7 steps to successfully letting your property

How to become a successful, positive and happy landlord

Simply follow these 7 steps to ensure you achieve this

1. Choose the right agent

Unqualified agents cost landlords and tenants thousands of pounds and unnecessary stress each year. A licensed ARLA agent is qualified and required to keep up to date with changing legislation affecting the lettings market.

GL & Co are licenced members of ARLA and our lettings team will be able to guide you through current legislation changes
A licenced firm abides by a Code of Practice and Rule of Conduct
This means you can be assured that the service you receive is to the highest standard and all enquiries will be dealt with professionally and fairly

2. Ensure your property meets and ideally exceeds suitable living conditions for tenants

To achieve the maximum income from your rental property and ensure you have tenants who look after your property and keep it in good order.

GL & Co use local, reputable trades people
GL & Co can organise and oversee any works to be carried out
GL & Co are able to offer advice to Landlords to keep your property in the best state of repair

3. Ensure you meet all the Heath & Safety and Statutory Requirements

There are legal requirements for Landlords to maintain their properties.

GL & Co have a dedicated team, we treat your property as our own and you can leave everything to us
GL & Co are able to guide you through legislation that landlords must comply with and the complexities of the local lettings market

4. Choosing a fully managed service has huge benefits

Of course Landlords want the best possible financial return on their investment. Many choose to use an agent to find a tenant then go it alone for the remainder of the tenancy. This has the potential to cause undue stress and worry when issues arise.

GL & Co are able to guide you through tenancy deposit legislation that landlords must comply with
GL & Co can help you through the complexities of the local lettings market and manage everything on your behalf

5. Get references for your tenants

(Un-referenced tenants can cause stress and loss of revenue.)

You decide to let your property to a friend or a friend of a friend. You know them, you think it will all be fine. What happens if they fall on hard times? Or they haven’t been completely transparent about their financial situation? This can cause you as a landlord to incur huge costs trying to recoup unpaid rent or at worst evicting the tenants.

At GL & Co, we have a stringent applicant screening process and rent guarantee policies available to our landlords to ensure you are safeguarded in a worst case scenario
Based on the applicant screening and referencing process, we hope to ensure the worst case scenario doesn’t occur

6. Ensure you have a signed, legally binding tenancy agreement

The Tenancy Agreement details the responsibilities of both Landlord and Tenant and is legally binding.

We provide you with legal documentation drawn up by an independent legal advisor, specialising in the letting industry, to ensure your tenancy complies with all current regulations
Tailor made to your requirements

7. Ensure you have a professional inventory

Inventories are reports that accurately document the condition of a property and are used to assess claims for damages at the end of the Tenancy.

It is vital the inventory is comprehensive. Landlords and tenants need to be able to compare the condition of the property at the start and end of the Tenancy.
As an ARLA registered letting agent GL & Co will give you the best advice and guidance should a claim need to be made against the deposit.