In this two-minute read, we look at the benefits of using a letting agent to manage your rental property (part one of a two-part series).
Almost every landlord has weighed up the merits of self-managing their rental property versus using a letting agent. After all, why pay someone to do something you do yourself, eh?
It’s a reasonable enough question to which we have an emphatic answer: there are many reasons to get an expert to manage your investment property (we can think of at least 12).
It makes sense from a financial point of view (as we’ll explain in this article) and from a time management perspective (stay tuned for part two next week, where we’ll cover this). Let’s look at the first six reasons.
A good letting agent will:
- Save you money.Let’s cut to the chase: a letting agent will improve your profit margin. According to research, a letting agent saves a landlord on average £1,910 a year (source: Endsleigh Insurance).
- Share market insight. Letting agents know the local market like the back of their hand and provide expert advice about setting rents. Go too high, and your property will sit empty. Go too low, and you’ll miss out on revenue.
- Help you access top tradespeople. Letting agents have a selection of reliable professionals on speed dial, so when you need a plumber, sparky or builder, you won’t get messed around by someone who cuts corners and charges the earth.
- Chase rental payments.A letting agent will address late payments in a professional and timely manner. Landlords with hectic schedules often prefer to let an expert deal with the hassle of chasing late rent.
- Handle the inventory. Get a pro to do your inventory so you don’t lose money at the end of a tenancy. When it comes to assessing damage and ensuring the property has been adequately cleaned, a good inventory is crucial.
- Sort the end of tenancy inspection. Even smooth-running tenancies can get complicated towards the end. A letting agent will handle the final inspection and ensure you’re not left out of pocket for cleaning or repairs.
Watch out for six more tips in part two of this article which will be released next week.
Get in touch with us to learn more about our property management services.
© Chamberlains 2021
In this two-minute read, we look at how parents in South Devon can help their children adjust to being back in the classroom.
After many long and draining weeks of learning from home, children across the UK are finally returning to school.
While weary parents may be glad to see the back of homeschooling, some children may find the transition from front room to classroom daunting.
After spending so much time at home, dealing with the hurly-burly of school life might prove challenging for young people.
Here are some back-to-school tips from the NSPCC and mental health charity Place2Be.
- If your routine slipped during lockdown (and let’s face it, almost everybody’s did), readjust your child’s bedtime so that they’re not tired when you get them up for school.
- If your child has a tablet or phone, make sure that they’re not using it close to bedtime as this will interfere with their sleep.
- Exercise and fresh air aid a good night’s sleep, so if your child is experiencing broken sleep or is feeling anxious, get outside in the great outdoors.
Talk and listen
- Talk to your child about how and why some things at school – such as lunchtime, playtime and PE – might be subject to different rules. Children are remarkably adaptable, but it’s worthwhile being upfront about the unusual situation in which we find ourselves.
- If your child struggles to express themselves, encourage them to draw, paint or write about what’s on their minds. Putting our thoughts down on paper can have a soothing effect and help put things into perspective.
- If returning to the classroom is making your child anxious, arrange to meet one of their friends on the way to school so that the two can chat before they get to the gates. Most likely, they’ll be so busy catching up with their mate that they’ll forget their nerves.
Advice and support
- If your child seems stressed, show them Childline’s Calm Zone and explore some of the relaxation tips, breathing exercises and games on offer.
- If catching up on lost lesson time is proving difficult for your child and you’re considering hiring additional support, read the NSPCC’s safety tips for hiring a tutor before you do anything.
- Talk to a teacher or school counsellor if you feel concerned. Some parents feel embarrassed seeking mental health support for their child, but it’s okay to ask for help.
Charities that can help
From the team at Chamberlains, stay safe and take care.