Landlord Services - Questions and Answers
The first hurdle to get over is that renting property is not the one long headache many assume it to be. Yes there are pitfalls and potential problems but most can be avoided.
To let or to sell?
A difficult question, the answer to which is dependent on individual circumstances. However what is certain is that the rental market is growing. The returns we are getting for landlords after mortgage payments and our own fees can be staggering. Property is a first class investment when handled efficiently. Capital gains are combined with a continual source of income.
To go it alone or to manage?
It is indisputable that many landlords do very well collecting their own rent and arranging their own repairs. It comes down to how much time, patience and experience you have. A good agent can obviously save money in marketing and re-letting costs particularly when the agent does not charge tenancy renewal or re-letting fees.
What do we do for our money?
We advise you on realistic rents, tenancies, marketing strategies and management of the property. We also prepare your home in readiness to let. We generate and arrange all viewings. We find good tenants, obtain credit references where required, guarantor forms, proof of earnings and previous landlord references. We sign up legally binding leases. We collect the rent. We maintain or advise on maintenance to keep your home in the standard you left it. We pay your rent to a nominated bank account. We provide detailed accounts.
Why Pailthorpe Property Services?
We have an extensive knowledge and experience of the lettings market. We have developed systems and relationships that form a fundamental basis of our operation. We have landlords, tenants, staff and suppliers, many of whom have been with us for over 9 years.
Maintenance?
We deal solely with rented accommodation and are owners of property ourselves. As such we have a greater commitment to efficiency. Our maintenance staff, who are skilled Corgi engineers and Joiners are employed by us direct and are charged at a rate to cover costs only. Sub contractors are used at very favourable rates for less skilled labour such as carpet fitting and decorating.
We are value for money
A competitive rate of 10% gross rent + 1st months rent for our Full Management Service gives you piece of mind and confidence that your property is being managed in a competent and professional manner, taking away many stresses of buy-to –let property management. You’ll also find our Part Management Service Find service of just 1 month let also very attractive ensuring your property is let and you’re receiving a rightfull income for your property.
Am I left out of the equation?
It is totally up to you. We have landlords from whom we hear once a year, usually to wish us a Merry Christmas! We also have landlords who live down the road who will monitor us every step of the way. We are happy to have as much or as little involvement from landlords, as they prefer.
The overriding aspect is that the property is yours and that we work for you.
Is it that simple?
The truth is that the letting of property is a complex business. There are many anomalies in the law that in the worse case can lead to people being legally allowed to squat in your home. (This has never happened to a property in our care.) Similarly there are laws, too numerous to go into here, governing the furnishings and gas appliances in rented property. Our point however, is that renting your property need not be a nightmare. Leave it in the hands of the experts.
What do I do now?
If you are interested in what we offer give us a call or an e-mail. We will give you good honest advice and a free appraisal. We'll send you a management pack or make an appointment to see you at the property, whichever you wish.