Monday, 31 October 2016

Things Tenants Should Know

Tenants come with differing experiences and backgrounds. There are some things that every tenant needs to know before finding rental properties in the Cayman Islands.

1. Renter’s Insurance: Tenants need to understand that bad thing may happen and that the landlord's insurance policy will not cover their loses at all. Renter’s insurance is well worth the money.


2. Paying Rent on Time: You need to understand that the landlord may depend on the rent paid by you. So pay it when it has been decided.

3. Friendly Relationship: With Landlord: Usually landlords want a long and uneventful relationship with their tenants. They expect the tenants to treat them and their property with respect.

4. Talk with your Landlord Freely: If anything needs to be repaired or you have any issue related to your home, just talk with your landlord, and they can help you in solving it. It is their best interest to fix things and keep their property maintained. You should even call about the little things that need to be repaired.

5. Some Problems Are Just Hard to Fix: Some problems may take time and thus may not get repaired right away. You may have to wait on your part to get it done. The landlord may have to diagnose and troubleshoot for a few days. All you need to do is be patient.
Hence, tenants come with the multiple of experiences behind them. Some are soft and shy and don’t make any fuss. Others may have other issues with their previous landlords and may be stubborn. Some must be new to the place and require the landlord's support. As a landlord, you will run across all kinds of people and you the tenant need to choose the rental properties in the Cayman Islands. No matter what kind you rent to, just make sure your tenant satisfy the above list.

So what is on your list? Be sure to leave your comments in the section below!

Saturday, 1 October 2016

Top 5 Tips For Buying Rental Properties

Are you searching for rental properties in the Cayman Islands? Here are the top 5 things you should analyze while searching for the correct rental property:

Neighbourhood: The surrounding of the neighbourhood in which you buy your rental property influence both how often you face vacancies and the types of tenants you attract.

Crime: No one desires to live next to a criminal hot spot. So choose the property in a safe environment for the security of your tenants.



Job Market: Locations with growing employment opportunities and possibilities tend to draw more people – meaning more tenants. To find out how particular area rates in the Cayman Islands, contact your real estate agent.

Building Permits and Future Development: Consult the municipal planning department for the information related to the new development that is coming or has been zoned into the area you are choosing for rental properties in the Cayman Islands. If it has many new condos, malls, or business parks coming up, it is probably a good option for growth area.



Natural Disasters: Insurance is also an expense that you will have to deduct from your returns, so it is nice to know how much you will need to carry. If an area is prone to flooding or earthquakes, spending on extra insurance can eat away all your rental income.

So, if you are looking in the Cayman Islands, a real estate agent, Consult Ashmore Alexander and get the best real estate services in the Cayman Islands!

Let us know in the comments section whether these tips helped you or not?