Letting and managing rental properties can be stressful, especially for inexperienced Landlords, or for Landlords that are not with the right Letting agent. Estate agents should be a Landlord’s best friend, they should manage and optimise a Landlords’ investment, and remove all the stressful and time-consuming elements of property management.
A recent survey by Endsleigh Insurance of Landlords found that using an experienced and reputable letting agent could save landlords on average six hours a month.
Surprisingly a large percentage of Landlords still view their property investment as passive income, and stay with the same Estate Agent for many years. They do this for a number or reasons, comfort, not wanting to disrupt the status quo and a misconception that they can’t get a bigger return for their investment. As a result, many Landlords in North London are not getting market value for their properties.
George Sifonios, Managing Director at David Astburys Estate Agents said; “We are constantly hearing from Landlords who want us to value their rental properties because they feel that they aren’t getting current market value, and during this process we are seeing that in their existing arrangement they are getting 25% below market value. At David Astburys, we really focus on super serving the individual needs of all our Landlords by effectively managing their properties and ensuring a profitable return on their investment. If you are a Landlord and have been wondering if you are getting market value for your property, please contact us today and we will provide an instant valuation, we are also offering three months free property management.”
Here are just a few ways that being with a reputation Estate Agent like David Astburys in Crouch End can make a Landlords life easy and stress free.
- In total there are now over 170 pieces of legislation that Landlords need to comply to when renting and managing their properties and local authorities are now entitled to keep 100% of the fines they issue (most offences carry fines of up to £30,000 and imprisonment in certain cases,) so the consequences are significant.
- Landlords are required to place a tenant’s deposit in a government approved tenancy deposit scheme. This is a legal requirement to ensure that the deposit is returned to the tenant at the end of the agreed tenancy.
- Finding good and reliable tenants. Experts like David Astburys Estate Agents will place the reliable tenants in a property that have passed reference and credit checks.
- Good communication and effective management of the property is key to keeping a happy tenant and therefore ensuring a long-term tenancy. A good estate agent will conduct regular inspections to check that there are no safety or maintenance issues and that the tenant is meeting their obligations.
Yianni Aresti, Partner and Lettings Director at David Astburys said, “In Lettings last week alone the team went on one hundred and forty four viewings, they agreed fifteen new lets, took on three new property managements, agreed four long term tenancies and we were instructed on ten properties. We are consistently seeing that for new Landlords we are getting them a 25% increase in their market value than they were previously, resulting in very happy clients, and our 500 plus Google reviews reflect this.”
David Astburys Estate Agents are offering 3 months free property management to any new Landlord. Contact the team at the Crouch End office for more details crouchend@davidastburys.com, 020 3000 6787.