At Holmes Estate Agents, we are pleased to say we have worked closely with many South West London landlords. No matter how much experience you have in the industry, it never hurts to go over the letting fundamentals, and how they affect your business.
Make a positive first impression
Even though there is a high demand for rental property, you still need to make a positive impression on prospective tenants. You want your home to stand out from your peers on property portals. Also, when prospective tenants view your property, you want them to imagine living in the property.
You should consider who your most likely tenant is, and then provide them with a rental property that meets their needs. You should decorate in a tasteful and straightforward manner, and you don’t need to spend a lot of money upgrading the home.
Ideally, you should offer a clean and spacious property, and you’ll have a fantastic starting point to let the property.
Know which industry regulations impact you
Even experienced agents struggle to keep up to date with the rules affecting the letting industry. In 2019, we have witnessed many new Acts, and it is your responsibility to keep up to date on these matters.
If you need assistance in managing the impact of the Tenant Fees Act or need help in complying with the Homes (Fitness for Human Habitation) Act, we are here to help.
Other regulations you need to consider are MEES and the Energy Performance Certificate, and you must provide tenants with a copy of the Gas Safety Certificate.
Stay on top of your finances
All businesses need to manage their finances, and this is the case for landlords. The letting industry is coming to terms with the Tenant Fees Act. This Act removes many of the fees landlords can charge. With many of these fees relating to the start of the rental agreement, landlords have to manage their money better.
If you need assistance in complying with these changes, or managing your finances, get in touch with Holmes, and we’ll be more than happy to assist you.
Stay on top of repair and maintenance work
As a landlord, you are responsible for repair and maintenance work around the home. You should conduct regular viewings while providing tenants with notice, and be proactive in caring for the property. Maintaining the condition of the rental accommodation offers short and long-term benefits for landlords.
If you’re a landlord looking for assistance in managing your South West London property, please get in touch. At Holmes Estate Agents, we are more than happy to provide you with the support and guidance you need to run your business and provide tenants with a high standard of service.