Help for new landlords

NewLandlords

It’s been a very strange 12 months over the last year. Many have fallen on hard times due to government restrictions on – well everything. On the other hand, others have taken the opportunity to increase their savings, and are potentially looking at investing, now that properties in sectors such as retail can be picked up for a steal. 

If you are entering the market for the first time as a new landlord, it is important that you are up to scratch on everything you need to know. You have the opportunity to upskill through a range of landlord courses. One of the first steps for entering the industry as a landlord is completing the ‘Becoming a Landlord’ course through National Residential Landlords Association. Designed primarily for those looking to find out more about the private rented sector, before making the commitment and investing, it provides you with vital knowledge on the legal requirements and regulations imposed on landlords. It is suitable for anyone considering entering the Private Rented Sector, new landlords and accidental landlords.

For those who are already established landlords, new to the sector or considering investing in buy to let property there is the opportunity of undertaking the Residential Landlord Course through IPOA. This programme follows the natural progression of a tenancy from the beginning to end, covering the main areas landlords should be up to date on. Upon completion, landlords will have better navigation of complex legislation and be able to identify and eliminate any health and safety risks. It will also help with practical guidance if something goes wrong. As a landlord this course helps to ensure that you protect yourself and your rights, that you know the essentials for letting and managing property and helps build your network of fellow landlords.

The Residential Tenancies Board is another body that provides a number of courses for landlords, particularly those in the Cork and Dublin areas. The RTB will host a series of free, one-day accreditation courses for landlords focusing on pre-tenancy guidance, minimum standards for property, dispute prevention, how to end a tenancy and much more. Once awarded, accreditation is valid for two years. As a landlord it is important to continue investing in your education and ensure you are covered on all topics, you never know what difficulty may arise in your working years and its important you have the tools and feel confident in handling any situation.

If all of this sounds like too much to take on on top of other commitments, remember that a quality property management company can take all of the responsibilities on for you. Should you need any assistance or further guidance, please don’t hesitate to contact us here at KPM Group. We would be happy to help in any way we can.

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