Letting property can be a risk for a landlord. You’re letting strangers live in your property. You need to be able to trust that they’re going to take care of it as their home, that they’ll report any issues early on to cut down on the cost of repairs and that they’ll pay you rent in full an on time. On top of that you also have to understand your responsibilities in providing your tenants with a safe home and a secure tenancy and to know that you’ve met all legislative requirements is a changing landscape.
As far as a “passive income” goes, it can take up your time to manage everything effectively and to ensure that you’re getting the best return for your investment.
At Brittons Lettings our experience has been that more robust the start of the tenancy is, the easier it is to manage. This is for several reasons:
· Letting property is much like finding a partner or landing a new job. The best fit is when a tenant is right for a property, and the property is right for the tenant. Income, the number of tenants and dependents, pets and the length of the tenancy can all have an impact on whether a property would suit the tenant’s needs. Having a pre-tenancy questionnaire as well as carrying out all communications ourselves means that we can give you the information you need to get a full picture of who you rent to.
· Carrying out thorough checks on your prospective tenant gives you peace of mind that you’ve offering a home to someone with the reliability to pay the rent and abide by their responsibilities. Beyond referencing, we also ensure that right to rent and OFSI sanction checks are carried out in line with Government legislation. At Brittons we have these checks in hand as standard, giving you the peace of mind that you need.
· Self-managing landlords are often vulnerable to providing robust documents and following required procedures that can result in costly and expensive issues further down the line. As an experienced and qualified team, we have the processes and record-keeping in place to ensure that your tenancy is set-up correctly, from providing the tenancy agreement, inventory and securing the proper protection of the deposit. We also ensure that all required safety checks have been caried out and all documents have been served to your tenant, and importantly, keeping thorough records that every step has been completed.
· Building a professional-yet-approachable relationship with your tenant helps with communication further down the line. When trust is inherent in the relationship and the management of the tenancy is fair, it’s far easier to have open, honest conversations both when things are running smoothly and should any issues arise. As a small team who take responsibility for every aspect of the tenancy set-up, from the viewing to moving day, we get to know your tenants and reassure and advise them along their journey, building their trust in us as we do so. We make sure they know what's expected of them and what they can expect from their tenancy. Acting as an intermediary keeps things professional and balanced too, which is why we recommend a full management service to ensure this continues throughout the tenancy.
Yes, letting property can be risky, but with our professional expertise and experience, at Brittons lettings we can help you off-set the risks and reassure you that your tenancy is off to the strongest possible start.
Saving you time, saving you from costly mistakes and giving you peace of mind, speak to us today to let us at Brittons let for you.
Brittons, 27-28 Tuesday Market Place, King's Lynn PE30 1JJ / 01553 692 828 / [email protected]
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