How Letting Agents Help Maximise Profits and Minimise Risks for Landlords

Ensuring Compliance

Lettings is a highly regulated sector, subject to numerous laws and regulations designed to protect both landlords and tenants. From safety standards to tenancy agreements, compliance is non-negotiable. At Your Move, we understand the intricacies of these regulations and take pride in updating both tenants and landlords with the latest legislation, ensuring that all properties under our management comply with it. 

Effective Property Marketing

A key aspect of a successful letting is effective marketing. Your Move uses proven strategies to market properties to attract potential tenants and maximise exposure. From professional photography and detailed property descriptions to floor plans and EPC certificates, our team showcases properties in their best light. We also conduct extensive viewings, providing prospective tenants with the opportunity to experience the property first-hand. This proactive approach ensures timely occupancy and optimal rental returns for landlords.

Tenant Recommendations

Finding the right tenant is essential for long-term property investment. Your Move utilises a rigorous screening process to recommend tenants who meet the criteria set by landlords. By conducting thorough assessments of prospective tenants’ financial stability and rental history, they identify reliable individuals who are likely to uphold their rental obligations. This meticulous approach minimises the risk of tenancy disputes and ensures a positive rental experience for both parties involved.

Tenant Referencing and Security

Once suitable tenants have been identified, Your Move proceeds with referencing and securing the tenancy. We verify the credibility of prospective tenants through comprehensive background checks, including ‘right to rent’, credit and employment verification to ensure eligibility and affordability. This process not only safeguards landlords against unreliable tenants but also provides tenants with assurance regarding their tenancy status. 

Rent Insurance

In today’s market, the option to insure rent has become increasingly popular for landlords who want to protect their income. Your Move offers a rent insurance policy that provides coverage in the event of tenant default. If a tenant fails to pay rent after 28 days, the policy steps in to ensure landlords receive their rental income. For a nominal fee (e.g. £15.75 per month on a £600 rent), landlords can safeguard their income and mitigate the financial impact of tenant arrears. A small price to pay for peace of mind!

Investment Protection and Peace of Mind

Whether landlords are entering the rental market for long-term investment or seeking to supplement their income, the assurance of rental income is crucial.

That’s where letting agents like Your Move in Carlisle play an important role in the UK rental market.

Your Move’s local knowledge and expertise, combined with their comprehensive range of services – particularly their tenant referencing and rent insurance services – provide landlords with the peace of mind they need to let their properties with confidence. By alleviating concerns related to income security, tenant default and legal liabilities, a reputable letting agent can give the appropriate guidance and support to allow landlords to maximise their returns while minimising risks.