
Well, the short answer is no, not if they don’t know what they are doing. If it’s your first time setting up that IKEA drawer, you’re not going to be an expert, the same applies to landlords.
Taking the risk to save some pennies – may cost you a lot of pounds in the long run, and why is that you may ask?
There’s many common mistakes landlords make when they go DIY to save some money, and here are some of them:
Marketing
It’s more than just uploading pictures to a Facebook page, which is what many landlords unfortunately don’t understand. Marketing is one of the best tools available to get new customers and have a wider reach with properties – but only if done right.
Maintenance
If the landlord doesn’t have money saved up for the correct maintenance fee of a property to keep it in good condition, then things will only get worse. The same applies to buying cheap housing materials e.g flooring, taps or fittings, only to have them replaced more often because of the bad quality, whereas a good quality product would serve longer.
Knowledge
Many landlords just don’t have enough experience and knowledge, which could cost them a lot of money in the long run. For example, knowing tradespeople who are able to fix that boiler on a late Sunday evening, whereas new landlords only use selected trade contacts that may not be available.
At Beyond, we make your life easier to and do all of the above, but we also go beyond with the following things:
We are the point of contact for tenants, and the tenants have a point of contact available all the time, meaning your holiday doesn’t have to be interrupted!
We use a Modern CRM System that works for the Landlord, the system is called Property File, and this is exactly what we mean when we say beyond, not to mention we also use an interactive 24/7 application for tenants and landlords!
We are up to date with industry standards and the protocol so you don’t have to worry about being non-compliant, meaning you’ll also encounter fewer legal problems as we have an in-house legal team, which for example can ensure that rent is paid on time and we are able to track on late payments or chase payments with correct industry letters.
We keep maintenance costs to a minimum, and we maximise the investment. Having contractors means we can hand over discounts to the landlords from the approved contractors, and at the same time we maximise the investment return by constantly being in tune with the current market rate.
Peace Of Mind
Lastly, but certainly not least, peace of mind. With us, you can relax with a peace of mind knowing that we will take care of everything in the correct manner to the best of our abilities at all times! And that’s a fact.
We’d be happy to offer you a free review of your rental property/properties and highlight where you can save money but also protect your assets.
Call us today on 0161 222 8852, email enquiries@jayr50.sg-host.com or leave us a message.