What is a fully managed service and why do I need it?
A fully managed service is the most comprehensive level of support that a letting agent can provide for landlords. With a fully managed service, your letting agent takes care of everything from finding suitable tenants to dealing with day-to-day issues and managing maintenance and repairs. This means that as a landlord, you can enjoy complete peace of mind knowing that your property is being taken care of by professionals. A fully managed service is particularly valuable for landlords who do not have the time, expertise or inclination to manage their property themselves.
Is my money protected as a Landlord?
Yes, your money is protected as a landlord. At our letting agency, we are members of a professional body that regulates the industry and ensures that our clients' funds are protected. We also use secure banking systems to safeguard your money and ensure that it is kept separate from our own funds.
Will I need to pay tax on my rental income?
Yes, as a landlord, you will need to pay tax on your rental income. However, the amount of tax you pay will depend on a range of factors, including your total income and the expenses you incur in relation to your rental property. Our letting agents can provide advice and guidance on your tax obligations and help you to maximize your rental income.
How will I receive my rental income?
At our letting agency, we make sure that our landlords receive their rental income in the most convenient way possible. We can arrange for payments to be made directly into your bank account on a monthly basis, so you don't have to worry about chasing up rent payments from tenants.
What happens if a tenant doesn't pay their rent?
If a tenant fails to pay their rent, our letting agents will take swift action to resolve the issue. We will contact the tenant to remind them of their obligations and take legal action if necessary. We have a proven track record of successfully recovering unpaid rent and ensuring that our landlords are not left out of pocket.
What happens if a tenant damages the property?
In the event that a tenant damages your property, our letting agents will work with you to resolve the issue as quickly and efficiently as possible. We will liaise with the tenant and arrange for repairs to be carried out, ensuring that your property is back to its original condition in no time.
Why do I need an energy performance certificate?
An energy performance certificate (EPC) is a legal requirement for landlords who wish to let their property. An EPC provides information on the energy efficiency of your property and provides recommendations on how you can improve its energy efficiency. This helps to reduce carbon emissions and lower energy bills for tenants, making your property more attractive to potential renters.
What other certificates will I need?
In addition to an EPC, you may also need a gas safety certificate, an electrical safety certificate and a legionella risk assessment certificate. Our letting agents can provide guidance on which certificates you need and help you to arrange for them to be carried out.
Do I have to inform my mortgage lender before I let my property?
Yes, it is important to inform your mortgage lender before you let your property. This is because your mortgage lender may have restrictions in place that prevent you from letting your property without their consent. Our letting agents can provide advice and guidance on how to inform your mortgage lender and what steps you need to take to ensure that you are compliant with their requirements.