Letting your property can appear to be a complex process, but with our useful letting guide below, you can be sure of how the process works. If you would like further guidance or have any questions then contact us here (link), we would be happy to help in any way we can.
Step 01: Getting an accurate Valuation
Before letting your property you must decide a realistic rental income figure. Rent may be the deciding factor for many prospective tenants, so it is vital that you don’t aim too high or low. With our considerable knowledge and experience of local property markets in Catterick, Richmond and the surrounding area, we can provide you with an accurate valuation of your property and help you decide upon an achievable rental figure.
Step 02: Choosing an Estate Agent
Whilst going it alone in the rental market is doable, using an agent will make the whole process smoother. At Love Property, we can use all our knowledge, experience and resources to help prepare you and your property for tenancy, from valuation to completion. We can help take the stress out of letting completely by managing your property for you. We can give you peace of mind by handling all letting matters such as rent, maintenance and legal issues.
Step 03: Presenting your property
First impressions do count. To achieve the best possible price, it is important that your property is looking its best. Time spent making minor improvements to the property’s interior and garden or even just a good de-clutter could improve the value of your property.
We can arrange a visit to offer tailored advice on how best to show off your property and maximise your rent.
Step 04: Preparing your property for tenants
Before letting it is important to undertake a full inventory to have a record of the state and contents of the property before tenants move in. We can help you to understand the legal requirements and responsibilities of being a landlord, such as being responsible for maintenance and major repairs. This includes the latest changes in the law, such as fitting smoke alarms, ensuring your property complies with all regulations.
Step 05: Marketing your property
Once you and your property are prepared for tenancy, it is time to utilise effective marketing to ensure the most exposure to prospective tenants. We can make use of the latest professional photography to capture your property in its best light and share this across various platforms including our own and leading property websites like Rightmove, local newspapers and social media.
Step 06: Viewings
With our extensive knowledge and experience of the property market in Catterick, Richmond and surrounding areas, we can help you to understand what prospective tenants are looking for in the area and help you get the most out of viewing opportunities. We accompany all viewings as part of our standard service, ensuring the process runs as smoothly as possible.
Step 07: Recieving an Offer
As soon as you receive an offer we will contact you right away, and are always on hand to supply updates, help and advice 7 days a week.
Whilst there is no guarantee that your chosen tenant will keep your house in perfect order, we take pride in our ability to choose quality tenants through a process of thorough vetting.
Step 08: Agreement of Tenancy
Once you have accepted an offer we will collect references and the moving in payment, as well as arrange for the Tenancy Agreement to be signed. If you wish your property to be managed by Love Property we can carry out all aspects of the agreement.
Step 09: Completion
Keys will be released upon completion. If you are managing your own property, it is important to take some time to explain how the various systems and appliances work throughout the property to ensure your tenant can both take care of your property and stay safe in case of an emergency.
Congratulations! You will have successfully let your property.
For more information about the letting process and managing your property during tenancy, contact us today.