Though most of us look forward to New Year’s Eve, a lot of landlords dread it. If your tenants decide to host a party things can, unfortunately, become rather difficult. Party-related damages are common around this time of year, especially if you’re letting to students, so what can you do to mitigate the risk of any parties that might happen?
Take a Look
It’s not fair to be constantly pestering your tenants for inspections, but the New Year can be a wise time to take on some repairs you’ve been putting off. Don’t be too pushy and leave your tenants to their own business, but if you’ve caught wind of a wild party, you have every right to check no damage has been done or, at least, what has been done has been repaired.
Keep an Eye on Social Media
You may not have your tenants on Facebook, but if a party goes public you will be able to see it. There is absolutely nothing wrong with a party, of course, but Facebook parties have been known to attract gatecrashers – often a lot of them. If you see something suspicious, just let your tenants know: they may have made an honest mistake and will almost certainly not want the hassle of unwelcome visitors themselves.
Check in Beforehand
One of the risks of tenants throwing parties is that if guests become injured, it could become your fault if you weren’t following the proper regulations. Why not give your tenants a courtesy call, wish them a happy new year and make sure they have everything they need. This is their chance to tell you the carpet on the stairs is pulling up or the fire alarm needs new batteries, and your chance to call your landlords insurance provider to arrange having the work done.
Whatever you’re up to this New Year’s Eve, have a very happy New Year from us here at Just Landlords and, whatever your tenants get up to, remember that most New Year’s Eves are very safe and very serene!