Propertywire reported that during the first quarter of 2016 there was an increase in demand for rental homes post the increase in buy-to-let properties purchased pre April. Many people now consider a rental property their home over and above it being just a stepping stone.
From this perspective a tenant requires a good relationship with a landlord or property manager to ensure they stay happy, get issues addressed properly and know their deposit is safely in a deposit protection scheme. Here at Tortoise we are members of The Property Ombudsman and are SAFE agent accredited.
The average length of time a tenant spends in a rental property is seven years and in the private rented sector that can be as high as 13 years. When a new rental property comes to market that is clean, neutrally decorated and has a great location it will be snapped up and it is highly likely a landlord will benefit from long term reliable tenants. If you are a landlord considering adding to your portfolio or a prospective landlord, you’ll be making a sound investment.
Cultivating great working relationships between landlords and property managers and tenants and property managers is important as this will ensure happy tenants continue to support your investment. HMOs (House of Multiple Occupation) do very well in the right location.
This month’s rental successes include:
A three bedroom terraced home in Crowhurst Werrington renting for £725 per month. – View property here.
A two bedroom bungalow in Morborne Close, Stanground renting for £725 per month. – View property here.
A two bedroom coach house in, Apollo Avenue, Cardea renting for £675 per month. – View property here.
A two bedroom semi-detached at Belsize Avenue, Woodston renting for £650 per month. – View property here.
A two bedroom flat at Braymere Road, Hampton renting for £650 per month. – View property here.
New properties to market include:
A four bedroom town house in Thistle Close, Yaxley renting for £950 per month. – Available from W/C 27th June.
A four bedroom town house in West Lake Avenue, Hampton renting for £950 per month. – View property here.
A two bedroom coach house property at Harn Road, Hampton renting for £675 per month. – View property here.
Our professional tenancy agreements mean as a landlord you are protected with references and digital inventories as well as accompanied check in and check out. There are a couple of ways to work with us. Take a look at our video on our Full management Service below:
Alternatively take a look at our Let only services video below for more information:
The rentals market is littered with legislation. The Housing & Planning Act 2016 is one such act that means property managers and landlords have more to do than just put a tenancy agreement in place. Our years of rental experience puts us at the forefront of knowledge on these topics. For more information take a look at our blog on the housing planning act 2016 and rentals.
Please feel free to contact me with any questions via our website www.tortoiseproperty.co.uk or via my Linkedin account.