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Property Management for Landlords

Landlords Guide

  1. Valuation of property

Via our website or over the telephone you can book a valuation/assessment of your property. Following this we then can advise you of the current market rate of the property and talk you through the process.

We will need to know a lead time for the prospective tenants moving in the property, we would advise 4-6 weeks as a barometer to manage both parties’ expectations.

  1. Choosing the right Agent

Make sure you choose the right Agent, letting out a property is something that should be done in the correct manner. You need to be comfortable with working with that agent. It’s not always down to the initial fees. We pride ourselves on strong repeat business and conducting business in a professional manner. All fees will be confirmed before we agree to market the property. We can offer a tenant find service (Let only) or a fully managed service, repairs, rent collection and sorting out all utility companies. We also offer a range of products like rent guarantee.

  1. Viewings

The Viewing process is fundamental to finding the right tenant. In the current market there are a lot of high quality properties being place on the market, and a number of new builds. This is why making a good first impression is absolute imperative in today’s market. Making some very small cosmetic changes could make all the difference, and not need to cost a fortune. We can offer some professional help in this department and also well priced tradesman to help with painting etc.

If the property is currently tenanted you will need to correspond with them the importance of keeping the property tidy whist we will be conducting viewing and their obligation to be as flexible as possible with viewing times.

  1. Maximum Exposure

We will market your property on all the major property portals in the UK, Rightmove.co.uk, Primelocation.com and Findaproperty.co.uk. We also advertise in the property supplement of the Telford Journal.

We will have someone come to the property with a professional camera and take some professional shots of the property external and internal. Following this they will be uploaded within a 24 hour time period and marketed professionally.

  1. Securing the prospective tenant

We will secure the property through our reservation fee (one months rent) and referencing fees. At this stage the prospective tenant signs a pre-tenancy agreement, outlining our terms and conditions and all monies still outstanding to pay.

Following receipt from the referencing company that they have passed the credit checks we will liaise about prospective move in dates. The reservation fee is non-refundable to the tenants if they decide to not take up tenancy. On the day of move in the reservation fee transfers to act as first month rent, and on the day of signing contract the tenants then pay their deposit. (Equivalent to one month’s rent) The deposit then gets transferred to a government scheme within in 14 days. We use the Deposit Protection Service.

  1. Inventory

We will then arrange for our independent inventory company to complete a full inventory before the move in date. The inventory is very in-depth consisting of photos and video and a fully written report.

  1. Legal Requirements

The landlord has a number of obligations before the move in of a prospective tenant. We would need a copy of the landlords Gas Safety certificate. We can advise on all these requirements.

  1. Move In

The tenants will sign the tenancy agreement and then meet the inventory company at the property to do the Check in. Following the check in being signed off and keys handed over congratulations the property is now let!

8 Steps to success!

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