In order to establish yourself as a landlord there are a number of laws, regulations and general tips you’ll need to learn before you can meet the legal requirements or be able to be a good landlord.
Unlike owning and living in your own home, being a landlord requires you to perform a number of legal responsibilities, such as a yearly safety check on your electricity and gas installations. You’ll also need to provide an energy performance certificate, ensure that all of your household items meet the minimum fire safety standards and that there are adequate fire exits, and purchase landlords insurance. In addition to these few points there are a number of others which you’ll need to know.
In addition to meeting your legal requirements, performing a good job is essential for a business which relies largely upon reputation, which means that your number one priority is make sure that any tenants you have are satisfied with their accommodation and rental policy.
To keep your tenants happy you’ll need to look at your contract to ensure that it isn’t going to be viewed as unfair. You’ll need to make sure that the decorations aren’t offensive to the majority of people who would be interested in renting your property.