We understand that your rental property is a significant asset and that your principle objective is to maximise the return on your investment, both in terms of rental income and capital appreciation. Letting out a residential property can be a great investment, but there are a few things to look out for. We can assist you find the right tenants and achieve the right rental price for your property.
Free Valuation of Your Home
Our valuer will provide you with a FREE no obligation, realistic valuation of your property. The valuation will be based on good comparable evidence, current demand and will provide you with up-to-date advice on the local rental market. We will discuss the best type of service that suits your needs and advise on the current regulations.
Let Only or Full Management
We offer two levels of service – Let only and Full Management.
Let Only Service
- Marketing and Contract Holder selection
- Arranging viewings
- Referencing of proposed Contract Holder
- Arranging inventory and schedule of condition – if required
- Arranging Energy Performance Certificate – The cost of this would be paid by you to the EPC provider
- Arranging the drawing up of the Occupation Contract
- Arranging transfer of council tax
- Our fee for Let only is £400 (No VAT), should you wish us to carry out an inventory/Schedule of Condition the total cost would be £500 (No VAT)
Full Management Service
In addition to points above:
- Arranging check out
- Transfer of rent
- Monthly statement of account
- Arranging repairs
- Regular property inspections
- Payment of outgoings on your behalf
- Arranging transfer of council tax at check out.
- Our Commission rate is 12.5% (no VAT)
Additional Charges
Please note that we make an initial charge of £180 (no VAT)
For advertising expenses if your property is advertised in the local press.
Erecting and removal of To Let boards
The Housing (Wales) Act 2014 has now come into effect. Clients have to register their properties with Rent Smart Wales; currently costing £33.50. We will charge an administration fee of £50, this is for a period of 5 years.
VAT
Please note that we are not VAT registered.
Getting Ready For Let
The most important factor in renting your flat or house quickly is to ensure that it looks its best. First impressions count, so preparing you property will make all the difference. Here are a few tips to help prepare your property for letting.
- Get those little jobs done – don’t overlook the things you don’t mind
- Keep it simple – Clutter free works best
- Decorate neutrally to please all tastes
- Light and bright – good lighting and clean windows makes all the difference
- Outside – the front should look inviting and the gardens neat and tidy
Finding The Right Contract Holder For You
Once given the go ahead to proceed we will prepare informative property details to provide to prospective Contract holder. We have a mailing list of prospective contract holders looking in the local area and we will telephone/email to try and make immediate appointments.
Advertising
Your property will be featured in the window of our office. We will advertise you property in the Property Post upon your request, our distinctive ‘To Let’ boards not only provide 24 hour advertising, but also help tenants locate your property.
Safety Regulations
As a landlord you have an obligation to ensure that your property complies with all the necessary regulations covering the safety of gas appliances, electrical installation and any furnishings supplied for the Contract. We can advise you on this and arrange the necessary inspections and certificates on your behalf.
Energy Performance Certificate
All rental properties require an energy performance certificate showing how energy efficient the property is. They have to be carried out every ten years and we can organise this on your behalf.
Referencing
We want Contract holders that are going to look after your property as if it were their own and pay their rent on time. Not only do we use our own judgment in assessing a applicants suitability, but we also employ the services of a specialist referencing company. They will carry out credit checks etc. The process will expose any issues that may be relevant.
Inventory
A comprehensive inventory is essential for the proper management of your property. A good inventory will help minimise disputes arising in respect of the deposit. We will carry out a thorough inventory inspection when the tenant vacates.
Deposit
We ask for an amount equal to one calendar months rent as a deposit from the Contract holder. We are members of The Deposit Protection Service (DPS) in accordance with the requirements of the Housing Act 2004. This provides a dispute resolution service should a dispute arise about the allocation of a deposit. All deposits are placed with The Deposit Protection Service.
Trusted Tradesmen
If any repairs are required, we will liaise with the Landlord and decide the best way to proceed. We have access to several experienced, reliable tradesmen who we can instruct on your behalf.
Professional, Experienced and Knowledgeable
Having worked through good and bad housing markets, we have the experience to handle all aspects of your tenancy. We have excellent knowledge, not only about the letting process, but also the local area, which proves invaluable to both landlords Contract Holders alike.