Tenant finds only services + Fees:
Posted on 13th July 2022
Tenant find only services include rental valuation which is where we come to the property have a look round and tell you a guide price of how much rental income you'll get per calendar month, when you are ready to market the property we will take photos of the property and upload it to Rightmove, On The Market and also onto our social media pages like Facebook, Instagram, Twitter.
We will also accompany all viewings that take place.
Once we have found a potential tenant, we then start an application process with a company we use called Canopy which is where the tenants will do their right to rent checks, references, and credit checks.
Once this has all been verified and passed, we then will arrange a date to move in and get a tenancy agreement in place and the deposit paid securely.
This gives you complete peace of mind that your tenant is fully referenced, and credit checked. We also hold all tenant deposits in line with current legislation in a government authorised deposit scheme.
Our fees for tenant find only is £400 + VAT
Required certificates like an Energy Performance Certificate (EPC), Gas Safety Regulations Certificate (GSR) or an Electrical Installation Condition Report (EICR) will be available for an additional cost.
Furnished and unfurnished rental properties:
Are you renting out a property and unsure whether to add furniture or keep it empty?
We personally recommend you leave the property unfurnished as there are now a lot of rules and regulations when it comes to furniture in a rented property.
You must make sure they have the fire safety tags on, all upholstered items must have fire resistant filling material and must pass the match resistant test. White goods can stay in the property but must be fit for purpose.
The law states all electrical equipment supplied in a rental home must be safe.
By leaving the property unfurnished, you avoid all these potential issues.
Plus, many tenants nowadays prefer unfurnished properties as they like to put their own stamp on their new home.
So, it's a win-win situation!
Canopy is a system we use which helps us start the potential tenant’s application process.
We add their contact details to the canopy system, and they will have their own portal to access.
The potential tenants will have to fill in right to rent checks, employment references and if rented before, a landlord reference.
They will also have to do a credit check where they upload their ID and it will do it for you.
After that has all been completed it will come up with either it has all passed and been verified or unsatisfactory.
By using canopy, it helps speed up the process of finding a tenant as everything is stored in one place and can be easily accessed by both the landlord and the tenant.
Difference between tenant find only and fully management:
As a landlord, you have the option to choose between tenant find only and fully managed services from your letting agent.
With tenant find only, the agent will help you to market the property, conduct viewings, and start the application process.
They will also hold the deposit on your behalf.
In other words, tenant find only services are designed to help you find the right tenant for your property.
Fully managed services include all the above, plus the agent will take control of the property management if anything goes wrong.
This is an ideal solution for landlords who live far away from their properties, or who are always busy with work or family commitments.
With an experienced agent looking after your property, you can continue to receive a monthly income even if there are problems with the tenancy.
Can a landlord change letting agent mud tenancy?
Most landlords change mid tenancy if they are not happy with the service provided, found cheaper deals or even down to lack of communication.
If you want to move letting agents all you need to do is to check all your contracts and agreements that was signed and agreed, then give an official notice to the agent.
You should then let your current tenant know the situation.
When you have found a new agent make sure you find one in good time so any information that needs to be transferred from the current agent to the new one then there's the time to do so.
Once the notice period has come to an end make sure to go collect the keys and any other information for the property and sign off any documents ready to start fresh.
Moving agents can be a daunting task but as long as you check everything is in place first it will be a lot easier than expected and hopefully a lot more beneficial for yourself in the long run.
What kind of property rents well?
There are a few different types of properties that rent well. Firstly, areas near to or in city centres are always going to be in high demand from renters.
This is because it is easy to get to and from places with all the transport options available nearby.
Secondly, newer builds are also popular with landlords and investors as they require less maintenance.
Family homes, flats and apartments are also sought-after rental properties, particularly by students who are looking for affordable accommodation.
When it comes to buying an investment property, newer builds are always a good option as they are less likely to need significant work doing on them. Older properties, on the other hand, may need repairs or renovations, which can eat into your profits.
Responsibilities for landlords:
It is the responsibility of landlords to keep their rental properties safe and free from health hazards.
They must make sure all gas equipment and electrical equipment is safely installed and maintained, and that an EPC is provided.
Landlords must also protect their tenants' deposit in a government-approved scheme, check their tenant has a right to rent their property, and give their tenant a copy of the how to rent checklist when they start renting from them.
In addition, landlords are required to fit and test smoke alarms and carbon monoxide alarms and follow fire safety regulations for property in a purpose-built block of flats or for houses and property adapted into flats.
Health and safety inspections may also be required. By adhering to these responsibilities, landlords can help ensure their rental properties are safe and comfortable for tenants.
A property manager can be a great asset to any rental property owner.
A good property manager will screen tenants, collect rent, handle maintenance and repairs, and generally keep an eye on the property.
As a result, owners can often enjoy a hands-off experience when it comes to their rental properties.
And while it is true that property managers typically charge a percentage of the monthly rent as their fee, many owners find that the peace of mind and extra free time are well worth the cost.
Best way to market the property
At The Property Fox, we understand that finding the right tenant for your rental property is essential.
That's why we take care to advertise your property in the right places. Our team is experienced in using a variety of channels to reach potential tenants, from popular portals like Rightmove and On The Market to social media sites like Facebook, Instagram, and Twitter.
By advertising your property on a variety of platforms, we can ensure that it reaches the widest possible audience and increase your chances of finding the perfect tenant.
So if you're looking for a hassle-free way to find the right tenant for your property, contact The Property Fox today.
We'll be happy to help you get started.
WANT TO FIND OUT MORE?
Brilliant, we will be more than happy to speak with you and see how we can help further.
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Tagged as: Lettings
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