Our top tips for landlords
Kirk Owen, Lettings Manager has given his top tips for all landlords to consider before renting out their property.
We will work with you every step of the way to get the right profile of tenant for your property but here are my top tips and advice that I would suggest all landlords should consider implementing:
You should contact us at least six weeks before you ideally would like to let your property. This will give us sufficient time to market your property and find a suitable prospective tenant.
Remember, it’s not just all about the price that tenants are willing to pay; you also need to consider the whole package including; move date, length of tenancy, tenant requests and most importantly to be comfortable that they are the right people to rent one of your biggest assets.
Your property needs to have a welcoming feel so tenants will want to live there and make it feel like their home.
If you are currently living in the property or have vacating tenants in place, make sure the place is welcoming and free from clutter, perhaps a spring clean before we arrange for our photographer to pop over.
If your property is vacant or had previous tenants, take some time to give it a good spruce up. This includes thorough cleaning, a lick of paint where needed and fixing or replacing any damaged items of furniture.
Once your property is on the market we will be contacting you to gain access the property to conduct viewings. If you have tenants living in the property, let them know we will be contacting them to gain access for viewings, which may occur when they are not in the property.
A large amount of tenancy requests are now for much longer terms of 18 and 24 months tenancies. These high calibre tenants want to make your property their home and may have some requests at point of offer. For instance, they may ask for furniture to be added or taken away. They may also ask for some minor works to be undertaken prior to move in, which we can advise you on.
Consider the up-front costs:
There are several up-front costs associated with letting your property which you will need to budget for.
Most may be deducted from the first instalment of rent – these are all in our terms & conditions and include tenancy agreement cost, independent inventory report, safety certification and professional cleaning (first time let).
Consider Property Management:
Property Management can be crucial in getting maximum rental returns on your property. Many corporate tenants will insist on renting only managed properties and are often prepared to pay a premium for the peace of mind that any issues with the property will be swiftly and professionally resolved.
Completing the process and legislation:
When we receive an offer from a prospective tenant, we will contact you with full details and negotiate on your behalf. Once an offer has been accepted, we will do the following:
• Independent reference collection from the tenant/s
• Prepare and arrange the signing of Tenancy Agreement by both parties
• Collect the initial rent and deposit monies
• Organise an inventory to be prepared and checked with the Tenant
• Transfer the utility accounts if managed by us.
If you would like some further information regarding our lettings service please download a copy of our landlord guide.