First and foremost – getting that property ready to let! A well-presented property obviously makes a positive visual impact when prospective tenants come to view it and hence is likely to let more quickly and minimise void periods. The property should, as a minimum, be clean and tidy and all appliances should be checked to ensure that they are clean and in good working order. Remember that prospective tenants are likely to be viewing other properties, not just yours!

Here at Hawkins Sales & Lettings we recommend that decorations should be kept plain and simple using conservative colours such as light pastels, magnolia and white. This will present a modern and clean look to the property, which in turn can match with almost any furnishings the tenants or landlord wish to add to the property. Keeping things simple and modern in taste allows tenants the opportunity to visualise their own personal belongings in the property and gives a great first impression, which will always win over good tenants.

These guidelines will help to get the property looking its very best:

  • Tidy gardens and cut the lawn – first impressions count!
  • Clean and tidy the inside
  • Beware of unwanted smells
  • Clear all clutter
  • Carpets clean and swept
  • Carry our remedial decoration (inside and out!)
  • Fix or replace and broken items
  • Brighten up rooms generally
  • Services should be connected (gas, electricity and water)
  • Keep heating on in winter if empty. This is inviting for guests!
  • Put in energy saving equipment where possible – low on landlord maintenance and cheaper bills for tenants.

So what do tenants want?

These are some of the items that would attract a tenant to a property. This is also a good guide for Landlords when preparing their property for letting.

  • Modern facilities
  • A low maintenance property
  • Reasonable outgoings/bills
  • Long-term security at the property such as long-term tenancies.
  • Good general security, such as window locks and mortice locks on doors.
  • Good standard furnishings
  • Easy going and fair landlords
  • Good decoration and presentation of the property
  • Clean and bright rooms
  • Showers/power showers
  • Central heating
  • Good location and neighbours.

 

What services do you provide?

Full Management Service

Let Only Service

Free market appraisal

Free market appraisal

Full marketing packaging including full particulars with pictures, measurements and floorplans, web advertising, newspaper promotion, accompanied viewings and feedback

Full marketing packaging including full particulars with pictures, measurements and floorplans, web advertising, newspaper promotion, accompanied viewings and feedback

Accompanied viewings

Accompanied viewings

Full referencing service on all applicants

Full referencing service on all applicants

Preparation of the appropriate Tenancy Agreement

N/A

Full independent Inventory, Schedule of Condition with photographic evidence

N/A

Taking a deposit from the tenant (equivalent to one and half x monthly rent unless otherwise instructed) and registering the deposit with the Tenancy Deposit Scheme

Taking a deposit from the tenant (equivalent to one and half x monthly rent unless otherwise instructed) and registering the deposit with the Tenancy Deposit Scheme

Receiving the rent monthly and paying over the to the Landlord monthly

N/A

Transferring of utilities – gas, electric, water, council tax etc

N/A

Periodic visits

N/A

Co-ordination of repair and maintenance issues by qualified and competent team

N/A

Comprehensive list of services in schedule of fees (please contact us to discuss further)

Optional extras in schedule of fees (please contact us to discuss further)

So which one is best?

This answer lies with yourself and yourself only! Let only service will allow you to handle everything yourself. That means dealing directly with the tenant from start to finish and also managing and maintaining the property. You’ve also got the responsibility of keeping up with all the legal obligations and managing any tenant disputes. If you are hands on and monitoring the ever changing regulations then this may be suitable.

Full management service is the ‘hands off, feet up’ option, where the agent manages the entire letting and management process from start to finish. Protecting you and working for you to ensure the tenancy runs smoothly and the value of you asset is retained and improved. If things should take a turn for the worse, we are on hand to provide valuable assistance, advice and assurance.

Buy to let isn’t as simple as buying a property and letting it to any tenant like back in the 1900s. Legal changes have come in since 2004 and this means that property management really needs to be carried out with specialist knowledge and by professionals who are working in the industry on a day-to-day basis due to the complexity. Legal changes are being introduced more and more and it is proving easy to catch out landlords who are law-abiding but end up falling foul of the law simply because they just aren’t aware! With all these legal requirements and the constant changes, having your property professionally managed is always a better way to stay on the right side of the law.

A lot of landlords also don’t realise their agent’s fees are tax deductible. That makes the ‘real’ cost to you 20% or 40% cheaper than the ‘gross’ charges that the agent makes. So most property management charges are actually very cost effective, especially when you consider how much work agents do to keep up to date with the demands of tenancy law.

Although it can be fun to look after a property and tenants, all the new rules, regulations and potential fines have turned property management into a full time job, rather than something that can be done on the side. Here at Hawkins we have a fully trained, highly educated Property Management team who are always on hand to help! So whether you live down the road or you are out of the country, perhaps it’s time to reconsider how you manage your property portfolio. Why not contact Hawkins Sales & Lettings if you have any properties throughout the Nuneaton, Coventry or Bedworth area so you can relax and enjoy life while we protect and manage your investments!