SarahBeenySpringIssue2017 - 68
Sara Bell, 46, recently sold a ﬂat
in Muswell Hill, north London. It
had two bedrooms and was let
to a professional couple.
'I'd say make sure you check
everything before you give the
deposit (bond) back to your
tenants,' she advises.
'I didn't check the appliances
to see if they still worked
and only discovered that the
dishwasher was broken months
later - by which time it was
too late to do anything!'
'TAKE OUT SPECIALISED
Maria Sanchez, 35, has changed tenants in her
Cambridgeshire terraced cottage. It is an older
property with two bedrooms and a small garden.
'I would always recommend that landlords get
proper landlord insurance cover. You'll be surprised at
how much maintenance there is to do over the year.
'I have just started a new tenancy and in the ﬁrst
month, have had to call out a locksmith, a roofer, a
plumber, pest control and an electrician! It's cost
a fortune and I could have saved myself loads of
hassle and money by getting a simple policy that
would have covered all of this.'
'BE AWARE: STUDENT
TENANTS ARE LIKE KIDS'
Charles Bower, 51, lives with his partner Claire
in Southsea, Hampshire. They own a house in
Portsmouth, which is let to students.
'I fell in love with the house a year before we bought
it. It was a "heart" as opposed to a "head" decision. The
previous owners were letting it to students, so I reckoned
we would ﬁnd tenants easily. My oﬀer was refused, but
a year later it was back on the market again.
'Owning a rental property is harder than you might
anticipate. Tenants can be unreliable and may not treat
your property with the respect you'd like. There are
always problems - with plumbing, heating, electrics,
leaky taps, blocked drains... make sure you have a list
of reliable handymen who can go in quickly.
'Letting to students is like having children! We ﬁx
up the place every summer and when they arrive in
September, it looks fabulous. But by July the following
year, it's looking ropey again!'
068 | MAY 2017
'SIGN A PROPER
Zac Grohl, 28, rents out his
house in Manchester as he is
living in Oxford for work.
'Never rent out a property
without a proper tenancy
agreement. Even if you have
found the tenants yourself,
download a comprehensive
agreement from the internet
making sure it covers every
eventuality you can think of.'
a business so
do your sums
- you will
to buy and
and tear that
will need to
after tax, you
to repay the
WORDS: VICTORIA SIMPSON, IMAGE: GETTY IMAGES
'MAKE SURE THE