5 Tips For New Landlords

While there are numerous factors to consider when becoming a landlord for the first time, the better your agent is at guiding you through the full letting process, the smoother and more successful your new endeavour will be. Here are a few things to consider.

Get a realistic valuation

Obtaining a rental valuation is a good place to start. Our lettings team have extensive local knowledge and can guarantee to give you a fair, realistic rental valuation figure.

Finding the right tenant takes time

You’ve finally got your property ready and naturally, you’re eager to have it rented so you can start reaping the benefits of your investment. However, don’t be in such a hurry. Remember, it takes time to get the perfect tenant and taking all the relevant precautions and ensuring all the thorough checks are done will save you a lot of trouble later own the line.

Keep the good tenants

Every landlord strives for tenants who pay their rent on time and treat you and your property with respect. When you find one, do everything you can to keep them. Build a positive and trusting relationship with your tenants, addressing any problems they may have. Establishing a good relationship with your tenants can help you create a long-lasting agreement.

Respond to any tenant concerns

Nobody wants to be disturbed by late-night phone calls about any issues that have arisen at a property, but it’s part of the job. Don’t dismiss any difficulties or concerns raised by your tenant. When possible, every repair should be completed within 24 hours, wherever humanly possible. If that isn’t possible, make sure your tenant is kept up to date on the situation and aim to have it resolved as soon as possible.

Find a respectable letting agent

A skilled rental agent can make the complicated process of marketing your property in the best possible way, locating a tenant, renting the property, and collecting the rent a breeze.

What we can do for you…

We strongly believe that you should have the choice as to how we market your home. We discuss and customise our prices to meet your needs and expectations.

Your personalised marketing programme is designed to achieve the best possible price for your home. In our experience, the first few weeks of being on the market is a crucial period for generating interest. That is why we advertise your home using the very best methods in order to maximise the potential of renting. We understand that renting your property is more than just recommending an advertising price and marketing it to potential tenants. Our team are on hand to manage the move expertly from start to finish. Most importantly, we understand the value of keeping promises and exceeding expectations.

We have a range of packages tailored to suit the needs of our landlords. From introduction only & Tenant find, to Rent collection and managed tenancy, all with a no let no fee guarantee. For more information on our packages, visit https://millermetcalfe.co.uk/lettings/

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