IF YOU have decided to rent out your property there are some simple guidelines that will help you avoid the pitfalls.
First, ensure that the property is clean and tidy, that fixtures and fittings are in good working order and that any furniture is practical, comfortable and meets safety standards (see Legal advice for landlords).
Next, make a detailed inventory of everything in the house, noting any damage, as prospective tenants will check it carefully before signing it off.
The next stage is setting the rent. A quick skim through the accommodation section in your local newspaper will help, or go into a letting agency and ask for information on local rental property in your area.
It is probably best to get prospective tenants to pay their own bills as this will save money hassles in the future. Make sure that you state this in your advertisement, as well as any other restrictions such as no pets or no smokers.
The most troublesome stage is finding a suitable tenant. Be very clear about the type of people you are looking for. Many landlords avoid tenants on housing benefit and if you do want to restrict yourself to working tenants, specify professionals only in the advertisement.
