The residential rental sector has been growing at a remarkable rate in recent years as is evident by the large volume of property owners and new buy-to-let Landlords that enter market. They are using this avenue to increase their earning potential and adding to their asset portfolios.
Property in most cases will be the biggest asset you own, so itâ€™s vital to ensure you have the right tools in place for maximising your earning potential. The route to getting your property ready for renting isn't complicated, but combined with your busy schedules including jobs, families and generally having a life to lead means DKH can make this process simpler and hassle free. So, itâ€™s worthwhile having an honest, hardworking and knowledgeable agent to expertly navigate you through your journey.
The steps you take will determine your overall success as a Landlord and you should start to consider:
This process will help you mitigate as many unwanted issues and costs by putting in place proper planning and organisation. Get these aspects right and youâ€™ll find that you can achieve a good rental yield, minimise your void periods and ensure the process runs smoothly.
We all understand the importance of first impressions and the impact it has on potential tenants, so let's focus on the same.
Putting this into practice helps to create a homely feel improving the overall desirability to your property.
The Landlord's responsibility, which is detailed in a number of Acts of Parliament, is to offer the property fit for purpose. As a Landlord, you should always consider the safety of the Tenant as paramount and some essential factors to bear in mind that help to avoid unwanted costs and possibly even legal actions are detailed below.
DKH can offer advice and recommend fully qualified and reliable contractors to help you meet all the safety requirements for your property.
This is by far the most important decision you'll make as it will shape the future for you as a Landlord. Getting it wrong could lead to bad Tenants, void periods, irregular rental payments, as well as many unwanted issues. As mentioned earlier, Landlords have lives to lead with infinite things that occupy their time and don't want rental issues to burden them.
On the Let Only service from DKH you will receive
Add the following for the Rent Collection service
Full Management service will include all of the above and
Marketing Outreach. Having your property make an impact as soon as it hits the market place is what we will strive to deliver. This can be achieved with professional style pictures hand picked specifically for adverts online, on window cards or to send to relocation agents. Our website will be at the top of internet searches and all properties will be active on Rightmove and Zoopla Property Group (ZPG) along with other property portals that these two giants are affiliated with. The websites attract thousands and thousands of hits per day and therefore will give your property maximum exposure
It's important to be aware of who your potential Tenant type as preparing the property to meet the Tenants specific requirements can expedite the rentals process. Factors to consider are:
Once we have received an offer from your prospective Tenant, we will contact you to commence negotiations or confirm acceptance of the offer. Once you have accepted the offer, we will promptly start with the formalities:
Referencing. Before a Tenant signs the Tenancy Agreement a thorough reference check should be conducted. There are a number of aspects an Agent should check for but primarily the purpose is to:
Deposit. As of 06 April 2007, the Government made it a legal requirement for a landlord or agent holding a deposit to have it registered with one of the three approved schemes. DKH will be using an insurance based scheme called My Depoists. The scheme does require the Agent to be member of a regulatory body. For information you can visit www.mydeposits.co.uk
Inventory & Check-in. Further to the introduction of the deposit protection schemes, the importance of an inventory and schedule of conditions has increased. Ideally, you would arrange for an independent clerk who is a member of the The Association of Professional Inventory Providers (APIP) to conduct the inventory & check-in.
If you're in any doubt, speak to your DKH letting agent who will provide you with good advice on any of the above.
It is important to understand that getting the pricing structure correct from the start will help to minimise void periods. There are a many factors that govern the price and these are;
Fees will differ between agents and should depend on the level of service you require; let only, rent collection or full management. At DKH, our fee structure will remain competitive whilst offering each and every Landlord the highest quality service. We can also tailor our service to meet your requirements as a Landlord, so we will be happy to discuss the fee structure with you accordingly.
Accountability - As an Agent we feel the need to ensure that the services offered to our clients are unsurpassable. The actions taken or the decisions made will always be with the best intentions for our clients. How we conduct our business will be regularly reviewed to ensure that we constantly strive to improve and deliver a complete and thorough service.
Accreditation - We are keen to promote best practises and professionalism throughout our business. Our association with the industry regulators (ARLA, NAEA, NALS, Safe Agent and The Property Ombudsman) is paramount to providing a high standard of service. Conforming to these standards demonstrates our attitude, integrity and commitment to being a reputable Agent.
The Team - The Team comes with a diverse employment background and skill set working in industries such as Accounting, Manufacturing, Film & TV, Local Government, Retail and with over 20 years of experience within the property sector.
Our experiences are multi layered. We have been tenants, we are Landlords and best of all we are Estate Agents, so in addition to our professional qualifications we can draw from many real life experiences. We have worked in a number of locations including St Albans, Watford, Bounds Green, Notting Hill and Finchley Central, giving us a comprehensive understanding of the market.
If you are interested in finding out the value of your home or want on advice on whether you are making the most of your portfolio then please call us on 01923 831 020 or fill out the form below to the best of your ability and a company director will be in contact within two hours to arrange your free market appraisal.
Sorry, there are some issues with this part of the form.