Buy to let landlord
With the current economic recession, it makes sense that landlords rent out their properties and earn a rental income of it. But when doing so, they need to bear in mind that they purchase buy to let landlord insurance as it safeguards their property as well as the personal belongings lying within. Following some simple tips will assist you.Make sure you review your rent regularly so that it is well within the stipulated rules and regulations. If required, you may increase the rent. You may want to take tax advantage of the tax incentives and check out the insurance premium rates offered by various insurance providers.A landlord can ensure that the insurance premium is low if they fit in security and tracking devices like fire alarm systems, burglary alarm systems. A landlord should make sure that the repairs are carried out correctly and within the stipulated time, the kitchens and bathrooms are up-to-date and modern. As a landlord, you should ensure that your tenants are happy and the tenant on the other hand will remain loyal to you by clearing monthly payments and dues on time.
Published: 14 June 2010, 7:00