From Robert Ulph on December 13, 2021
Last week I wrote about the importance of inspections during a tenancy, albeit adhering to any covid restrictions, and how these can be the difference between picking up on a small job that needs fixing and what can, over time, then become a costly and more complicated repair.
I commented that surprisingly landlords who manage their property themselves often fail to carry out inspections, it may not be front of mind if problems are not being raised or obvious to their tenants, so the landlord may not have any reason to visit the property.
Following the article, I have had a number of calls from landlords who are in this position – they manage their rental property themselves but don’t have the capacity to carry out inspections on a regular basis.
At Pennington, some time ago we realised this was an issue which is why we launched what we call our Pick and Mix Services, so that landlords who want to continue to manage their own property can get support on a range of services. These include every stage that needs to be followed from the initial tenant checks through to the final inspection and can be arranged as either a one-off service or booked in on a regular basis. This gives the landlord flexibility to continue to do the parts of managing a rental property that they can do themselves but get professional support on other aspects.
Most of our landlords prefer our full management service and the peace of mind that this brings, but with options of the Pick and Mix Services as well as a Letting and Rent Service and a Let Only Service there is an approach that suits all.
Staggeringly the private rented sector involves over 125 individual pieces of legislation that now govern the sector, this places a huge burden on the many small, private landlords we have and who the Government relies on to provide this vital part of the country’s housing. Now with nearly 13 million renters in the UK, the private rented sector represents 20% of all households.
Renting out your property involves one of the most expensive assets you own so you want that to be well looked after and maintained to a high standard, helping to maximise your income from it and increase its value. The best advice I can give is to get assistance from a professionally qualified agent, who is Propertymark licensed. You can check credentials on their website as all members, throughout the country, will be named on the site. By using a licensed agent, landlords and tenants will have the peace of mind their agent will provide a professional service and adhere to industry standards, giving protection for the property and all money associated with it.
As always, if you would like any further discussion on this or anything else on the local property market, please do not hesitate to contact me.