For many homeowners, the idea of renting out their property may seem daunting, primarily due to concerns about the potential hassle, associated costs and the risk of property damage.
The lettings industry is regulated by over 160 laws so there is certainly a lot to know to make sure you and your property remain compliant. However, turning your property into a rental asset could offer various advantages, whether you choose a short-term arrangement and plan to sell in the future or decide to make it a long-term investment.
The process can be streamlined by seeking our professional guidance. We can provide valuable support, handle legal complexities and oversee property management on your behalf. While there is a small risk of tenant-induced damages, this can be covered through insurance coverage and even avoided with our expert advice.
In terms of ensuring your home can be let legally, we offer a free valuation and inspection where we will give you a breakdown of necessary actions and recommend suitable suppliers and contractors. Investing in the rental market not only generates ongoing income through rental profits but can also contribute to a quicker sale and increased market value if you decide to sell in the future.
Choosing a managing letting agent affiliated with industry self-regulating bodies such as ARLA, NALS, or RICS adds an extra layer of assurance. At DB Roberts, members of RICS and ARLA, our full management service ensures:
- Tenants undergo proper credit checks and references
- All paperwork is administered legally
- Mandatory inspections and certifications are organised
- Rent funds are securely held in dedicated accounts
- Properties are regularly checked to ensure they are maintained
- A full, comprehensive schedule of condition report is carried out
- Maintenance issues are dealt with quickly and fixed by approved and insured contractors-
- When there are changes to letting legislation, we will ensure all necessary updates are carried out, keeping you informed as necessary
Opting for a fully-managed service can take the vast majority of the legal and administrative burden off your shoulders allowing you to be confident your property is in the hands of experts.
Exploring the rental market during a period of high demand could be a viable alternative.
Contact us and we will be happy to discuss our services and how we can help you.
Speak with one of our advisors today for a personal touch.
Contact Us