1. Property valuation
The best place to start the letting process is a visit to your property to provide you with a rental valuation. We will assess your requirements, establish who your property is likely to appeal to, agree how much rent we think you should be able to achieve and suggest any recommended improvements to help ensure you maximize the potential of your property. Valuations are based properties recently let within your area and take into account a number of other factors such as market conditions, the location of your property, the size of your accommodation and, if furnished, the standard of that furnishing.
2. Preparing your property
It is worth thinking about the kind of tenant you want to attract as each type of person has different needs. For example, young professionals tend to want contemporary decoration, while young families generally like to eat in kitchens with a table.
Properties that look good achieve higher rents and let more quickly. So it really is worth taking time to ensure your property is presented to the highest possible standard.
As a general guide, the following ideas work well when letting a property:
- Before marketing your property, do ensure that it is in good decorative order and sound structural condition.
- If you’re living in the property while it is being marketed, do make sure that you keep it clean and banish clutter.
- Keep the decorations neutral – the property will look cleaner and is more likely to fit in with your tenants’ personal belongings.
- If your property is let furnished, include everyday items like a vacuum cleaner, ironing board and, if there is a garden, a lawn mower.
- If your property is unfurnished, you will still need to supply carpets, curtains, light fittings and a cooker.
Every property is individual, but we have a great deal of lettings’ experience and are always happy to help you maximize the potential of your rental property.
3. Finding the right tenant
Marketing your property
The key to letting your property quickly is to ensure it gets maximum exposure to the right people. To achieve this, we can use a range of marketing methods, including:
- Websites – our properties are on all the major property portals as well as our own high-profile website.
- We advertise in the local press and other relevant publications.
- Our ‘To Let’ boards are prominent and distinctive.
- We have a large client bank of tenants ready to move into rented homes.
You can choose whether you would like us to accompany your viewings or if you would like to do them by yourself. If you want us to accompany the viewings, they will be carried out by our fully-trained staff who are able to spot essential buying signals and take the lettings process forward.
4. Signing up your tenant
Once we have found a tenant that you are happy with, we will request a deposit to reserve your property and a completed Tenancy Application form. As soon as these are received, we will progress to taking up references.
Referencing is our main way of assessing a potential tenant. It’s so important that we use an independent agency experienced in this field. Once we receive a Tenancy Application and a deposit to secure the property, we will contact our agency and they will arrange a formal credit check with your applicant’s employer and any previous landlord.
These checks are assessed and communicated to you for approval before the tenancy is agreed.
5. Managing and ending the tenancy
Most properties are let on Assured Shorthold Tenancies for 6 or 12 months. You cannot regain possession of your property before the end of the tenancy unless terms have been breached, or your tenant agrees to that earlier repossession.
Even at the end of the tenancy there are certain regulations you need to follow. For example, you need to give a minimum of two rental periods’ notice in writing if you want your tenants to vacate the property on the final date of the contract.
We are very proactive in managing all the properties on our books and will write to you and your tenants whenever necessary to ensure you don’t miss important dates.