Providing an excellent letting management service to Landlords is about organisation, attention to detail, and managing tenants not just the property.
The legislation surrounding the private rented sector grows ever complex, and you want a Letting Agent that can guide and advise you, and makes sure you avoid costly pitfalls and remain on the right side of the law.
As qualified licensed members of the National Association of Estate Agents, as well as members of the Scottish Association of Landlords we ensure we stay on top of the ever changing legislation surrounding the private rented sector.
It is no surprise that one of the keys to a hassle free experience as a Landlord is good tenants, and beyond that making it clear to them what their responsibilities are.
All our tenants are thoroughly vetted by an independent insurance company, but we also exercise our own experience, just because someone has a job and a good credit score, it doesn’t necessarily mean we are letting them into your property.
It is our experience that good tenants appreciate dealing with a responsible letting agent and landlord, and will often stay with us as their property requirements change.
Managing Your Property
We are completely flexible and transparent about how we manage our Landlord client’s property. When it comes to maintenance and compliance issues, you tell us how you want us to manage it.
If you choose to use our contractors, we don’t earn any referral fees, and we only recommend people we trust. A fair price for a good service, it’s as simple as that.
If you wish, we will produce a detailed inventory of the condition of your property complete with dated photographs, which we get tenants to sign before they move in. This will be referred to at the exit inspection and as part of our service we will deal with the deposit holders on your behalf.
Buy to Let Investments
Pension reforms mean that at age 55 you can consider taking your pension savings and investing them without the requirement to purchase an annuity.
If this is something you are considering, then talk to us!. We are more than happy to provide free advice, with no obligation, on how to make the right buy to let investment.
There are number things to consider
Rental yield; The gross yield is calculated by dividing the annual rental by the cost of the property. So for example if the purchase price was £100,000 and the monthly rent earned was £500, this would be 12 x £500 = £6000/£100,000 = 6%.
This is before maintenance costs etc, but you should be looking to achieve a gross yield of at least 6%.
Is it just an investment?; Be careful of choosing a property to invest in if you are also considering that it may be used by you or a family member at some point in the future. Your requirements may not equate to a sound buy to investment property with good “let-ability”. Similarly Landlord’s often only look in areas they know which again does not necessarily mean you looking at the best buy to let investments.
Our residential letting agency services are provided through Paul Rolfe Letting, a partnership wholly associated with Paul Rolfe Estates Limited.