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Guide to Letting a Property | Landlords Guide
Guide to Letting for Landlords
We understand the struggle and insecurity many landlords feel when making their properties available to let. There’s more to letting a property than you believe and our Guide to Letting will provide you with expert and professional information that will give you peace of mind.
Why use James Anderson to let your property?
As the local property experts, James Anderson have been letting and renting properties in South West London for 30 years and providing Property Management to most of our landlords. With a wide network across Barnes, Mortlake, East Sheen, Richmond, Putney and Putney Hill we are confident that we can find you the perfect tenants for your property.
Before you decide to market your property to let, we strongly suggest that you use our FREE INSTANT ONLINE VALUATION tool so that you can get an idea of the average rental income you can receive.
The average rental valuation is based on the marketing price compared to other properties with similar specifications and condition. When you are ready for a more detailed valuation of the property, along with our advice, please get in touch with our local offices to arrange a meeting at your convenience. All our offices are open seven days a week and weekdays we are open until 9pm.
Get your property ready for viewings
As the saying goes “you only get one chance to make a first impression” the same is true about the presentation of the property. This first impression is the “make or break” for the tenants’ decision making. If the property is presented in the best possible way then this not only increases the chance that it will be let but also at the best possible price. We shouldn’t say it, but our staff are frequently thanked for opening the curtains, making the beds and often for doing the washing up in order to help achieve these goals.
Our 30 years of experience has ensured many benefits and one of them is our extensive network that allows us to find and maintain constant communications with hundreds of private and corporate tenants.
We actively promote your property and, as a prime independent estate agent, we do not settle for the first offer. We aim to the find you the perfect tenant; one that will match all of your requirements and respect your property.
Accompanied Viewings 24/7
We pride ourselves on the level of customer service provided to all our landlords and tenants, accompanied viewings are just another reason why we are steps ahead of the competition. Our extended working hours are a crucial part of our success, giving us more opportunities to maximise viewings for your property – 30% of our viewings are carried out after 6pm and at weekends. Statistically, we will show the successful tenant your home before any other agency and if we are not marketing your property then we will show that tenant other James Anderson clients property days before your agency even mentions your property to them.
Our offices are open seven days a week, until 9pm weekdays and 5pm weekends.
Corporate & Relocation Letting Services
There is a high demand for corporate and relocation services in South West London – where the average 24 minute train journey to Central London surely helps.
As the renowned estate agency of the area, many of these companies come to us first ensuring that we have access to a solid and trustworthy network of tenants to show around your property. We always aim to provide you with the best outcome. We can guarantee should you wish that your rent is always paid on time without fail. We aim to achieve long term tenancies if this is your preferred option and we also aim to prevent void periods.
Landlord Legislation
We are aware that landlord regulations are vast and sometimes hard to grasp. With over 170 different pieces of legislation along with over 200 other best practice recommendations that affect landlords and the lettings business, we will provide advice that will give you peace of mind. We will keep you informed of any changes or updates to the regulations, so you are well informed.
Once a tenancy starts, it is vital that good management of the property is maintained. This will increase the chances of a tenancy renewal and a better relationship between you and the tenants. James Anderson offers different types of Property Management Services that will surely fit your needs.
For managed properties, we provide a 24hr emergency repairs line for both tenants and landlords, so that we do not miss a chance to deal with your queries. As we are open seven days a week and from 9am to 9pm weekdays, unlike our competitors, our 24 hour helpline is seldom used as we are always available to help in person.
Fees and Charges
We strive to provide outstanding service to all our customers and our highly recommended services are a reminder of how pleased our landlords are.
With high demand for property driving up house prices and rents across the country, now is a great time for new or established landlords to ride the wave by investing. But where should you start, and how can you improve your chances of a respectable return? Read on to find out.
Choose your location
Ideally, it’s sensible to invest in an area within a manageable radius of your current location. This will allow you to visit the property easily, complete any necessary improvements, or keep an eye on contractors. If you live nearby, you’re also more likely to know which streets and neighbourhoods are the most desirable, helping you identify golden opportunities as soon as they arise.
Once you’ve settled on a general area, spend some time researching the current market conditions, including the average local rent and sale price for the type of property you’re interested in buying.
Hint: A trusted local agent like ourselves can advise you on this.
Identify potential ways to add value
While searching for the perfect rental, consider ways you could improve a property to make it more appealing to your ideal tenant. Could you add an extra bedroom or a home office by converting the loft? Is the property worth renovating to bring it in line with more high-end lets? This is where your market research will come into its own.
Other ways to increase profit may include selling off additional land a tenant won’t need or splitting up a building into apartments. Just make sure you obtain advice from a relevant professional before you invest.
Decide on funding
Yes, opportunities are endless for cash buyers, but if you have the minimum deposit (usually 25%), a buy-to-let mortgage can help you achieve your dreams. The maximum you can borrow is linked to the rental income you expect to receive, which should be 25–30% higher than your mortgage payment. Specialist lenders may also provide a bridging loan to cover the cost of renovations while you get the property up-to-scratch.
Beyond these top tips, our property experts are always on hand to help.
Contact us to discuss potential investment opportunities or book a rental valuation.
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