Nuneaton Landlords – It’s Christmas! What’s the worst that can happen?

Phones at the ready….

Well, from experience, there’s a lot that can happen on the run up to and over Christmas with rental properties. Where shall I start? I had a tenant call on 20th December one year to say the oven had stopped working and they had 6 people coming for Christmas dinner. Cue me pressing the Curry’s speed dial button on my phone and paying an extra £50 for delivery on Christmas eve. Ouch!

As with any time of year, with any property or tenant, things can be unpredictable. What is important is that we are prepared for it (or as prepared as we can be). Pick up the phone, have a chat with your plumber / electrician / maintenance person to make sure they’re going to be around over the festive holidays and ask if you can call on them if you need to. Find out what the additional call out fees are on a bank holiday just to make sure you’re informed.

Also, give your tenant a call and make sure there’s no maintenance issues that they’re aware of. Better still, go and do an inspection to see for yourself. This will enable you to be in control of any issue and nip it in the bud before that small problem becomes a big problem over Christmas.

If you’re with an Agent, give them a call or email and check in with them before they break up for the Holidays.

If you’re not with an Agent but would like to be, then give us a call! We’re always free to chat & offer investment and property management advice.

Have you protected the income from your Nuneaton property investment?

I’m sure you’re all aware how difficult things are becoming with rental properties (thanks to COVID-19). We’re now having to give tenants 6 months notice and can’t accelerate evictions until they are in 6 months rent arrears!! Like it wasn’t bad enough before when tenants were in arrears!

So, with this in mind, I thought it would be the perfect time to encourage you all to look into rent protection, which can be added onto your building or landlords insurance from around £5+/month.

It’s worth every penny if you ask me. Especially with what’s happening at the minute. Our lives are changing on a weekly basis and many people are sadly loosing their jobs, which will inevitably impact the landlords who are renting out their investment properties.

The rent protection that you get may even cover legal expenses and eviction costs so please, take some time and get a quote for this to help protect you and your investment income.

I know I often have an air of sarcasm in my blog posts but I feel it I have to say to everyone out there….Be Kind! It’s such a rubbish time at the minute, for all of us so, let’s all do our bit and be the best people we can be.

For more life coaching and motivational talks, please get in touch ;-)….there’s the sarcasm again!

If you need contacts for quotes on insurance, please let us know and we’re happy to recommend.

All the best,

Melissa