As the recession changes the face of lettings, an experienced landlord from Surrey has written a No Nonsense Guide to Property Rental.
Sodrul Bashir, 27, a takeaway restaurant owner who manages commercial and residential properties, said landlords waste hundreds of pounds on legal fees and processes that could easily be saved with a few simple steps.
The e-book is available to download at www.the-pro-landlord.co.uk alongside a series of solicitor-approved downloadable legal templates for landlords to use – saving them hundreds of pounds in legal fees. They include tenancy agreements and notice to evict documents such as a Section 21 notice to leave, which is enforceable in court.
Sodrul said: “Property prices have stagnated and landlords can no longer rely on the money they’ll make from uplift in property value… it’s more important than ever that they run their property portfolios profitably. Avoiding basic pitfalls will make a massive difference to the bottom line.
“It’s amazing the mistakes people make –some have been in the industry a long time without ever taking advice. I work closely with the Bengali community and when it comes to lettings they’re very vulnerable… language barriers often prevent them getting the advice they need and many are making simple but very costly errors.
“There’s also been a rise in ‘accidental landlords’ – those who can’t sell their properties and choose to rent them out instead. When I started in the industry almost 10 years ago there was no comprehensive guide to help me… I’ve learnt the hard way but I hope this book will make it easier for others.”
The e-book, which has also been translated to Bengali, features advice on making savings with maintenance and repairs, arranging the right kind of mortgage, marketing to new tenants, insurance, deposits, inventory, rental arrears and eviction.