We have invested in technology which allows us to monitor tenant arrears on a daily basis. After 4-7 days we contact tenants via telephone, email and SMS to follow up on payments. On the 8th day of arrears (the legal minimum) a Final Notice will be issued to the tenant giving them 7 clear days to bring the rent up to date. If rent is still not paid within this time frame, a Notice to Leave will be issued to the tenant giving them seven days to vacate the property.
We will communicate with you throughout this process and a Notice to Leave will never be issued without discussing the situation with you first. It is our intention at all times to minimise any loss to the owner so these actions need to be carried out promptly.
With almost 99% of all our prospective tenants using the internet to find homes online and a majority of our current tenants paying electronically, it’s clear that an agent’s location is a concern of the past. Because of this we can quickly and easily rent out properties in a very large geographic area. We can also very quickly assess rents in any given area to determine what the right amount of rent is for a particular property.
It is not compulsory to have landlord insurance on your property. However, we do recommendation that every landlord has an insurance policy in the event of a tenant not paying rent, departing the property early or damaging the property. It also includes public liability and limited cover for contents (e.g. floor coverings, curtains).While there are plenty of options out there, we suggest choosing very carefully. Many policies provided are worthless! Be sure to look at how well a policy can cover unpaid rent, liability claims, damage to contents and extreme weather, and most importantly have a look at the excess conditions.
There are only a handful of specialist landlord insurance providers. The most common insurer across properties managed by Robert Manning Lettings is Trevellyan Insurance Brokers. If you’d like us to point you in the right direction, feel free to ask.
You will get the best indication of what your property should rent for by closely comparing it to other properties similar to yours that are currently being rented, or have just been rented, in the same area. Market forces will determine exactly what amount of rent you achieve. Click here to get a free Rental Appraisal
There are three main costs involved in letting your property. The first is arranging an Energy Performance Certificate (EPC), which we will be happy to organise for you. It is a legal requirement that this is ordered prior to marketing and will need to be made available to your prospective tenants.
You will also need to organise an Inventory and Check In report, which our Letting Agents will also be happy to arrange for you FREE OF CHARGE as part of our fee.
Finally, you will need to pay an agency fee which will be charged as a percentage of the agreed rental price. Our expert agents will be happy to discuss details of this with you following your free, no obligation rental valuation – call us on 0203 725 8399 to organise.
As 88% of property searches begin online, we understand the importance of ensuring maximum online exposure for your property. We will promote your property on our main website robertmanning.co.uk which receives over 1000 hits a week, alongside all the major property portals – including Rightmove and Zoopla.
We will also take professional photos – research shows that properties with good photos will get 10x more enquiries and are more memorable – resulting in a higher number of enquiries.