Landlords

Step by Step Letting Guide for Landlords

Renting your property need not be stressful. Take a look at our simple guide & contact us if we can help you further.

Do your research. If it looks too good to be true it normally is. Landlords tend to invite a few agents in and take the average of the appraisal prices as a guide for going to market. Be mindful of one agent’s valuation that is way above the other agents. This tactic can naturally influence which agent you entrust your property with, but be careful, if the property has been over valued in order to gain the instruction, you might lose valuable months of lost rent and still only achieve the mean valuation of the agents you decided not to go with. So keep you feet firmly on the ground.
Do your research. If it looks too good to be true it normally is. Landlords tend to invite a few agents in and take the average of the appraisal prices as a guide for going to market. Be mindful of one agent’s valuation that is way above the other agents. This tactic can naturally influence which agent you entrust your property with, but be careful, if the property has been over valued in order to gain the instruction, you might lose valuable months of lost rent and still only achieve the mean valuation of the agents you decided not to go with. So keep you feet firmly on the ground.
Landlords often lead busy lives & property management will take all the hassle out of dealing with your tenants on a day to day basis. Some Landlords consider that their parents or a friendly neighbour will be able to manage their property as they know contractors for maintenance. This, however, is by no means the only concern. Letting the property is one area and management is another. This involves demanding and collecting rent on a regular basis and ensuring that rent continues to be paid for the duration of the tenancy; visiting the property on a regular basis to ensure that the tenants are taking care and checking for any general maintenance which might be required; arranging maintenance matters, surveillance of contractors and settlement of accounts; renewals of tenancies; advising on overseas tax matters and allowances. Assuming that the tenancy runs smoothly the managing agent will be well able to deal with the above matters. The more professional Agent will know how to deal with problem tenants who perhaps wish to make deductions from the rent, do not pay the rent at all or who will not leave at the appropriate time.
Ensure the property is ready, its pointless marketing if there are still works going on or the place is simply a mess (the majority of tenants don’t have the vision to see what the finished article will be). Tenants research their move months in advance of actually making enquiries & will dismiss anything they think has been on the market for a length of time. If re-letting ensure photographs are up to date & as much information as possible has been given. Again, if you the client are not happy ask the agent to make changes.
First impressions count so it is vital that your home looks it best for potential tenants. Externally it is essential that gardens are in a tidy condition. The front exterior is the first view your potential tenants will have of your property so tidy up the front and back garden, weed, trim hedges, clear any dead plants and mow the lawn. When the sun comes out your garden will come into its own. Keep rubbish and rubbish bins out of sight. Give window frames and the front door a lick of paint if they need it. This will create a much more attractive and well cared for first impression. If you have a swimming pool the pool should be fully cleaned and ready for use. internally the two main features to strive to achieve are light and space. Creating more space is done by de-cluttering. Tidy away or remove unnecessary objects or knick-knacks. Clear out cupboards and wardrobes of non-essential items. Lighting plays a very important role in decorating a home and should not be overlooked. It is essential that the house is as light as possible. All broken bulbs must be replaced and replace with high wattage bulbs. The target tenants will have their own belongings and will also want a blank canvas. Therefore if any walls requiring painting, paint in a neutral shade. It is also essential that the property is clean. A thorough internal clean should be done to include windows inside & out and a carpet clean. Get rid of any unpleasant odours like pet smells and cigarette smoke and make any minor repairs that are needed. These simple and often overlooked steps can really make the difference in how quickly your property can be let and how much rent can be charged.
It is essential that all viewings are accompanied. Its simply not good enough to expect the tenant or landlord do the viewing. Premier Lettings will do out of hours viewings including Sundays, early mornings and late evenings. Tenants are often busy with work & school commitments so it is essential the agent fits in with their busy lives too.
Your agent should give you feed back after each and every viewing. Nowadays this tends to be a quick email note but Premier Lettings prefer the traditional method of picking up the phone. The feedback may not always be positive but take it and use it to your advantage.