If you’re planning to rent out your house or flat, or increase your property portfolio, here at Lawton & Dawe Property we thought that you may appreciate a helping hand. We’re pleased to offer you our Buy-to-Let Advice for Landlords check list and guide.
As the property experts in Hove, we also know what NOT to do, as well as the best way for you to earn good yields. Renting is popular in Brighton and Hove. Many people have been priced out of the market, so rental properties are in high demand.
Lawton & Dawe. Adding value for landlords
We’d be happy to research and source good properties for you based on what you can afford and the sort of yields you are after. Our team can offer you advice on market trends, discuss portfolio strategies and we can also oversee the management of your portfolio.
Nothing is missed. You’ll be able to view the property before you buy it. We’ll offer our experienced opinion on how much you can rent it for, and the work you may need to have done before we market it for you.
If you need financial advice, ask us to recommend an advisor. We work with some great people who’d be happy to help you.
Welcome to the rental revolution.
Get the right tenant
Best not to rush this one. Always, it’s better to wait for reliable tenants and that may take a little time, regardless of the fact that there are more would-be renters out there than properties to rent.
We will be pleased to discuss your selection criteria and carry out accompanied viewings. Reference and credit checks are vital, too so let us take care of making sure that the person who take up residence in your property will pay their rent on time – and is right for the property.
Inform your mortgage company
You may find yourself in breach of your mortgage conditions if you don’t let your provider know that you’re renting out your home. Don’t forget.
Let your insurer know
Again, this is important. Your general home and contents cover won’t be appropriate if you rent out your home. You should ask about specific landlord’s insurance. Why? Because this will protect against loss of rent and can also provide liability insurance. As a landlord, you’re responsible for the safety of your tenants.
Get a tenancy agreement
A formal agreement is essential. An assured shorthold tenancy (AST) is good. These run for a minimum of 6 months and offer a guarantee that you’ll get your property back at the end of the agreement.
Also, an inventory is a must. This makes things easier if there’s any dispute about the deposit at the end of the tenancy.
Lawton & Dawe Properties will be pleased to oversee all of these things. We like to make your life easier.
Lodge the deposit
You are now obliged by law to lodge the deposit in a government-backed deposit scheme. There are a few of these, but again – we’ll take care of this for you.
Have a look at our Landlord Guidelines page for more information.
Contact us to get the ball rolling. Join our happy band of landlords!