Large commercial enterprises and landlords who let a number of properties comprise the main clientele of property maintenance companies. These service providers also cater to domestic clients who have been seconded to work abroad for 12/18 months or longer, and decide to rent out their homes.
Those who have purchased a second property under the buy-to-let scheme also find the services a property maintenance company indispensable to their long-term peace of mind.
Letting Property is not just about Collecting the Rent
As soon as you let property to a third party, there are a range of legal requirements which have to be met. This is where a good property maintenance company can save you a lot of worry and potential problems in the future.
To start with, you need a property maintenance company with good knowledge of landlord/tenant law that can check the property prior to letting. Pointing out problem areas and offering solutions before you accept your first tenants can make life so much easier for everyone concerned.
Areas of concern include possible health hazards such as faulty drain and sewage pipes both inside and out. Property managers also help ensuring the safe operation of gas boilers, and all gas appliances such as fires and heaters. They may also oversee electrical wiring and the safety of electrical appliances provided for tenants. Efficient fire alarms, fire exits, and smoke detectors should then be fitted, and all pieces of furniture you have supplied evaluated to ensure compliance with fire retardant laws. That still does not include, however, furniture bought into the property by the tenant.
What Lies Outside
While landlords have a responsibility for the safety of tenants in their property, they have always been responsible for the exterior maintenance of the building. In an area such as Coventry, which has a high proportion of student tenants, many companies that undertake property maintenance spend a portion of that time keeping the grounds in good condition as well as the building exterior.
Peace of Mind
If you are letting to young students, engaging the services of a reputable property maintenance company such as Trade Squad Ltd in Coventry can provide you and your tenants peace of mind. The majority of these companies offer a range of packages including emergency call-outs, basic maintenance, and full repair options. Best of all, property maintenance costs and the costs of repairs carried out are all deductible from the rent before tax. Peace of mind for minimum cost:Can it get any better?
Sources
Avoid a money pit: make a buy-to-let property tax efficient, The Telegraph
Nine ways to increase your buy-to-let profits, The Telegraph
