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On the market for two months, let in 4 days by Rent North East

Our client got in touch after his property had been vacant for two months, throughout which it had been marketed to let by another large local agency. The client lives in Australia and was frustrated at what he felt was lack of any significant progress, and felt especially helpless living so far away. He contacted Rent North East after reading some online reviews of our services, written by other satisfied landlords.

Further to his instruction, we visited the property to find that it was in excellent condition, in a sought after location. We were amazed that it had been vacant for two months!

We visited the property on a Friday, and put it on the market over the weekend. By Wednesday afternoon we had dealt with over thirty enquiries, carried out five viewings, and had secured a quality tenant.

Needless to say, we have a very relieved client.

Here are some factors which helped us to achieve a better result than the first agents:

How we enable our landlords to have full control of their business.

Owning a buy to let property is owning a business. Some business owners want to run the business themselves, others prefer to delegate the work. One thing that most people want is to have full control of their business; to be able to make all the significant decisions themselves, supported by comprehensive knowledge of all factors to be considered.

We enable our landlords to retain full control of their business without having to oversee the day to day aspects.

Rent North East utilise bespoke technology to allow our landlords to make their decisions in their own time, from whichever location they are in, without compromising on the speed at which the decisions need to be made, or on the information which is needed in order to come to an informed decision.

How we do this:

Critical mistakes some landlords make... 

Not vetting potential tenants

The stories I have heard from landlords that have chosen to not vet their potential new tenants are dumbfounding to me. If you don’t know the history of an individual(s) you can put yourself in jeopardy by having them move into your property. To be safe you should always be sure to at the very least obtain verified proof of income and previous landlord references. More intense vetting and referencing is very highly recommended to reduce the risk of letting the wrong tenant into your property.

Hiring Unskilled Maintenance Workers

Are you thinking of renting out your home? Here is what you should know…

Renting out your home can be a great source of income, and helps many people to pay a mortgage on another property, or just provides a second income stream.

It is not without it’s risks however. Unlike many rented properties, which have been purchased by an investor with the express purpose of renting it out, or which are owned by accidental landlords, renting out your own home comes with it’s own unique set of challenges to deal with.

Here are a few points to consider.

Interview with Jack Barnett, Director, Rent North East. By Chris Walkey, Estate Agent Networking

Do you feel that more should be done to regulate the lettings industry and help improve the reputation of it? Many suffer from a few rogue traders it would seem.

Absolutely. Landlords and tenants don’t feel that they have a clear idea of what they should be entitled to.

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