5 Costly Landlord Mistakes to Avoid – Protect Your Rental Profits
Being a landlord isn’t just about collecting rent — it’s about protecting your investment, keeping tenants happy, and maximising profits. Unfortunately, many property owners make landlord mistakes that lead to financial loss, legal trouble, and unnecessary stress.
At Legacy Property Sales & Lettings, we work with landlords across Oxfordshire to spot and fix these errors before they become costly. Here are the 5 most common landlord mistakes and how to avoid them.
1. Skipping Tenant Screening
One of the most serious landlord mistakes is placing a tenant without proper checks. This can lead to late rent, property damage, or even eviction.
How to Avoid It:
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Run credit checks
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Take landlord and employer references
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Complete Right to Rent verification
Tip: We use a thorough screening process to find reliable, long-term tenants.
2. Ignoring Routine Maintenance
Neglecting small repairs can cause bigger, costlier problems later.
How to Avoid It:
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Schedule inspections every 6–12 months
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Fix minor issues promptly
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Keep maintenance records for compliance and value
3. Unclear Tenancy Agreements
Vague or incomplete agreements create confusion and increase the risk of disputes.
How to Avoid It:
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Use a legally compliant Assured Shorthold Tenancy (AST)
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Clearly outline tenant and landlord responsibilities
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Include rent due dates, notice periods, and repair terms
4. Not Maximising Tax Reliefs
Missing out on allowable expenses is a common but avoidable landlord mistake.
How to Avoid It:
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Claim mortgage interest, repairs, insurance, and agent fees
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Keep organised receipts and records
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Consult a property tax expert if needed
5. Overlooking Legal Changes
Laws change often — from EPC requirements to fire safety rules — and failing to comply can result in fines.
How to Avoid It:
Pro Tip: Partner with Experts
The easiest way to avoid landlord mistakes is to work with a professional letting agent. At Legacy PSL, we:
– Screen tenants thoroughly
– Provide ongoing property management
– Ensure legal compliance
– Market properties effectively to reduce void periods
Stay Connected
– Join Our Facebook Landlord Community – Ask questions, share tips, and learn from other landlords. Join Here
– Check Our SpareRoom Listings – See how we market properties to fill vacancies faster. View Listings
– Free Rental Valuation Tool – Find out instantly what your property could earn. Use Tool
