Great properties are the foundation of a greater future for landlords and tenants
With 36% of all households in the UK renting*, the rental market is a vital part of the economy and vital for the population to thrive.
When landlords provide great properties for tenants to live in, it creates a mutually beneficial and stable landlord-tenant relationship, but that is not all.
A happy tenant
Good landlords who maintain their property to the highest standards, whether with the help of a letting agent or not, are much more likely to have satisfied tenants. This means tenants will renew their tenancy agreements and feel secure in their homes. The landlord has an uninterrupted source of income.
Building a good reputation
A good landlord will gain a good reputation, and this means the potential to make more profit as tenants will be more attracted to your property portfolio.
Higher property value
Well-looked-after properties hold and gain value more rapidly than properties of a lower standard, which leads to greater opportunities to expand your portfolio as a landlord.
Lower vacancy rates
There’s a significant demand for rental properties, and the demand for high-quality rental homes is even greater
Good properties always find good tenants; this means that, as a landlord, your property will not sit unoccupied.
Lower maintenance costs
Properties that are well cared for will cost less to maintain because any issues will most likely be prevented. A fully managed letting service can take care of your property, so whether you are a tenant or a landlord, you don’t have to worry.
Greater compliance
From gas safety certificates to tenancy agreements, a well-maintained property let through a good letting agent will take care of all of this for you. And with the Renters Reform Bill on its way, landlords and tenants need to be compliant to make the most of their rights.
More financial options
Great properties lead to great returns on investment, which means banks will back you when it’s time to expand your property portfolio. Stability is the key to securing your investment.
A positive effect on the market and wider community
Good properties that are maintained well and have good tenants placed within them are good for the local community and the wider economy.
A fully managed letting service
This is one of the best ways to make sure your property is up to scratch in every possible aspect. From tenancy agreements to property maintenance, a fully managed letting service will give you more time for your life.
It can be time-consuming, from finding tenants to seeking references to sorting a blocked drain. But if you do enjoy being hands-on, you can choose the level of managed service you want. And if you are a tenant and you rent through a letting agent, then you know the entire process will be easier. If you have any maintenance issues, help is just a phone call away.
Contact us today for all your property needs, whether you are a tenant or a landlord
English Housing Survey*
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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