Some tenants are a dream for landlords – others are a nightmare!

Here are the top 7 horrors for landlords this Halloween, and how a property management team could help you avoid them:

  1. Tenants who never pay on time.

How can you meet your mortgage payments if your tenants don’t pay on time?

Some tenants have every excuse in the book – from family problems and car breakdowns to waiting for payments for work or benefits.

A property manager who knows your tenants well and knows their circumstances, can help you differentiate between genuine problems and excuses. The best managers, like Louvain Properties, can guarantee you get your rent on time.

  1. Renting to party animals?

Loud noise and music at all times of the day and night can mean a local authority’s noise control team is called in or the police are called.

This can be a worrying and exhausting situation for a landlord and neighbours.

A good letting agent who carries out effective background checks can help to filter out problem tenants like this.

If they’re called into an existing problem, they can act as a liaison with the authorities for the landlord and ensure tenants comply with the terms of their tenancies.

  1. Tenants who disappear owing large amounts of back rent.

Having to involve an external debt collection agency or a private investigation firm to track these tenants down can be costly.

Far better to hire a property manager who vets potential tenants effectively to nip this problem in the bud – weeding out those without good financial references – and who get you your money, reducing your risk. Louvain Properties also offers debt collection on a ‘no collection, no fee’ basis.

  1. Trashed properties.

There are internet tales of stolen pipework and boilers, smashed baths and sinks, fires set in floors, and graffiti.

A pro-active property manager who vets tenants and carries out regular inspections can cut down on the risk of problems like this.

  1. Tenants with fake references.

This can be the root of many problems like late payment and poor behaviour – and a property manager will rigorously check references to help you ensure you get good tenants with a track record of prompt payment and keeping properties in good order.

  1. Chronic complainers – no matter what you do.

We’re talking about those who always have a long list of gripes, even though a landlord makes repairs promptly and keeps their property in a good condition.

Your manager can act as a buffer between you and these tenants.

  1. Tenants who don’t inform their landlord about problems.

How can you fix a broken shower or a smashed window if you don’t know about it?

Your property manager will keep an eye on the fabric of your building with regular inspections.

Want to avoid bad tenants turning your property into a house of horrors? Take a look at our services for landlords here: http://louvainproperties.co.uk/services/.

 

putting off potential buyers

putting off potential buyersHalloween is fast approaching and it’s got us thinking about the things potential buyers see as horrors.

So, we’ve drawn up our top 10 turn-offs for people during property viewings – so you can avoid them and sell your home:

 

  1. Pets – their fur, their smells, and their…well, leavings! Clean your property thoroughly before viewings, keep pets out of the house when potential buyers are looking around, banish the litter tray or the dog bone, and don’t leave bowls of pet food in the kitchen. It’s the number one turn-off for house buyers. Don’t forget that some would-be buyers might be allergic to animals or be frightened of them.
  2. Bright walls – you may love that bright orange paint, but your potential buyers may not! If you want to sell, it’s time to take some of your personality out of your home. Make it more neutral to appeal to more people. While you’re selling, you could add colour to your home with soft furnishings such as throws and cushions, or rugs. These are things you can take with you to your next property.
  3. Rooms strewn with toys – although creating a family feel is good, a cluttered room looks smaller and people need to be able to imagine themselves living there. Help them do that by clearing toys away.
  4. Cooking smells – think liver and fish as some of the main offenders. Lingering smells don’t help your cause. On the other hand, the smell of freshly baking bread and coffee tend to have the opposite effect. So, make sure your home is properly aired for viewings if you enjoyed a curry the night before.
  5. Cigarette smoke – a big no no. If you smoke inside, your viewers will smell it even if you open all the windows. Many people smell cigarette smoke and assume they will have to throw out carpets and repaint the whole house because they don’t want to live in it. Smoke outside while you’re selling and have your house thoroughly cleaned. You may well also decide to paint to cover any smoke stains.
  6. Messy bathrooms – a clean and tidy bathroom is huge selling point. Clutter it with make-up, toiletries, and cleaning products, and you’re not helping your agent during viewings.
  7. Unfinished DIY – it will make your buyers think they can knock you down on price because more work needs to be done than they had anticipated. Complete it!
  8. A shabby porch or front door – kerb appeal is hugely important. Get that repainted and tidied up as it’s your first chance to make a good impression.
  9. Dirty windows or curtains – sparkling windows say a home has been well maintained. Dirty windows say the opposite. It’s also such an easy thing to fix.
  10. Too much furniture – if your rooms are crammed with furniture, they will look small and poky. Put some of it in storage to free up space while you’re selling.

 

Can we help you sell your home? Call our local property experts on 01495 619811.

 

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How to make viewers fall in love with your home as Valentine’s Day approaches, an estate agent’s thoughts turn to…how to make people fall in love with your home.

Our experience has taught us there is a house love potion formula to help all our sellers get the right people to feel that special connection with their properties.

Here’s our formula:

P+L+C+W+G = S

  • Right asking price – P
  • Excellent location – L
  • Clutter-free rooms – C
  • Bright and welcoming – W
  • Room to grow/add value – G
  • Successful sale – S

How can you get the right elements for our formula?

Right asking price – Experienced agents who know the local market, including the ceiling prices in your street, will help you get the asking price right the first time. Then, there’s be no need for reductions and no fear you could have achieved more.

Excellent location – We’ll help you sell the local amenities, services, schools, and the lifestyle people could have if they buy your property. That could mean stressing the walks buyers could take, the great schools their children could get access to, or the convenient shopping centres. We do our research on our potential buyers and tailor our pitches to appeal to their individual needs.

Clutter-free rooms – Our agents will give you honest advice about where you could, and should, declutter. It’s one of the worst turn-offs for potential buyers.

Bright and welcoming – We’ll help you create kerb appeal, decide where to freshen paintwork, and whether to change colours or soft furnishings. A welcoming feel is so important when people make their decisions on properties within seconds of seeing it.

Room to grow or add value – This is something we can help you identify and which we can then sell at viewings. There may be potential for a loft room, cellar conversion, or extension.

Which parts of a property do people love the most?

If you’re considering adding some extra value and cosmetic appeal before selling your home, concentrating on four areas of the home would help get the most impact for your cash.

The kitchen – Having an eat-in kitchen is a key tick box on the list of many home buyers, so upgrading your existing kitchen could help you attract the best price for your property. You’ll need to take advice from a local agent about how much value you could add, and then decide how much you should spend on the work.

The bathroom – Looking to sell the lifestyle your buyers could have? A refitted bathroom could help your buyers imaging themselves enjoying your home. Advice from your agent will help you set a budget.

The lounge – This is the area where most people would spend most of their time. A welcoming, light, airy, and attractive lounge will make a great impression. You’ll need to decide whether that means new plasterwork and flooring, or simply a lick of paint.

The entrance – Make a fantastic first impression with a new front door and clutter-free hallway.

Need help getting some love for your property? Call Louvain Properties on 01495 619811.