Why choose us?
Whether you’re a landlord with one property, or a landlord with a large portfolio, we want to give you the very best when it comes to letting and managing your property/s and we’ll do so with the utmost professionalism and integrity. Your needs are paramount, which means that our business is tailored to suit a broad range of needs. In choosing your agent, don’t automatically opt for the agent that offers the lowest fee. This may prove a false economy.
1. What should I do to get my property ready?
Finish off any DIY jobs, a fresh lick of paint, professionally clean the carpets, tidy up the garden. Look at your property through a prospective tenants’ eyes, after all it will be their home for a period of time. You want to show your property in the best possible light to attract the best quality tenants who will look after your property.
Furnished or Unfurnished
Do you want to let your property furnished or unfurnished? If you are able to offer both options, it will mean that your agent can market it to a wider audience.
It is essential that your property is not only habitable but also safe for your tenants and there are certain requirements that you must comply with:
It is a legal requirement that you have an Energy Performance Certificate. You will not be able to market your property without one, so arrange this straight away. They are valid for 10 years.
Gas Safety Certificate
You will need to carry out annual gas safety checks on the property by a registered Gas Safe engineer
Arrange to have all portable appliances tested (PAT Test) annually also
All properties built after 1991 must be fitted with mains powered alarms, if your property is older than this do still get smoke alarms fitted as a must.
Furniture and Furnishings
It is illegal to provide furnishings that do not comply with the 1988 Furniture and Furnishings Fire & Safety regulations, so do check.
It is advisable to prepare a professional inventory before your tenants move in. This will help avoid any issues that may arise at the end of the tenancy. Alexanders can recommend a professional inventory company.
2. Your tenants
Try to keep an open mind about your potential tenants and don’t set unrealistic expectations as this may reduce your target market. Are pets something you have considered allowing? Potential tenants may try and negotiate on the price. Depending on the offer, it may be worth weighing up if the price you want is worth holding out for, or is it better to accept it and reduce the time the property is empty. Alexanders will always give you help and advice.
3. What kind of service are you after? The choice is yours!
Consider how much involvement you want to have with your tenant and property. Day to day maintenance, monthly rent collection and other responsibilities may affect your current lifestyle in a way you do not want. Whether you are a hands on landlord or one that wants the hassle of lettings taken away then we can tailor a service package that’s best for you.
Many tenants prefer a property that is managed by the agent as It gives them peace of mind. Our fully managed service is the simplest way for you to start generating revenue from your property.
We take care of the whole process for you, from erecting a board outside your property, finding you a tenant and carrying out rental assessments to handling all aspects of the day to day management of your rental property providing you with a full management service to include a full inventory and condition report, deposit management, rent collection, quarterly property inspections, tenancy renewals, arranging any maintenance quotes and repairs and of course being the first point of call for the tenant.
This is what the majority of our landlords choose to do with their properties as it allows you to step back completely and take it easy knowing you are in safe hands, let us take the stress.
This service is better suited to the Landlord who likes a hands on approach. We will still market your property in the same way through Rightmove, Zoopla and Prime Location as well as our own website. We will accompany all viewings and then when a suitable tenant is found we will verify their credentials by carrying out all relevant checks and handle all the paperwork before they are able to move in. You will then take the lead on the day to day management.
4. What’s it going to cost me?
Fully Managed – 15% of rental income + VAT (for the term monthly)
Instruction Fee – 50% of a month’s rent + VAT
Let Only – 50% of a month’s rent + VAT
If you’re the type of person who is a bit more “hands on” than the average person, then perhaps our Let Only service is better suited to your needs. Our “Let Only” service includes listing the property the same way on Rightmove, Zoopla on our website, conducting viewings, verifying the tenant’s credentials by carrying out all the relevant checks, collecting the 1st months’ rent and bond and guiding the tenant through signing the tenancy agreement. Once they’ve signed the lease we hand your new tenants over to you and you go from there.
Inventory Fee – £TBC (Depending on size of the property)
Renewal Fee – £65 + VAT
TDS Bond registration – £10 + VAT