In years gone by, many landlords are likely to have self-managed their rental properties. However, as the rental market continues to grow and the demands on landlords increase, more and more buy-to-let investors are seeking the help of experienced letting agencies with local knowledge.
Here are three key reasons why many Swindon landlords choose to work with a reputable letting agency like Home Finders, with firm roots in the local market.
1. Local market knowledge is invaluable
The rental market in Swindon is fast-moving, so it's vital that when letting a property you understand what is currently popular with tenants and which neighbourhoods are thriving.
Our expert lettings professionals can help you to identify your property's key letting features such as outdoor space or transport links and work out where it fits in the current market.
This knowledge can then be applied to your marketing campaign, promoting your property to the relevant target market across the most effective platforms.
Working with an agency like Home Finders which has an understanding of the local market vastly increases your chances of letting your property quickly and for the best possible price.
2. Helping you to stay compliant
The compliance obligations of landlords have been increasingly steadily for a number of years now. It is estimated that the typical landlord now has to comply with over 100 pieces of legislation and regulation when letting a property.
In recent times, landlords have had to contend with a cap on security deposits, new energy efficiency requirements and changes to buy-to-let mortgage interest tax relief to name just a few of the most significant.
Enforcement of these many regulations is increasing and it can be very easy for a landlord to find themselves on the wrong side of the law. Non-compliance with rental legislation can lead to significant fines and, in the most severe circumstances, custodial sentences.
On top of this, many rental market rules - such as electrical and gas safety checks - directly relate to the safety of tenants which should always be landlords' number one priority.
At Home Finders we are well-versed in keeping landlords up to date with changing legislation and working with a reputable local firm can reduce your administrative burden and provide you with peace of mind.
3. Reducing stress and saving you time
As a self-managing landlord, one thing you are highly likely to have noticed is that letting a property now takes up a lot more of your time.
From devising an effective marketing campaign, drafting contracts and registering deposits to property maintenance, annual health and safety checks and landlord licensing, the list of tasks may seem endless.
However, at Home Finders we can manage your whole portfolio for you. This can help to save you precious time and reduce the stress associated with letting your property.
If you would like to find out more about legal compliance, how Home Finders can help you to market your rental property effectively or what rental value you can achieve for your property, please get in touch and I will happily answer all your questions.
firstname.lastname@example.org / 01793 299180