When there is a Landlord looking to find a new tenant, you may consider them a landlord. They will be responsible for managing tenants too. Some of the things landlords do can be outsourced to the relevant professionals such as letting agents or property managers. Either way, a landlord must understand most of the basics surrounding a property business if they want to start landlording like a pro without hiring any professionals.

What is the definition of landlording? Landlording is a term referring to the process of managing tenants and turning this into a profitable business. Getting good at this process is great for those who want to find the right tenants and maximise the amount they can make from a property business to begin with.

With the right strategy, landlording can become easy as tenants will remain happy in their space and stay in their tenancy for a long time.

In order to do things properly as a landlord, it is important you take extra steps to make sure you put in an extra bit of effort to keep tenants happy and ensure you’re efficiently running a property business.

If you’re able to make a property business better, then this is a good way to do landlording as you will place yourself ahead of the competition of other landlords.

Landlording is the process of managing tenants and growing a portfolio. In order to make the landlording process a bit easier, you should be familiar with some tips on how you can landlord like a pro. With property management, in order for tenants to get the required outcome throughout their tenancy, there is a price that the landlord has to pay to make sure they are landlording in the right way.

Tenants, whether that be those in an assured shorthold tenancy or those who are in a excluded tenancy, must be able to enjoy their space with some basic safety requirements which is a crucial part of landlording.

Managing tenants and most other things (if not all) will require that little extra to get the outcome that is desired. We cannot be surprised by a lack of success when there has been a limited effort when it comes to input.

So here are a few pointers on how you get landlording like a real pro!

Property Welcome Pack Imagine, you have just spent a sizable figure on renovating your property, found some fantastic tenants and agreed on a brilliant return when it comes to the actual monthly rent. Unfortunately, tenants are always contacting you asking the basics: when is bin day? Where are the mains? And the list goes on.

By having your own welcome pack in order, you can reduce the questions and allow for self-diagnosis. Fewer questions, less time wasted, and everyone will be happier doing things independently instead of waiting for a response. Unless there are other bigger issues like there needs to be a boiler change or their property has a leak in an emergency, a landlord wouldn’t need to be contacted.

There are also some legal documents that you have to issue a tenant with. These include the how to rent guide from a tenant, the energy performance certificate, deposit protection information alongside a copy of the property licence (if you need one in a HMO for example). If you deliver this alongside a welcome pack you will be well on your way to making sure you reduce the number of complaints.

Repairs and Maintenance Management Having the right team on hand is key. In order to be a good landlord, it is common for you to find the process of managing tenants problematic. As a result, using a property management software can be vital in reducing headache, using Lofti the first three-in-one property management software, users can benefit from having their own contractors ready on the system to attend to any maintenance job that requires a professional.

Not only this, but Lofti can deal with emergencies so you don’t have to live in fear. If your team cannot get to the emergency, Lofti has its own trusted and vetted network of professionals available to help any property manager should they need a last-minute call!