Are you a Landlord or thinking of becoming one? Burnley is being recognised as a great place for investors looking at buy-to-let properties. We have affordable housing stock, we’re in a great location and with the increase of students expected over the next five years there’s few better places in the North West to invest. With that in mind we’ve put together some of the most important factors a landlord should consider when it comes to letting out a property. Whether you’re a ‘first timer’ or an experienced landlord, whether you are already using a letting agent or are used to managing the property yourself – our research reveals that three requirements are key for landlords.
These three factors may sound obvious, but here they are
- Firstly, landlords want to find the right tenant quickly to avoid the property being empty and not generating income.
- Secondly, they want a tenant who will look after their property
- And finally they want to be assured that they will get paid their rent on time and the property is being cared for.
With the use of the latest industry leading software and I.T., Petty Real Lettings will market your property extremely quickly (often within hours of being instructed!) or immediately that your current tenant has given notice to leave should that be the case. Your property will be evaluated to ensure that we are advertising at the optimum rental value given the current market conditions. Our dedicated and experienced team will then contact prospective tenants on our extensive database to identify who would suit the property. It will then be advertised on Rightmove, On the Market ,Zoopla and our own website as well as benefitting from promotion across local newspapers and numerous social media channels including Facebook and Twitter. This ensures that we find you a new tenant quickly, which avoids your property being empty and the dreaded ‘void period’!
Once a tenant has been found and an application has been made, our award-winning and highly experienced property management team carry out a stringent referencing process to ensure the prospective tenant is suitable. This will include right to rent checks, financial checks, employment referencing and a previous landlord reference if that is possible. Our dedicated property management team will also ensure that the tenancy complies with all the numerous legal responsibilities that a landlord has nowadays. These legal requirements are constantly changing and the penalties for non-compliance can be severe for a landlord as well as the letting agent. We carry out a detailed inventory and arrange regular inspections of the property throughout the tenancy to continually assess the condition. We firmly believe that by being diligent at all stages we can ensure that our landlords have the best tenants possible, who will look after the property and pay their rent each month.
To find out more about how the award winning team at Petty Real Lettings will find you a tenant quickly, who will look after your property and pay your rent on time contact our offices today.