Landlords' Guide
Whether you’re an experienced investor or letting a property for the first time, talking to Estates East is the first step to running your business practically and profitably.
Wondering where to start?
Start here. Book a Lettings Appraisal with Estates East, a no-holds-barred how-to. It’s not only obligation-free, it’s free-free.
HERE'S WHAT TO CONSIDER AND SOME TIPS FOR NEW LANDLORDS
- Greater demand
- Less wear and tear on your chintz
- Lower turnover of tenants
- Lower maintenance and repair costs
- No need for Furniture and Furnishings Fire Safety compliance
- Tenants save money on buying big ticket items
- You save money moving stuff out
- Furnishings can be reused when the tenancy ends
- A percentage of replacement and disposal of old items is tax deductible
- We'll show you how to present your property so it packs a punch with the right tenants and achieves a higher rent
- We'll help you present any gardening as a bonus, not a drag
- And avoid spending unnecessarily, on improvements that your tenants won't even notice
- We take care of this for you as part of our Full Management Service. It's something you need ahead of each tenancy, we'll explain it in full
- A good relationship with your tenants is good business. You want things managed so that your tenants keep calm, comfortable and paying on time. Mydeposits is a deposit protection app which works for all parties and keeps things fair, we'll be advising you to use it.
- If you have a mortgage on the property you need consent to let it. Don't worry, they rarely refuse, and are always reassured to know a professional agent is involved.
- The kind of thing they'll want to know is the type of tenancy agreement you intend to use, how long the tenancy is for and they'll require certain notices to be served on the tenant.
- Heads up — Building Societies often charge a small admin fee to give consent.
- When the tenant signs the agreements we take payment for 1 month's rent, and 5 weeks' deposit, usually equivalent to 1.5 months' rent. We always make sure funds are cleared before the tenants are allowed to move in, and rental payments are by standing order.
- In 2019 the Government introduced the Tenant Fee Ban, we'll explain all this and make sure all your tenant fees are in order.
- In addition to rent, tenants pay for water charges, council tax, gas, electricity and telephone bills—all of which are cancelled before new tenants move in.
- There are short term rises and falls in property values, but over the long term, property does well. A good mindset is to treat your property as a medium or long term investment.
- We'll help you buy the right kind of property and advise you on location, demand and rental values: so you get the most from your investment.
- We'll also explain all legal, financial and tax issues throughout.
ESTATES EAST KNOWS HOW TO OPTIMISE YOUR INVESTMENT AND VERY SHORTLY YOU WILL TOO
“Helpful, efficient and friendly! I’ve used Estates East services a few times now, as a landlord, and they always find me excellent tenants.”
Mitch
“Great estate agents! Very friendly and efficient. They made our moving-in process smooth and effortless. We had a few technical problems, but they were resolved immediately, and the team was always on hand to help.”
Rye
“Ciara, Becky and the team were fantastic and a pleasure to do business with. Their communication was great and Ciara was always ready to go the extra mile for me, checking the property over, taking photos when…
Jen Hale
“Outstanding service. Our sale was quick and seamless and Charlie & Ciara did a great job of managing viewings with us with two little ones. Despite the market, we got a great offer and we were so pleased with…
Jen Hale
“I would strongly recommend Estates East, from start to finish the team was amazing, so helpful, kind and totally professional. At each stage, the team kept us informed and this put us at ease as it’s so stressful…
Liz
“Fantastic experience with Estates East, so happy we sold with them. Very clear and approachable to us as sellers and the buyer by all accounts. Being the buyer with other estate agents I have seen how awful it can…