Having an empty property can be stressful. Maximise the return on your investment by acting fast in finding a reliable tenant who will pay the best price.
Step 1 Accurate valuation
Your aim should be to let your property at the best possible price in the shortest possible time. Our expert valuer carries out of valuations every month giving us intimate and unparalleled knowledge of property values in the Glasgow
This is why we consistently achieve the asking price across all our clients’ properties.
Call us on 0141 345 2010 or complete the rental valuation request form.
Step 2 Selecting an letting agent
When choosing a letting agent consider their opening hours, when they will be available to conduct viewings, and what kind of marketing your property will receive. These are critical to obtaining the maximum rental value for your property.
You should also check if your agent will organise your government-required Energy Performance Certificate (EPC) on your behalf or if you need to arrange this yourself? You are responsible for making this document available to prospective and future tenants. HAP Lettings can arrange this for you.
Step 3. A Landlord obligations.
Consent To Let. If you have a mortgage on your property, you will need to contact your lender to confirm you are able to let out the property on your existing mortgage. This process is called consent to let.
Landlord Registration. All private landlords must register with their local authority to ensure that they are a “fit and proper person” to let property. It is an offence to let any house without being registered. The maximum fine for operating as an unregistered landlord is £50,000. We can help with this if need be. See here https://www.landlordregistrationscotland.gov.uk/
Step 4 Consider Property Management
Property Management can be the key to reaping maximum rental returns on your property. Many tenants insist on renting managed properties and are often prepared to pay a premium for this.
Instructing HAP Lettings to manage your property gives you peace of mind that both your property and tenant will be cared for 24/7. We’re an intimate team that will look after the general day-to-day management and more complex issues such as emergency repairs, collection of rent, transfer of utilities and much more.
Step 5 Presenting your property
First impressions count, making the presentation of your property critical to a successful let.
Consider addressing any DIY jobs you have been meaning to get done, add a fresh coat of paint where necessary and try to declutter to make rooms appear larger.
Step 6 Preparing your property for tenancy
Before you let your property, it’s imperative that a comprehensive inventory is prepared. This will set out the condition and contents of the property. HAP Lettings will carry out a comprehensive inventory on your behalf.
Gas Safety Certificate. By law, landlords must have all gas appliances checked regularly, normally once a year by a Gas Safe registered engineer. The Gas Safe registered engineer will provide a Gas Safety record upon completion of the check.
As a landlord, you must make sure:
- The electrical system (eg sockets and light fittings) is safe. Periodic Inspection Report (PIR)
- All appliances they supply (eg cookers, kettles) are safe. Portable Appliance Test (PAT)
- You are responsible for checking that the tenants have set up accounts with utility companies, and council tax.
HAP Lettings can have the above checks completed for you.
Step 7 Marketing your property
To find your perfect tenant you need to give your property maximum exposure across a wide range of media.
When you instruct HAP Lettings to let your property you will automatically benefit from our comprehensive marketing package, including: exposure on our website, full colour property details in our property list brochures, email and SMS alerts and entry onto advertising sites such as rightmove.
Step 8 Accompanied viewings
Our longer viewing hours are essential to maximise viewing opportunities for your property – in fact over 40% of our viewings are carried out after work and at weekends. Accompanied viewings also mean we can use our expertise to help let your property. The only times we won’t do viewings are Friday and Saturday nights.
Step 9 Receiving an offer
As soon as an offer is received we will contact you to communicate full details of an offer along with any special conditions to help you decide whether or not to accept.
Step 10 Offer agreed
Once you accept an offer we will do the following, regardless of whether your property is managed or let only;
- Collect references from the tenants
- Arrange signing of Tenancy Agreement
- Collect moving-in payment (rent + deposit)
For fully managed properties get your property ready for move-in and:
- Carry out check-in and inventory
- Organise Gas Safety Inspection and Portable Appliance test
- Arrange professional cleaning of your property
To comply with the government legislation, we will register the deposit with a deposit protection scheme, resulting in a faster and more efficient deposit release process at the end of the tenancy.
Step 11 Completion
Upon completion, keys will be released to the tenant on moving-in day. We will also arrange to check the tenant into the property and show them how to operate the heating etc. Please provide us with manuals for appliances etc.
Congratulations, your property is now let!