A Letting Agent
We’ve seen the introduction of a never-ending list of constantly updated rules, regulations and new laws that impact landlords across Leicester.
There are now more than 175 pieces of legislation that landlords with properties in the UK must comply with. Falling foul of these rules can have severe consequences, resulting in fines of up to £30,000 and potential prison sentences.
Landlords must be aware of these laws and run their property portfolios professionally. This approach keeps their investments protected and their tenants safe.
We will look at some of the key responsibilities that landlords have and dispel some myths surrounding rental property rules and highlight why a good letting agent can be a landlord’s best friend.
We are here to keep you on the right side of the regulations, help make your life easier and ensure your rental investments are as profitable as possible.
You should expect your Letting Agent to listen so they understand your needs and expectations regarding looking after and representing you and your rental property. They should provide you with peace of mind, provide clear communication and maximise your assets throughout the letting journey.
To help find the right tenant for your investment, as well as maximise the rental returns, we have identified seven key steps
Have a 'To Let; board at the property to attract potential tenants that are looking in the area. Neighbours, friends & family will alert them about the potential home that has become available
Ensure the property is clean and presented like it could be a home for tenants. Any garden areas should be well maintained, carpets clean etc.
High-quality photographs will attract the right tenants to your property. Make sure the property has exceptional photography so it makes the strongest impact when it is displayed to potential tenants
Make sure your property is going to be listed on our website, Rightmove, Zoopla and social media platforms to find that right tenant.
Let your agent work for you in showing tenants round the property. They can meet with suitable tenants so it does not inconvenience you, taking you away from the working day or family time. They are likely to get more honest feedback on what tenants think about your property and can also negotiate to achieve the optimum rent.
Your Letting Agent should have a list of pre-qualified tenants waiting and looking for properties like yours. Before giving the go-ahead to any Letting Agent, ask them how many tenants they have looking for a property like yours, and be prepared to test them to make sure those potential tenants really exist.
Once tenants have started looking at your property, a good agent will provide feedback on how the viewing went and what the tenant thought. This will give you an opportunity to make any adjustments to the property should a common piece of feedback appear so it does not discourage future tenants from looking at your property and potentially renting it.