Are you thinking about becoming a property Landlord?
- Wed 09 Mar 2022
If you have a property that you are looking to let out, the question is how do you go about choosing an agent to organise letting the property? Don’t worry, we have got you covered!
We at Bradleys Estate Agents have put together a step by step guide to letting for the first time, which we hope will help you co-ordinate the letting of your property and avoid any mishaps that many first time Landlords may encounter.
- 1 – Before jumping in you should do some research into the marketplace so that you can form an idea of the activity and also the competition your property may face when you launch it. You may also want to track a few properties to see whether they let quickly or not.
- 2- To protect your investment you will want to ensure you instruct a professional company with a good reputation. Thankfully there has been an increase in regulation but unfortunately there are still companies that don’t follow the letter of the law and so you need to know what to look for. A good start will be ensuring you use an ARLA (Association of residential Letting Agents) registered agent like us at Bradleys.
- 3- You have done your research and so it’s time to get the experts around to find out more about how we see your property being received and the rental income we would expect to achieve as well as looking at advice on letting unfurnished/furnished along with any other questions relating to the increased legislation. To request a free valuation today, please click here.
- 4- In addition to finding out the expected monthly rental value, we will discuss our three service options we provide to Landlords. As a first time Landlord, it would be advisable to instruct us on our gold service basis in order to avoid any mishaps and maximise the value you receive. To find out more about our three services we offer here at Bradleys Estate Agents, please click here.
- 5- There are just few other parties you will need to check with before you start marketing your investment would be your mortgage lender (if applicable) and also any management company (if applicable). From there you will need to make sure you have the right landlord insurance in place to make sure your property is suitably covered.
- 6- The last bit of admin that you will need to make sure is in place before tenants move into the property, is you must have provided an EPC (Energy Performance Certificate) by law. An EPC provides information on the property’s energy usage and ways in which it can be improved and is valid for 10 years once created.
- 7- It’s time to market your property! As demand for quality rented accommodation is high at present for property when priced competitively, we will revisit the price to launch your property and then get marketing!
-Your property will be advertised in our local offices, on our very busy website and extensively on all major property portals, such as Rightmove and Zoopla.
-Full property details are also circulated with a striking ‘To Let’ board erected outside the property for maximum exposure.
-Bradleys will also accompany prospective tenants to view your property following an initial interview to establish their suitability in the first instance.
The rental Market doesn’t seem to be showing signs of slowing down any time soon, with that in mind if you are thinking of becoming a property Landlord, now is the best time to get in touch with your local Bradleys office where our experts from across our 30 offices covering the West Country are here to help!