Even though the most recent Budget offered some welcome relief for landlords and the buy-to-let sector as a whole, there are still a number of challenges in place – not least the phasing out of mortgage interest tax relief, the additional 3% stamp duty surcharge on second homes, and regulation on everything from energy efficiency to houses in multiple occupation.
As a result, it’s vitally important that landlords remain compliant and provide good-quality, habitable homes to tenants.
To increase the likelihood of this being the case – and getting the absolute most out of your rental homes – you need to work closely with a good, reliable, reputable letting agent.
As stated above, there are plenty of rules and regulations for landlords to abide by. As the private rented sector has grown in size and influence in recent years, more effort has been made it to regulate it. This can make the job of a landlord time-consuming and complex.
To save on hassle, stress, time and money, you can hand over the day-to-day responsibility of managing a rental property – including compliance, repairs, maintenance, rent collection and inspections – to a letting agent, giving you more time to grow and improve your property portfolio.
What’s more, a reputable letting agent can help to fill your properties with good, reliable tenants in the first place – and keep them occupied, reducing the chances of unwanted and costly void periods.
This is achieved by marketing your rental homes effectively, carrying out thorough tenant referencing to make sure the right kind of tenants are in situ, providing ‘To Let’ boards and conducting accompanied viewings. Advertising is a crucial avenue by which to you get your homes let, and any decent letting agent will advertise your properties on their website, through the major property portals and in local newspapers and publications.
A good letting agent will also prepare tenancy agreements, protect tenancy deposits, deal with the check-in and check-out process, carry out regular quarterly inspections of a property’s interior and exterior, organise the return of deposits and find suitable new tenants if this is required.
In addition to the above, here at Angels Sales & Lettings we offer a Rent Guarantee Lease Scheme to provide our landlord clients further peace of mind.
As the name suggests, this arrangement guarantees that your rent will be paid on time every month, regardless of whether your property is tenanted or not. You can sign up for between one and five years depending on your circumstances and the payments are made directly by us, giving you the reassurance that you won’t be left out of pocket.
We also offer legal expenses cover, which enables you to obtain vacant possession of your property in the event that your tenant fails to pay the rent.
To find out what we can offer you, please get in touch on: 0800 043 6778.
If you want to know how much you could be generating in rent each month, you can request a free and instant online valuation.