Dr Lafina Diamandis continues her series for doctors investing in properties. This month: property management and landlord essentials.
One aspect of property investment that puts some people off is the idea of being a landlord and having to manage issues like maintenance, repairs and tenant disputes.
This is a valid concern, but there are ways to address this. The first is to put measures in place, so your experience of being a landlord is as stress-free as possible.
There are five key areas to consider.
1 Get educated
Learning as much as you can about being a landlord and your responsibilities is imperative. Even if you’re a landlord already, I recommend the one-day landlord accreditation course run by the National Landlords Association (NLA).
It costs about £100 and is a great way of learning about the most important aspects of being a landlord and becoming an accredited landlord.
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