Interested in the process of letting a property? We’re here to help.
There is more to the letting process than simply finding a tenant online, moving them in and collecting rent. In our landlord’s guide, we will take you through the step-by-step process of how to rent out your house.
Process of letting a property
Firstly, you need to know how much your property could receive each month. You do this by instructing an agent with supreme market knowledge to value the property and give you an accurate asking price.
Find an agent
Once you have agreed on the price, it’s time to find an estate agent to market the property. You’ll want to choose an agency with an excellent reputation, incredible technology, and a solid high street or online presence. Your agent will be your guide to letting property in West Midlands, and the surrounding areas, helping you with legal requirements, checks, and finding a tenant.
Long or short term?
Short-term (less than six months) and long-term (over six months) have different benefits. The short-term benefits include high returns, prepaid rent, minimal void periods, and often corporate tenants. A long-term let can give you a guaranteed fixed monthly income and a tenant who may stay for years.
Find trustworthy tenants
As a landlord, a big concern is finding tenants you can trust to pay the rent and keep the property in good order. When your agent has found a tenant for the property, and you have accepted, they will collect references, arrange a tenancy agreement, collect your deposit, check IDs, and conduct Right to Rent checks. They may also carry out an inventory, organise a Gas Safety Inspection and PAT testing, and even arrange professional cleaning.
How to let property
We can give you tips for renting out a property, attracting tenants, and be your property letting guide in the West Midlands. Whether you just have one property or a whole portfolio, we will take you through the entire process, find you a trustworthy tenant, and collect a good return on your investment.