Advice for First-Time Landlords Leicester

Leonard Rossiter as landlord Rupert Rigsby in Rising Damp The continued growth in the buy-to-let property market has led to an increase in the number of first-time landlords, who are challenging old stereotypes.

Leonard Rossiter's portrayal of bigoted, racist and lecherous landlord Rupert Rigsby in ITV sitcom Rising Damp, is being laid to rest and replaced by the image of a more responsible landlord.

Nearly three-quarters of homeowners now think that the bad reputation associated with landlords is unjustified, according to a survey by Norwich Union.

The insurer asked homeowners what their priorities would be should they become a landlord. Over two-thirds cited security and insurance as the top item they would invest in, compared to only 15 per cent citing décor as top priority and nine per cent citing the latest gadgets.

Half of these could-be landlords would be most riled by tenants who showed a general lack of respect for the property, compared to just under a quarter who said late payment of rent would be the biggest problem.

Norwich Union has teamed up with Louise Lear, presenter of BBC's Trading Up, to provide a masterclass for the growing numbers of first-time landlords.

Her tips range from taking out adequate rental insurance and property liability insurance, to thoroughly vetting prospective tenants.

"It's about time that people realise the old stereotype of a landlord is outdated," Ms Lear said.

"The buy-to-let market is booming and people are fast realising that to be competitive you have to be responsible and professional.

"There is also a lot of legislation protecting both parties, so it is a much more equal relationship."

Louise Lear's top ten tips for first-time landlords

1. Insurance - Take out adequate rental insurance and property liability insurance.
2. Know your rights and responsibilities - Ensure you fully understand and seek expert advice on your legal rights and responsibilities before you let your property.
3. Thoroughly vet prospective tenants - You are entitled to look at bank statements to see if prospective tenants can afford the rent. Ask for a guarantor who will agree to pay the rent if your tenant gets into financial difficulties. Also ask for references from a previous landlord.
4. Keep it clean - Ensure the property is spotless before letting it. You can then ask you tenants to leave it how they found it and avoid another expensive clean at the end of their tenancy.
5. Keep it safe - By law all gas appliances need to be checked annually by a Corgi registered installer. Keep hold of certificates.
6. Keep it in good repair - Tenants are more likely to stay in the property and take care of it if you respond to maintenance problems quickly.
7. Know your market - A city banker will expect a different level of quality of furnishings than a group of students.
8. Outside space - Employ a gardener to keep exterior paths and gardens tidy. Do not expect you...