Full Management Service
Inspection and rental valuation of the property. Marketing the property. Receiving enquiries and accompanying prospective tenants wishing to view the property. Careful selection of tenants. Tenants will usually be referenced by LetRisks whose report will include credit score, electoral information, public information such as CCJs, employer's reference/salary details, previous Landlords reference if appropriate, and any potential of fraud warnings. Preparation of Assured Shorthold Tenancy Agreement and relevant notices in accordance with the Housing Act 1988 (as amended by 1996 Housing Act). Collecting the first month's rent and dilapidation deposit. Signing up the tenant and releasing keys, forwarding copy documents and payment to owners. Preparation of a detailed inventory of property contents and condition with supporting photos. Collection of rent and payment to owner's account by BACS on around the 12th of each month and preparation of detailed monthly statements. Chasing late payers as necessary. Inspecting the property every four months and forwarding a detailed report to owners. Instructing tradesmen should any minor repairs or maintenance be necessary that are the Landlord's responsibility. Arranging for the garden to be maintained if and as required. Dealing with any insurance claims i.e. getting quotations, completion of claim form and arranging for any insured repairs to be carried out. Being the first point of contact so that owners do not have to deal direct with or take calls from the tenant Any tenancy renewals, rent review notices, notice to quit etc End of year spreadsheet of all transaction if required by your accountant Providing a 24 hour emergency plumbing service Ensuring that the landlord / property are compliant with current and ever changing legislation When the property is empty between lettings: Arrange for cleaning if necessary. Close the utility accounts Leave heating on timer during the winter Arrange for any repairs. Advice on taxation. Arrange to transfer the utility accounts to the tenant's name. Preparation of check out report and the end of the tenancy highlighting discrepancies as compared to the initial inventory. Arranging repairs and negotiating the deposit deductions with the outgoing tenant.