10 August 2020

Retford Property Landlords - Seven Simple Steps to Success

 

In this two-minute read, I look at seven fundamental steps landlords in Retford need to take to put themselves and their rental properties on the path to success.

Being a landlord can be challenging, complicated and confusing. But it doesn’t have to be that way.

By following these quick tips below, you’ll make your life easier and your properties more profitable.

1) Get Three (Free) Valuations. So, you have a property to rent? I suggest calling in three different letting agents to compare prices, people, and approach. Be careful not to be sucked in by cheap fees as it’s often reflected in the service you get.

2) Picking a Letting Agent. Look for professionalism, integrity, value for money and a list of agreed responsibilities. Make sure the letting agency is an ARLA member. (Association of Residential Letting Agents) and ARLA | propertymark protected.

3) Marketing Magic. How, where, and when your property is marketed adds significantly to its chances of success. At The Good Estate Agent, we use several different platforms, tactics, and techniques to attract the largest possible audience for your property. We have been doing it successfully for over 10 years.

4) The 3 Ps. If you want to attract quality tenants at the best price, your property must be clean, well maintained and nicely presented. Remember the 3Ps as they are worth repeating – presentation, presentation, presentation.

5) Dealing with potential tenants. Once quality potential tenants have been found, and the rental price agreed, we carry out all the necessary work. This includes gathering references, creating tenancy agreements, collecting the initial deposit and rent, and arranging for a thorough check-in and inventory to take place. We also do a few extra checks to make sure the potential tenants are genuine.

6) Moving in and on. Once all the above has been carried out and things are in order, you/we can release the keys to your new tenant. By establishing excellent communication during the moving in process we lay the foundations for good future relations.

7) Hassle-Free Property Management. We offer different tiers of service, from let only where we will find you a quality tenant and carry out all the preparatory work, right through to full property management. If you want us to just find you a quality tenant and leave the rest up to you that’s fine.  But if you want to have a calm life we can take full responsibility for your property and tenants and make sure all is well.

When you decide to have your property fully managed, it means we take responsibility for all things that need doing and sorting out.

This includes collecting rents, arranging safety checks, property inspections and making sure maintenance and repairs are carried out by skilled local professionals. AND we’ll keep you the right side of the mountain of rental regulations and laws affecting the rented property market.

Thanks for reading, and if you are a landlord looking to have your life made easier and your rental property more profitable, please get in touch today.

If you are an existing landlord or someone thinking of becoming a first time Retford landlord looking for advice and opinion and what (or not to buy in Retford), drop me an email or phone call and let’s start a conversation – I don’t bite and I don’t do hard sell … and maybe, just maybe, I could help you get better returns from your property portfolio.

I’m always happy to help sellers, buyers, landlords and tenants

geraldbowers@thegoodea.co.uk

Tel: 01777 237310 or messages to 07981 744003

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