Letting your property – Our Guide
When you rent your property, you need to know that it’s in safe hands. Our award winning, ARLA certified letting team are on hand to manage your property and give you the peace of mind you’re looking for in a successful let.
Whether you are a seasoned investor or a first-time landlord, Phillips George will offer you the best advice suited to your individual needs and find you the right tenants for your property, fast.
Step 1 – Choosing your Letting Agent
Quite simply, your property will let faster and at a higher price when it achieves maximum market exposure. So, when you are choosing an agent check that their website is up-to-date, works on all devices, is informative and explains where and how they market and advertise your property.
The Phillips George website is designed to work on all devices (mobile, tablet and desktop) to provide maximum accessibility. All our properties are advertised on Rightmove and Zoopla together with a comprehensive advertising and marketing drive for each property, including exposure on social media platforms and a string presence within Google and the other search engines.
Another good idea is to look for reviews of the agent, this will show what previous customers thought, good or bad.
Step 2 – The Valuation
At the valuation we will come prepared with comparable properties that have recently let and some that are currently available to help us accurately advise you on the best price and how to achieve it. We will also discuss necessary legal documentation as well as any individual requirements you may have.
Step 3 – Marketing
We will begin preparing your property details together with marketing photographs – you only get one chance to make a good first impression, so quality photographs are essential. Our advice on what is attractive to potential tenants will help you save and make more money.
Step 4 – You are on the Market
Contacting our bank of applicants will generate viewings for your property, while responding to enquiries which Rightmove, Zoopla and our own website generate will add to the list of viewings. Phillips George staff will carry out all viewings on the property on your behalf.
After each viewing, we will contact the applicant for feedback and pass that on to you, as we give you regular updates. Honest, unfiltered feedback from every single viewing is crucial to the successful let of your property. Feedback can often resolve any potential problems and help secure a let quickly.
Step 5 – Find a Tenant
Once a suitable tenant has been found and agreed with you, the referencing process will begin. References include credit checks, employment checks and previous landlord references. Should a guarantor be necessary a suitable candidate will be referenced and put in place.
Copies of all relevant certification will be required 7 days prior to the start of a new tenancy. Upon receipt of satisfactory references, a tenancy agreement is prepared, ready for signing.
If we are to manage the tenancy on your property, we will carry out a full inventory, notify the utility companies of the change of liability, and protect the deposit. The tenant will be required to set up a standing order to pay their rent on a monthly basis.
Step 6 – Throughout the Tenancy
If we are managing the tenancy for you, we will collect rent payments on a monthly basis and transfer the rent in to your designated bank account. A Statement of Account will be provided to evidence the incoming funds and associated costs.
We check rental payments every business day. If a rental payment is late, we will know about it immediately and begin contacting the tenant to rectify the situation.
Regular inspections are carried out to ensure the property is being kept in an appropriate manner and check for any maintenance issues that have arisen. We have a team of qualified tradesmen to carry out any repairs at your property, should they arise.
Step 7 – End of Tenancy
Our bespoke software notifies us 6 weeks before a tenancy ends. At this point we will contact the tenant to see what their plans are for the end of the tenancy. Should the tenant wish to stay, a new fixed or periodic term is mutually agreed. Should the tenant wish to leave, we will of course begin marketing, ensuring the shortest possible break between tenancies.
At the end of tenancy, a full leaving inventory will be carried out and our findings reported to you. Quotes can be arranged, should any remedial works be required at the property. If any deductions from the deposit are necessary, a request will be made to the relevant deposit scheme.