Whether you’re a new landlord or an experienced letting agent, this checklist will help you ensure everything is in order. It also helps you avoid any potential issues down the line.
Our letting agency in Glasgow checklist is one of the most important parts of starting your own property rental business. It’s a good idea to complete it before you list your property for rent.
1. Preparing the Property
One of the most important tasks a letting agent has to tackle is preparing the property for a new lease. This involves inspecting, repairing, cleaning, and perhaps most importantly, staging the home to get the attention of potential tenants.
A few things are for sure, a property that is in top condition will draw in the best tenants and make the most of their time. Using the best quality cleaning products, including disinfectants and anti-bacterial sprays can go a long way towards making your property gleam like a diamond. In the long run this will pay dividends in both a healthier and happier tenant base and more profitable rents in the end. Be careful to avoid any unnecessary water damage to carpets and tiles, as this could be a reoccurring problem in the future.
2. Getting the Right Tenant
Getting the right tenant for your property is a critical step in ensuring that it remains occupied. As a landlord, tenant turnover is arguably the biggest cost you face.
To avoid costly evictions, late rental payments and property damage, it’s crucial that you take time to vet prospective tenants before accepting their application.
Create a set of screening criteria that you apply universally to all tenancy applications. This will help ensure that each applicant meets a minimum standard.
3. Signing the Lease
A lease is a legal contract between the owner of the property (known as the lessor) and the person using it for a certain amount of time (the lessee).
As with any other agreement, it’s important to read the fine print before signing. There are many details that can be confusing and you don’t want to find yourself in a sticky situation later down the road.
The lease is a document that describes the terms of your tenancy, including how long you will live in the property and the amount of money you’ll pay each month. It also lists other important points, such as how much utilities cost, pet rules, and noise regulations.
4. Moving in
Having the opportunity to move into a new rental property can be a real treat. However, it is also a significant financial commitment and one that can be difficult to get out of if things do not go to plan. With that in mind, we have created this letting agency in Glasgow checklist to help you ensure your next tenancy is the best it can be.
The most important part of the whole process is ensuring you are able to find a good tenant and that they are happy and comfortable in your new home. To get the ball rolling, make sure you complete the following checklist as soon as possible.
5. Moving out
Moving out is one of the most difficult things to do, but it also offers a huge opportunity to grow as an adult. Before you take the leap, make sure that your finances are in order.
The first thing you must do is ensure that you have a job and that you have a stable income. Otherwise, you may run into financial problems in the future.
You should also get your own credit card so that you can keep track of your spending and make payments on time.
Letting agents can offer a variety of services that will help you to find suitable tenants for your property. These services range from tenant-find to property inspections, maintenance and handling of disputes.
