When It Comes To Renting Out Your Property, There Are A Lot Things To Consider.
See our list below of what we believe are the key components to a successful rental property:
Prepare your Property
Before renting out your property, you want to ensure that it is in the best condition possible to help attract the most interest and prevent any unnecessary void period. Having all maintenance issues dealt with prior to a tenancy commencing will avoid any unwanted aggravation for all parties involved. You should consider whether you will be renting the property furnished or unfurnished and make the property as clean and fresh as possible for photos and viewings
What are your key Objectives
Are you looking to find a tenant as quickly as possible, get the highest rent you can, or look to get the best yield? These are important factors, as finding a tenant quickly is not always a good long term prospect. Finding tenants that will maintain and look after the property have been through the right reference checks and have finances in place, can prevent long term and costly issues further down the line. Having regular, steady income at the right rental price with the right tenants, will help protect your investment and long term objective.
Legal Requirements
As a landlord, you will have a lot of requirements and responsibilities to adhere too. Working with the right agent will help ensure that these are taken care. Having key checks completed; i.e. gas safety checks, electrical safety check, EPC, Licences, portable appliance test and a Legionella risk assessment will make sure you comply with the strict requirements needed when renting out a property.
Choose The Right Service
Are you looking for a hands on role or one where you can sit back and let us do all the work? Knowing what service level you need will be a key decision, whether that be the fully managed service, rent collection or tenant find. We can tailor our services to suit your needs and lifestyle.
Shop Around
Choosing the right agent is another key factor to make sure you have a smooth and successful renting experience. A good agent will protect your investment, find quality tenants and be on hand at any time to offer advice and assistance. Having cheap fees or going with the recognised brand does not always guarantee value for money or a successful and conducive working relationship. At Belvoir, we understand that each of our clients is an individual and has specific needs. We will work to your guidance and do everything we can to offer a personable and trusted working relationship.
Protect Yourself
Lettings agents do not need to be part of any regulated body. However, any reputable and trusted agencies will endeavour to members of key government back schemes and bodies to offer a reliable and the best service to their landlords. At Belvoir Brighton and Hove, we are part of: –
- Propertymark – Propertymark Scheme
- TPO – The Property Ombudsman
- SAFE AGENT
- DPS – The Deposit Protection Service
