While there has been considerable focus on the stamp duty holiday of late, there is still a high level of demand for rental property. It might be some new landlords are keen to enter the market, as they can save money on buying rental property.

Landlords still have to pay the additional surcharge associated with buying an additional home, but the stamp duty holiday lowers the overall cost of starting or expanding your rental property portfolio.

At Andrew Lees, we are pleased to say we offer a range of property management services for landlords. If you are looking to let property, no matter how much experience or confidence you have, we can help. Get in touch and we will be more than happy to talk you through the process.

Letting property is challenging, but we can help

While there is a genuine opportunity for landlords to achieve success, the rental market is a challenging one. However, when you are aware of the challenges, and receive guidance in overcoming these problems, it is possible to provide tenants with a satisfactory rental experience.

Please consider the following tips:

  • Make sure you have all the necessary certificates in place for the rental property, this includes gas, water, electric, smoke alarms, carbon monoxide alarms

  • A thorough inventory check should be carried out at the beginning of the tenancy, as this will minimise problems during and at the end of the tenancy

  • For now, the Right To Rent requirement is still in place, so landlords must ensure tenants have a legal right to live in the UK

  • Make sure there is a maintenance system in place where you review and check the safety of the tenancy – doing so ensures compliance and helps to keep tenants happy

  • Undertake regular inspections throughout the tenancy – as this will minimise problems and ensure a tenant remains properly looked after

  • Keep up to date with paperwork – maintaining detailed reports on the rental property minimises problems and makes life more manageable for landlords

By calling on a local letting market specialist for help, you strengthen your chances of success. We appreciate there are financial and economic challenges to come across the UK, but you often find this only strengthens the demand for rental property. With buy-to-let enquiries increasing by 50% in July, there is still large demand in the rental market.

Warrick Swift is the Commercial Manager at InventoryBase. And he said; “There are myriad obligations landlords have before, during and after renting their property to a tenant. Ensuring a strong grasp of these obligations before investing in buy-to-let property is the most reliable way to protect your investment and provide good quality housing for your tenants.”

As an experienced letting agent serving the Bridgwater community, and many of the surrounding areas, we are here to help. We promise to stay in touch with the latest technology, helping our clients to achieve more, and we aim to support the local community as best we can. If there is anything, we can assist you with; please contact Andrew Lees Lettings today.