When it comes to letting a property, it can sometimes be tricky for you as a landlord to find the perfect balance between minimising your maintenance costs, and keeping your property in the best condition. Neglecting property maintenance will never pay off in the long-run, so you should try and establish ways to save money on the upkeep of your property.
Here at Open House, as one of the leading letting agents in Leicester, we can help. With our landlord services in Leicester, we can support you with property management and make property investment as easy as possible. We are experts when it comes to rental property management, which is why we have compiled a list of key aspects to consider when providing landlord services in Leicester.
As tempting as it may be to skip the surveying part once an attractive buy-to-let property has caught your eye, it is essential to get your property professionally surveyed before you purchase it. It is also worth taking some time to choose the right surveyor for your property.
To begin with, they need to be accredited by RICS (Royal Institution of Chartered Surveyors), but you should also be able to view their portfolio in order to get a good understanding of their experience. Your property could be a listed building, or have some unique features that can make surveying that little bit more complex. With this in mind, it could be beneficial to find a surveyor who specialises in specific areas that are relevant to the property you are looking to buy. As a result, giving you peace of mind that your property survey is being completed to the highest of standards by someone with a wealth of knowledge and experience.
By arranging a survey before you buy any houses for sale in Leicester, you can ensure you won’t be faced with any surprise costly maintenance issues in the future once you have committed to the sale.
For existing landlords, a house survey from time-to-time would also be beneficial. With a professional house survey, you can make sure you are keeping on top of any issues that could become costly further down the line.
Choosing The Right Tenants
Choosing the best tenants for your Leicester lettings can be the difference between having lots or little property maintenance costs. Looking for tenants can sometimes be a tricky and lengthy process, especially when you have other aspects of your buy-to-let business to focus on too. Instead of focusing on choosing the right tenant, why not look for the best letting agents in Leicester to work with?
At Open House Leicester, we are proud to go the extra mile when it comes to our landlord services. When you work with us, as part of our landlord support services, we make sure to vet all prospective renters in a fair-for-all manner. You and your property are our priority, so we will make sure that any one who is looking at your property to rent in Leicester ticks all the right boxes.
We want your tenants to be happy in their property and at the same time, we want you to be happy with your tenants. In order to achieve this, we’ll make sure to carry out all of the checks needed, alongside asking and answering any questions to determine whether or not your rental property and the prospective tenant are a good match.
Full Property Inventories
Whether you decide to offer a furnished or unfurnished property, it makes sense to ensure you know exactly what state your property is in before your tenants move in. As part of our rental property management services, we arrange professional property inventories through an independent inventory company. The inventory will establish in detail the exact condition of the property when first let, which will then be signed by both the landlord and the tenant.
Property inventories are an important part of our landlord property management services as they future-proof any disputes that could take place over potential damage at the end of the tenancy. With a signed inventory agreement to refer back to, tenants will always be much more careful in regards to looking after the property.
Throughout the tenancy, we will use the same inventory expert to carry out interim inspections that will be compared to the original inventory. They will also complete the same checks at the very end of the tenancy too. As a result, you can stay on top of any damage or issues and resolve them early on. This can help to reduce the financial costs to you.
Making Maintenance Easy
As leading experts in property management, Open House estate agents in Leicester want to ensure that both the landlord and the tenant contribute to keeping the property in good shape, which should be the responsibility of everyone involved.
In order for tenants to keep your property well looked after, why not make it as easy as possible for them? For example, keeping the gardens as low-maintenance as possible means that you are less likely to have to pay for a huge clean-up job at the end of the tenancy. By planting shrubs or other easy-to-care-for plants, and minimising the amount of lawn, you can keep garden maintenance as simple as possible and avoid any costly garden maintenance fees once the tenancy has ended.
Putting off inevitable repairs can be tempting when the tenant first raises the issue. However, not acting quickly can often lead to a bigger problem than what it originally was, which can be more expensive to fix too. With a quick-fix attitude, you can address every issue in a fast, efficient, and proactive manner, saving you money in the long-run and keeping your tenants happy.
When you let a property, there are lots of different aspects that need to be covered. Our property management services are perfect for landlords who would like to have the rental income, but do not have the time to deal with the administrative and tenant sides of letting a property.
With our landlord services in Leicester, we’ll take care of all of the financial matters such as deposit handling, rent collection, chasing arrears, issuing notices, dealing with evictions, addressing maintenance issues, emergency problems, and even lost keys. We’ll also be in charge of arranging tenant house inspections too. Landlord services truly take the stress out of letting a property so you can save time and energy and get back to what’s really important to you and your family.
Contact Us Today
If you would like to find out more about our landlord services then get in touch today. Alternatively, you can call 0116 243 7938 to speak to a member of our helpful and friendly team. If you have found this blog helpful, then you may wish to read our previous blog on House Auctions in Leicester.