Having an empty property can be stressful. In order to maximise the return on your investment you need to act fast to find a reliable tenant who will pay the best price. Here are some key steps to reaching this goal.
1. Step 1 Accurate valuation
Our expert valuers carry out thousands of valuations every month giving us intimate and unparalleled knowledge of property values in your area. This is why we consistently achieve the asking price across all our clients' properties. Call us on 0800 369 8667 or complete the rental valuation request form.
2. Step 2 Choosing an agent
When choosing a letting agent consider their opening hours, when they will be available to conduct viewings and what kind of marketing your property will receive. These are critical to obtaining the maximum price for your property.
3. Step 3 Maximum exposure
When you instruct Let Wise to market your property you will automatically benefit from our unrivalled, comprehensive marketing package.
Our team of specialists will, in just one visit, collect all marketing elements for your property including: Colour photographs, key information and have a marketing brochure live on our website and associated online portals within 24 Hours, alongside local information, location maps and a printable colour brochure.
4. Step 4 Safety regulations
As a landlord, you have an obligation to ensure that your property complies with all the necessary regulations covering the safety of gas appliances, electrical installations and any furnishings supplied for the tenancy.
We can advise you on this and arrange the necessary inspections.
5. Step 5 Viewings
To maximise viewing opportunities, ensure your agent is open during evenings and weekends.
Our offices are open 9am-8pm Monday to Friday and 9am-5pm Saturdays, Sundays and Bank Holidays. Our phone lines are open 8am-8pm, 7 days a week.
Our longer opening hours are essential - over 40% of viewings are carried out after work and at weekends.
6. Step 6 A suitable tenant
Once a suitable tenant has been found, we will apply for references on your behalf. If the tenant proves to be acceptable, we then proceed to the next stage.
We have thousands of high calibre private and corporate tenants and we work with some of the world's most admired corporations, finding homes for their key personnel.
7. Step 7 Property Management
Many tenants, especially corporate tenants, prefer to rent managed properties. Instructing Let Wise to manage your property guarantees round-the-clock care for both your property and your tenant. After finding you a tenant, we take care of both them and you throughout the tenancy, including everything from collecting rent and handling all administration to assistance with more complex issues and the provision of a 24-hour emergency helpline. More about Property Management.
8. Step 8 Rental paperwork
Tenancy agreement
To achieve a smooth running tenancy it is essential to have a professional agreement in place. We will draw up the relevant paperwork based on years of experience, ensuring all the necessary documents are signed by both parties.
Inventory
An inventory of the contents and condition of the property is usually produced prior to commencement of the tenancy. This will be supplied to both landlord and tenant.
9. Step 9 Rent and deposit
Let Wise will collect the rent on your behalf and a deposit from the tenant will be held. Let Wise will hold all deposits as a stakeholder and, where applicable, will register the deposit with a deposit protection scheme, in line with legislation.
10. Step 10 Completion
Unless your property is let on a short let basis, you need to ensure letters are sent out transferring the utilities into the name of your tenant and keys are handed over. Congratulations, your property is now let!
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