Do It Yourself Landlords

If your looking to let your property yourself, you need to be clear about what you ultimately want, for example if your looking for one tenant, professional couple or a family, will you be near the property or living away, how long do you want to rent the property for. Try and consider what you need to spend on presentation prior to renting plus the ongoing maintenance costs.

The housing market covers a whole spectrum, consider who is your target market? This is very important to know what sort of tenant you want and are those realistically the people who want to rent your property?. Try to find similar properties in the area to gauge the market price, catchment area of either a town or city centre, universities etc..

What is so important is to 'Get legal' as you will need documents to be signed between you and the tenant and these can vary considerably depending on what you want to agree on. You must consult you mortgage lender as they may ask that you let on an Assured Short-hold basis. Let your insurance company freeholder know! if you don't then you may not be covered in the event of fire or damage. Plus take advice from an accountant or financial advisor for you personal tax returns.

Its important to build a good landlord-tenant relationship as you may be dealing with your tenant for many years to come, so make sure that you are available to deal with any issues and problems that may crop up, listen to the tenants concerns, be prepared to negotiate and discuss problems quickly. Don't forget to visit your tenant on either a 3 to 6 month basis (do this by prior arrangement only), arrange for your rent to be paid by standing order on your preferred date and always arrange for repairs to be carried out as soon as necessary.

Don't forget that a Do-It-Yourself landlord is on constant call, so you many find yourself leaning over someones else's blocked sink on a Sunday morning with a plunger, sorting out a flood or frozen pipes on Christmas morning. It's understandably not to everyone's taste so make sure you consider all the options. 

How can R&W Lettings help you?

We can take the stress out of the initial stages by finding you a suitable tenant and complete all the relevant documentation up to signing the lease and handing over the property. You will then take the reins and continue to be their first point of contact and deal with any management of the property relating to repairs, inspections and collection of rent and dealing with their notice to quit etc.

We will advertise your property on our own website plus rightmove.com, interview the tenant prior to the documentation process and keep you updated throughout the process to insure that you are happy with your new tenant.

If you feel that the management of your property yourself is too much ongoing, we also offer a full care service from start to finish... to read more click on the "Our Services" link below.

Contact Us:

To find out how you can benefit from using our services call 01423 568866 / 0113 816 0186 or 0113 350 1638. We offer a free no obligation meeting to start the process. Contact us now - we are here to help you save time and money.

title title title title title
Image Title
R&W Letting and Property Management

Harrogate Office:
 
Southfield, Station Parade, Harrogate, North Yorkshire, HG1 1HB
Telephone: 01423 568 866

Leeds Office: 
1 Broadgate, 22/26 The Headrow, Leeds, West Yorkshire, LS1 8EQ
Telephone: 0113 816 0186 / 0113 350 1638

Registered in England. Company registration no.: 07409329. VAT no.: 758 5033 15

Website © 2016 R&W Letting and Property Management. All rights reserved.
Design by GOBO   www.designbygobo.com