Let It Be

Sound advice for would-be landlords.    

If you are thinking of letting a property or becoming a buy-to-let investor, there are some important rules to remember.  Here Ray Linton of Anthony Stuart Estate Agents in Edgware offers his advice for would-be landlords.

First of all, if you are looking to buy a property for letting purposes, ask your local agent what kinds of properties tenants are looking for and possible rental values before buying.

Keep interiors clean and modern. Neutral décor with a modern kitchen and bathroom is always a hit with prospective tenants.

Think about what kind of tenants you are looking for.

  • Decide if you will let the property furnished or unfurnished (being flexible may secure a tenant quicker).
  • If letting furnished, any upholstered furniture should comply with safety regulations or be removed.
  • Have the property professionally cleaned (including carpets) and carry out repairs.
  • A professional inventory should be prepared detailing the condition of the property and contents. This is important now the new Tenancy Deposit Scheme laws are in force.
  • You must obtain your mortgage company’s permission to rent out the property.
  • Inform your insurer that the property will be rented – otherwise future claims may be invalid.

Most importantly choose a lettings agent that is a member of ARLA for added security and invite them to carry out a free market appraisal.

Choosing the right lettings agent can be vital to finding the right tenants and maximising your rental income. Here's some advice for choosing an agent.

1. Always choose an agent, like Anthony Stuart, who is a member of a professional body such as the Association of Residential Letting Agents (ARLA).

2. Personal recommendation is always a good way to find out the best agents, so ask someone you know who has been a tenant or landlord for suggestions.

3. Check out the services an agent offers and find out what you will get for your money. Consider whether you want a ‘let only’ or ‘fully managed’ service.

4. Choose an agent who has experience in letting properties similar to yours and who you think will attract the right kind of tenant.

A member of ARLA, Anthony Stuart is geared up to help would be landlords and tenants offering a full lettings and management service. Their professional team of consultants can advise on all aspects of lettings to help obtain the highest achievable price for a property. Providing free rental assessments without obligation, experienced consultants, carefully vetted tenants and advertising, the agency can ensure a property is successfully let in the fastest possible time.

Established over 20 years ago in Edgware, Anthony Stuart has an exceptional knowledge of the local area and property market in Edgware and Stanmore. For further information on Anthony Stuart, please call telephone 020 8952 5533 or visit www.anthonystuart.com.


 

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