Welcome to Our Property Management Blog

Are you a landlord looking to maximize your rental income? Check out our top 5 tips for successful property lettings, from setting the right rental price to screening potential tenants.

 

1) Know your stock, when doing a lettings viewing do not be just a door opener anyone can do that. Know everything about the property you are about to let, parking , rent any additional services. Sell that property to the renter

2) Know your client and what their purpose of letting out the property is, are they a long term professional landlord or are they an accidental landlord who may need a bit more help with legislation. What are the long term plans for the property. 

3) Be honest no-one wants to feel duped into renting somewhere if a tenant wants a long term rental do not let them out a property where the landlord wants to sell in a years time otherwise you will end up with a stressed out tenant and landlord when they refuse to move ending up in court costs and delays. 

4) Do all the relevant checks on the tenants history, affordability, CCJ's as it can take upto one year to get a tenant out with rent arrears. Carry out your due diligence. 

5) Make sure your landlord is compliant, EICR's, EPC's, Gas safety certificates, HMO licenses, AML checks. The fines for non compliance is huge for the agent and the landlord.   

Learn why regular property maintenance is crucial for preserving the value of your investment. Our experts share insights on proactive maintenance strategies to keep your property in top condition.

1) Regular property inspection, it gives the property manager the chance to speak to the tenants and build relationships and give you an insight into maintenance issues that arise. 

2) A property is like a living working part of life and needs to be maintained, do not just collect the rent and not save for issues that might come up to keep the property in tip top condition this will save you money in the long run and not have huge unexpected maintenance bills. 

3) If you have good tenants keep them, the cost to market and let out again can outweigh the cost of a rent increase. Increase the rent by a small amount each year rather than hit the tenant with a huge increase this allows you to increase the rent and the tenant then expects a rent increase each year which is more reasonable than increasing the rent a huge amount in one go.