Hidden Costs You Might Forget in Letting
Letting a property can be profitable, but there are a few costs landlords often forget. Planning for them upfront keeps your income steady and avoids nasty surprises.
💸 Void periods
Even a great property won’t always have tenants lined up. Budget for the occasional month with no rent coming in, so you’re not caught off guard.
🛠Repairs and maintenance
Minor fixes like leaking taps, broken appliances, or fresh paint add up. Staying on top of these keeps tenants happy and prevents bigger bills later.
🧹 Cleaning and preparation
Between tenants, properties need cleaning, laundry, and touch-ups. For short-term lets, this can happen several times a month.
📑 Insurance and certifications
Landlord insurance, safety certificates, and HMO licensing if applicable. These aren’t optional, but they’re often underestimated in budgets.
💡 Small improvements to stay competitive
New carpets, updated kitchenware, or a fresh coat of paint can make your property more appealing and justify higher rent.
📩 Want help mapping out all the costs so your property stays profitable and stress-free? Fill out the form beside this post and one of our team will guide you through it.