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By Tierney Cavanagh

10 Mistakes New Landlords Make – And How To Avoid Them

4. Not keeping the property in good condition/conducting repairs quickly
A simple coat of paint, removal of a wall or a more elaborate renovation can make a big difference to the value of your asset. In addition to the capital improvement your yield can be increased substantially by repairs and improvements that tenants will pay extra rent for.

You should always conduct repairs quickly and to a professional standard, even if they are only minor and maintain the property to a high standard in particular painting and carpets.

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