SERVICE FOR LANDLORDS
Home Landlords

Rental Services

Tenant Find Only:

Fully market your property for you advise/organise any tests that may be required on the property – for example gas safety test Handle all tenant enquiries and carry out all viewings Carry out a comprehensive tenant report on all tenants and guarantors Draw up the Tenancy Agreement and other associated paperwork. Should you have any amendments we’ll work in consultation with you to create the right agreement for your needs. Sign all the paperwork with the Tenant Collecting the first month’s rent and deposit. Register or advise on how to register the deposit with the government back scheme Transfer the first month’s rent along with a rental statement to your nominated account

FEES NEGOTIABLE - PACKAGES MADE TO SUIT LANDLORD REQUIREMENTS

Full Managed Service:

Includes all of the above plus

Full Conditioned Report of the PropertyMid Term Inspections Rent Collection Rental Statements Rent Reviews Rent Chasing should your tenant fall into arrears. Serving all the required notices. Tenancy Renewal Management of the utitlity supplies and local council Management of any maintenance issues, which includes a 24 hour help line for tenants.

We offer help and advice to ensure your property and tenancy comply with the constantly changing letting industry legislation.

FEES NEGOTIABLE - PACKAGES MADE TO SUIT LANDLORD REQUIREMENTS

Advertise Only:

Fully market the property, speak to the potential tenants and send only the correct ones for viewings based on your requirements, advertising only also includes advising on what amendments should be or could be made to the property to maximise full potential

Please see below package prices

  • Marketing/Advertising only £60.00
  • This includes listing
  • Constantly bumping up the advert every hour
  • Featuring the advert

Providing you the Landlord with daily updates on progress-this includes number of watchers, enquiries, feedback and advising on what may or may not be the best action to take going ahead in order to achieve a quick let to the correct tenant

We can if required thoroughly reference check each tenant - this cost will be covered by the tenant(s)

Let Advice For Landlords

The Changing Rentals Market

Although home ownership is higher than ever, many people still choose to rent.

This is due to the change in the economic and social environment over the past 20 years, which has introduced:

  • 1. New legislation that protects both Landlords and Tenants
  • 2. Relocation Agents who specialise in relocating employee
  • 3. Wide range of buy to let mortgages
  • 4. Rising property prices, preventing or delaying people’s entry on to the property market
  • 5. Increased number of single person households

Preparing your Property

When people want to live in your property you will have the pick of the tenants. Ensuring that your property is attractive to the rentals market will increase your chances of keeping it occupied through the year.

The Right Tenant

A successful property lettings starts with the ability to find a suitable tenant for your property.

Whilst each individual has different needs, expectations and housing habits the market consists of:

  • 1. Corporate Tenants
  • 2. Professionals
  • 3. Families
  • 4. Single, Separated or Divorced Individuals
  • 5. Young people
  • 6. Home Movers
  • 7. Sharers

Rent

We will recommend the appropriate rent for your property, depending on the area, size and quality of the property. It’s also worth spending a little time researching achievable rents for your property so that you have a rental price in mind.

Unlike house prices, the rental market does not follow a trend. The fact that house process may have risen in a particular area do not mean that the rents will have done the same.

As a landlord, you will want to achieve the highest possible rent for your property, which we will assist in you doing so. However, it is important to be realistic. Overpriced properties will attract very little interest which will increase your void period and thus result in you having to pay council tax or charges to utility companies.

In addition to the rental income you will also need to budget for a number of necessary costs.

It’s worth highlighting what these costs are so you can budget for them. This is especially important as ultimately you are responsible for these costs whether the property is occupied or not.

Insurance Premiums. Premiums for buildings insurance vary by area, type and size of property but allow for between 2 and 3% of the rent. For furnished property allow between another 1 and 4% of the rent depending on the level of furnishing.

Replacing Fixtures and Fittings. Allow for 10% of the rent each year to replace worn out fixtures, fittings and furnishings. Also, be prepared to re-decorate every few years.

Maintenance

Things break down and need to be maintained over time. You will need to allow a percentage of the rent to cover this. The type, age and condition of the property will obviously have an effect on repairs and maintenance of the property, so this should be taken in to consideration when choosing your property to purchase.

Ground Rent & Service Charge. If the property is leasehold you’ll have to pay these charges

Mortgage

Of course, your biggest cost is likely to be your mortgage. Many buy-to-let mortgage lenders will only lend up to 80% of the property value, so you’ll need to put in some money yourself – which of course has a cost too! Once you have deducted all these costs from the rent, you end up with your net expected rental income.

Yield

If you divide this into the value of the property, including all the costs associated with buying it, you have the net rental yield.

Deposit

We advise that a deposit of 6 weeks rent is taken on a rental property; this may be increased if the tenant has a pet or the property is of a particular high standard or furnished for example.

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