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Monthly archive for November 2018

Top Tips For First Time Landlords in Peterborough

Top Tips For First Time Landlords in Peterborough

All landlords have been first time landlords once. It is a huge learning curve for all first time landlords in Peterborough as there is so much involved in being a landlord. There are also lots of mistakes that you can make as a first time landlord, so we have put together these top tips to help you avoid the common, and often expensive, mistakes that first time landlords in Peterborough can make.

Rent Is The Priority

As a letting agency in Peterborough we are often surprised at how many landlords do not pursue the rent and late charges. If your tenants are not paying their rent or ignoring your contact when chasing the rent then you need to start the eviction process now, not months down the line.

By working with a professional letting agent they will chase this payment for you to ensure that you get your rent when it is due.

Screen Tenants Efficiently

Screening tenants is really important, it is often that gut feeling you had about a tenant when you handed over the keys, that comes back to bite you on the bum months later. You need to make sure they work at the company they say they work for, that they have references and that they can be trusted to look after your property and will pay their rent on time.

Again, by working with a letting agent, as a first time landlord in Peterborough, we can take away this stress for you as all tenants are screened before they even view your property.

Consider Extra Income Opportunities

Not all properties will have extra income opportunities, but some will. For example you could
consider installing solar panels and then sell back excess energy generated to the grid. Maybe there is an unused yet secure shed that could be rented out for self storage to the tenants or to a local business?

We can look at your property with you and make recommendations for any extra income
opportunities that your property may offer.

Know Fair Housing Laws & Regulations

Even if you are using a professional letting agency, there is no reason that you shouldn’t take the time to learn and understand the fair housing laws and regulations. There can be serious implications if you violate these laws and regulations so read up on them for the peace of mind that you’re doing the right thing as a first time landlord in Peterborough.

These are just SOME of the very many mistakes that first time landlords can make.

Being a first time landlord can be a very stressful experience when going it alone so why not partner up with the team here at Letters Group to help ensure that you are being the best first time landlord you can possibly be?

Why Sell Your House During The Christmas Period?

Why Sell Your House During The Christmas Period?

Many people think that trying to move house over the Christmas period is a big mistake, but in this article we would like to share with you some of the many reasons that this is no longer the case. If you can make your home visible online during the Christmas period, you could be surprised at just how well this could work out for you.

People have lots of free time over the Christmas period; they are often off work for longer than usual. They are also spending more times in their home and with their family, they have the motivation for a change in the New Year and this makes the Christmas period a great time to sell or buy a home.

By making your home visible on all major property portals like Rightmove over the Christmas period you will see your property gets a lot more interest than it could at other times of the year.

Property portals show that there is a massive spike in properties being viewed on Boxing Day.
However, if you are selling your home over the Christmas period you won’t need to worry about us calling you as you’re in the middle of celebrating, opening presents or eating dinner.

We know that Christmas is a busy time for families so we operate a ‘Do Not Disturb’ policy. This allows potential home buyers to click on your property through Rightmove and our website, but not view the property until the home seller is available and wanting people to view their property. In some cases this could be into the New Year.

Once Christmas Day is done, the turkey is eaten, presents unwrapped, chocolate consumed in mass and the Queen has done her speech, people will often turn to their mobile devices and start looking at properties on line.

Where could they be living this time next year?

Christmas time is when people are joined by families and this can often lead to decisions of moving closer to these family members, or in some cases, further away from them. On Boxing Day your property is viewed because people are still on ‘holiday mode’ and want to make changes for their future.

While Rightmove claim that Boxing Day is their busiest day of the year, we would certainly agree here at Letters Group.

If you are considering buying or selling a home during the Christmas period, then get in touch with our friendly team now.