Why Let and Manage your own property
There are several potential advantages to renting out your property yourself instead of using a letting agent:
1. Cost savings: One of the biggest potential advantages of renting out your property yourself is that you can save money on agent fees. Letting agents typically charge fees as a percentage of the rent or a flat fee. Many landlords prefer to list their properties themselves and, thus, avoid these fees.
2. Control: Renting out your property yourself can give you more control over the entire rental process. You will have the final say in negotiating rental rates and conditions, screening potential tenants, and handling any maintenance issues.
3. Flexibility: With more control over the rental process, you may have more flexibility in terms of pricing, lease agreements, and tenant selection.
4. Personal Touch: As the landlord, you can create a personal relationship with your tenants. By establishing a good rapport with your tenants and responding to their needs, you can create a positive rental experience for both parties.
5. Local Knowledge: As the owner, you have more comprehensive knowledge of the local rental market and can set your rental rates accordingly to get the most ROI. You can also adapt to significant changes in the local real estate market.
It is important to note that managing a rental property comes with its challenges, and a letting agent can be beneficial for those who do not have the time, expertise or find it challenging to manage a rental property effectively.
Listing your property with Tenant Link Direct
1. On the Tenant Link Direct website, create an account. This will give you access to your platform to manage your property listings.
2. Enter property details: Enter the details of your property that you want to list, including type, location, monthly rent, number of rooms, and any other important information.
3. Upload photos: Take photos of your property (inside and outside) and upload them to the platform. Make sure the photos are high-quality and show off the best aspects of the property.
4. Set the rental price: Pricing your rental is key. Research comparable properties in your local market to determine the best price.
5. Once you have completed the above tasks, we will publish the listing on the Tenant Link Direct website and to Rightmove, the UK’s leading property portal.
6. Communicate with potential tenants: Once your property is listed, you will receive qualified inquiries from potential tenants. Respond timely to inquiries and arrange viewings for your property.
7. Conduct background checks: Conduct background checks such as credit checks and employment verification to select the best tenant for your property.
Legal requirments when letting
As a landlord in England, there are several documents and information you must provide your tenant when letting your property. Here are some of the essential things you should give your tenant:
1. A copy of the signed tenancy agreement – This is a written agreement that sets out the terms of the tenancy. It should include the rent amount, the length of the tenancy, and any rules that the tenants must follow.
2. A copy of the Gas Safety Certificate – This document confirms that all gas appliances and pipework in the property has been checked and found to be safe by a registered Gas Safe engineer.
3. A copy of the Energy Performance Certificate (EPC) – This document gives a rating of the energy efficiency of the property and is required by law.
4. A copy of the electrical safety certificate – A landlord must provide a tenant with a copy of the electrical safety certificate required by law for all new tenancies from 1st July 2020.
5. Inventory and condition report – An inventory is a detailed list of all the furniture, fittings and appliances in the property, as well as the condition they are in. The landlord should also take photos of any pre-existing damage to the property or items provided with the property.
6. Government “How to Rent” Guide – Landlords are legally required to provide the most up-to-date version of the How to Rent guide to tenant(s) at the start of the tenancy.
By providing these documents and information, you can ensure that your tenant understands their responsibilities and your obligations as a landlord.
