Establishing the initial rental price is essential, but it is only one element to consider when determining the true rental value of a property. Our letting agents offer extensive expertise and market insights that are invaluable. They also provide guidance on factors such as service charges in apartment rentals, helping determine what to include in the base rent and what to price separately.
Setting the correct rental price can mean the difference between securing a tenant quickly and having the property remain unoccupied for extended periods, resulting in a loss of potential rental income.
Property Marketing
While some property listing websites are available to landlords, independent landlords often have limited access to the full spectrum of rental marketing channels. Additionally, landlords typically manage all viewing appointments with prospective tenants themselves.
In contrast, a letting agent in Luton has comprehensive access to multiple marketing platforms for rental properties, along with a substantial database of prospective tenants. This allows us to promptly share property details with interested parties and conduct extended viewings, even outside standard hours, to accommodate tenant schedules as needed.
The greater the number of qualified prospective tenants viewing a property, the higher the likelihood of quickly securing a suitable tenant at an optimal rental rate.
Tenant Referencing
Selecting an ideal tenant, particularly in cases involving corporate rentals, is critical to reducing the risk of future issues. Proper referencing and background checks play a key role in this process.
Effective tenant referencing includes thorough financial and background checks, as well as character references from previous employers and landlords. This process is essential, as renting a property without comprehensive checks may not meet legal rental standards.
By engaging the services of our letting agents in Luton, landlords allow us the authority to conduct financial, legal, and immigration verifications, as well as full reference checks. Achieving a favorable return on rental investment largely depends on selecting the right tenant through a rigorous screening process.
Tenant Contracts
A tenancy agreement is a critical legal document and should not be left to chance. While free tenancy agreement templates are available online, these often contain legal jargon, and may include errors or omissions that could lead to significant complications if a dispute with a tenant arises.
Poorly constructed lease agreements are a primary reason for many of the issues landlords face when addressing rental concerns that escalate into disputes.
We strongly advises against compromising on quality in this area. For expert assistance with all aspects of rental management, contact us today.
