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When you put a house or flat on the rental market, you’re opening your property to people you don’t know. This can be daunting, and you might not know how to find a tenant that will be responsible and conscientious. So what things should you look for in a new tenant?
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Part of London’s Central Business District (CBD), Canary Wharf is an integral part of the capital’s economic activity. Some of the world’s largest financial institutions have their headquarters in Canary Wharf, conducting global business deals every single day. But how important is Canary Wharf to the London economy?
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Canary Wharf is one of the most iconic areas in London, best known for being home to some of the city’s biggest businesses. But Canary Wharf is so much more than skyscrapers and offices, it’s also a fantastic place to live.
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We all know that Canary Wharf, and the E14 area in general, is going through a period of unprecedented change right now, but are you actually finding it difficult to rent your property?
Whilst we have written this article with the E14 area at the forefront of our minds, we do believe it contains advice which is transferrable across different sets of market conditions and geographical areas.
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Decisions, decisions, decisions.
Life is full of them.
There are everyday ones like what to have for dinner.
Or slightly bigger ones including which box set to start watching.
And there are the really big choices such as who to settle down with or which career to pursue.
And while deciding which estate agent to sell or rent your property is a big decision it’s certainly not life or death, but it will have an influence on how successful your move is, or how profitable your rental investment is..
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It's commonplace for companies to have fancy advertising slogans, mission statements and core values, but here at Proper Local we like to keep things simple.
So, instead, we're just going to make you some promises.
We promise...
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With the high level of demand for rental properties in E14, it is easy to see why many people think that acting as a landlord will be a good way to generate income. If you have funds available to invest in property, or you have a satisfactory credit history and financial status that you can obtain a mortgage for property investment, acting as a landlord can provide you with a better lifestyle.
However, it is important to be aware that being a Landlord isn't easy. There is a difference between good Landlords and bad Landlords. Over time, good Landlords find that the process becomes simple and they can make good money without a lot of work and effort, but unfortunately, there are a lot of bad Landlords out there. Bad Landlords don't provide a good standard of service and expect to make money from little work or effort. In the long run, they lose out and often ending up in debt or losing out on a lot of money.
Being a Landlord is a good idea if you are committed, and here are some top tips on how you can achieve this:
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Awards
As a property seller or landlord, you might roll your eyes and think ‘so what?’ when an estate agent mentions their accreditations and awards.
But this stuff matters and is often the difference between good and bad agencies.
The consistent positive feedback we receive from our clients has led to us being given the Gold Trusted Service Award from Feefo.
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One of the biggest myths in the property industry is that because corporate estate agencies are big they have more marketing muscle than smaller, independent agents.
That used to be the case but like so many things the arrival of the internet changed everything.
The property portals - Rightmove, Zoopla and Prime Location - have levelled this playing field.
They drive buyers and tenants to properties not individual agencies.
Most buyers and tenants now conduct their property search online. Gone are the days where there was a queue of people outside your office on a Saturday.
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We’re not the most loved of professions, estate agents, but why is that?
Is it the perception of underhand sales tactics? The unreturned phone calls and emails? Lateness to appointments? Or, perhaps, the needless flashy suits and the general ‘geezer’ image?
To be honest, we don’t care, because we’re not like that, and to be fair we don’t think there are many who fit the approve profile left (but there are a few, so be warned!)
A good estate agent should be your ‘trusted advisor’. A person who knows his or her area, knows the market, knows the ins and outs of the legalities, and isn’t afraid to pick up the phone when the news is bad (funnily enough, we all find it easy to make ‘good news’ phone calls).
