Professional Landlord Resources
Hey Guys,
With the property market as it currently is, I thought I would spend some time this week talking about all the different resources that are available to property investors. Namely property landlord forms.
Property landlord forms are exactly what they say they are. They are forms that we investors can use to acquire all the information we need to make sure our rental properties are a success.
Now at this point I have to admit that when I first started out in property investment I was clueless. I had no idea about these landlord forms, and looking back I really wish I had as they would have made a tremendous difference to my property investments.
But unfortunately for me, beyond the basics of setting up a shorthold tenancy agreement, I had not even an ingling of what Section 8 or 21 meant or how to acquire a tenant guarantor. It was only thanks to a friend that I eventually found out.
But here is the thing – I WAS one of the lucky few to have someone point out these details to me and send me in the right direction. Not all of us are that lucky. So I figured – for any new investors looking at this blog – that I’d lend you a helping hand. I know I appreciated it when someone helped me 
So lets get started lol.
As a property investor there are key forms/ data that you need to be aware of. Here is a quick summation:
Section 8: understand this and you have got the means to end a shorthold tenancy agreement during the fixed period of their agreement with you. Included in this section is the grounds in which you are allowed to end an agreement.
Section 21: or also known as a ‘notice of possession order form’, section 21 is the next step from the section 8 form. This particular form relates to your rights as a landlord to take back your rental property at the end of an agreement.
Rent arrears: this form allows you to contact your tenants when their rent is overdue.
Tenant Guarantor: acquiring one of these from your tenants means you will never be at a loss over your rental property as their guarantor will cover the cost of their rent, when your tenant cannot.
Property Inventory: allows you to keep track of all the contents within your rental property and the condition they were in before your tenant moved in.
Assured Shorthold Tenancy agreement: this is the contract between you and your tenant that works to protect both your rights and your requirements.
Notice of Rent Increase: this form enables you to increase your tenants rent part way through an existing agreement.
These I would say are the main forms that I recommend you check out, but on the site I was looking at, there were heaps of others that you might find useful too. Check them out: http://www.propertymentor.co.uk/landlord-resources.php, I think you’ll be impressed with how thoroughly they are explained.
Anyways, if you have got any questions about any of this, let me know.
Speak soon
Wendy
