There’s a line in the classic film The Godfather that neatly sums up what landlords need to know about letting properties.
“It’s nothing personal, Sonny. It’s strictly business,” drawls a brooding Michael Corleone as he plots a daring and ruthless double hit.
Now, here at IMS, we’re law-abiding citizens, so we’re certainly not suggesting you become a cold-blooded Mafia boss or fraternise with Sicilian mobsters.
But we do recommend that Oxfordshire landlords take a business-like approach when they let a property.
One of the biggest mistakes a landlord can make is to allow their personal feelings to impede their decision making; this often happens when:
Being a landlord isn’t just about managing a property; it’s about working with people. Whether it’s dealing with a tenant who has lost their job and can’t pay their rent, or managing a messy dispute between a tenant and neighbour, you need to remain calm, clear-headed, and professional.
Landlords don’t have to be unsympathetic or insensitive but do need to balance their duty of care with their financial responsibilities.
One way to manage these difficult situations is to draw on the expertise of us, we will be able to:
Here at IMS, we can take the stress, emotion, and guesswork out of managing a property. Please get in touch if you’d like us to help you.
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