Five Steps You Need to Take Before Renting Out Your AREA Property

Being a first-time landlord can feel daunting. There’s a lot to do before you can get your property rented out – such as repairs, legal obligations, admin, tenant-finding, contract signing, and so on.

Five Steps You Need to Take Before Renting Out Your AREA Property
Being a first-time landlord can feel daunting. There’s a lot to do before you can get your property rented out – such as repairs, legal obligations, admin, tenant-finding, contract signing, and so on.
 
But don’t fret.
 
A good letting agent will help explain all the ins and outs of the process. And can do most of the work on your behalf.
 
In this three-minute read, we discuss some of the essential steps you need to take before renting out your property.
 
1)    Contact a local agent

Before you market your property, you’ll want to know how much rent you can get. While it’s handy to check similar properties in the area on Rightmove or other sites, the most accurate estimate will come from an agent. They’ll tell you how much you can get per month, advise on how to make the property more tenant friendly, and who it may appeal to.
 
2)    Check with your lender

Most landlords take advantage of buy-to-let mortgages when renting out properties. If you’re buying a property with the specific aim of renting it out, speak to a mortgage broker to get the best terms.
 
However, if you’re only renting out a property on a temporary basis and plan to move back in, you may be able to continue with a normal residential mortgage. You will need to get ‘consent to let’ from your lender. Don’t move tenants in without speaking to your lender first.
 
3)    Prepare your property

Whether it needs a coat of paint or full renovation, you want a rental property to look fresh and clean to attract tenants. Keep the décor neutral and the rooms clutter-free. If you’re renting out a furnished property, make sure the furniture is in good condition.
 
Most importantly, ensure all gas and electrical appliances are safely installed. Small electrical appliances need to be PAT tested if you’re leaving them in the property. You will also need to supply an Energy Performance Certificate.
 
4)    Health and safety

You have legal obligations to keep your tenants safe. These include:
 
-       Installing and testing smoke alarms and carbon monoxide detectors
-       Annual gas safety certificate
-       Following fire regulations for your property (this is very important for flats or houses that have been converted into flats)
-       Check your property for potential hazards, such as uneven stairs, broken windows, fire risks, and so on
 
Speak to a letting agent to make sure you’ve covered all the legal requirements before renting your property.
 
5)    Insurance

As a landlord, you’re responsible for maintaining the property and taking care of any repairs. Buildings insurance is essential to protect you and your finances. You may also find landlord insurance useful.
 
If you’re a first-time landlord, get in touch with Allen Residential lettings team. We can find you tenants and take care of matters such as references, credit checks, and the tenancy deposit protection scheme.

Call us on 01761 412300 / 07773 412300 or email james@allen-residential.co.uk
 

Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Meet Our Founding Director James

Meet Our Founding Director James

James Allen is the founding director and owner of Allen Residential. James started in estate agency back in 1997 and after working for a couple of strong independent estate agencies he established Allen Residential in 2005 Keen to invest back into his team, James is dedicated to ensuring that each team member at Allen Residential is a key part of the business, emphasizing the importance of their contributions. His leadership style highlights the significance of a cohesive and dedicated team, fostering a supportive and growth-oriented environment. The business has flourished in recent years, thanks to the staff's commitment to excellence and the implementation of effective systems. James' appreciation for his team’s hard work and dedication is evident, making Allen Residential a thriving and dynamic company.

Why choose Allen Residential?

Why choose Allen Residential?

With an owner who has 35 number of years experience in the industry and 20 years of company history, we bring knowledge, reliability, and expertise to every property transaction.

Our approach is casual and professional, aiming to form personal connections with the people we work with instead of treating them as a number.

About Us