Thursday, 26 August 2010

Guildford Landlords tips

I thought I would write a little bit about how to spot if your letting agent really adds value to you. Many landlords will let properties themselves and never have issues and think everything is fine, they often ask "what is the point of an agent" especially if they have had a poor experience from a lazy uncommunicative agency.
This week Belvoir lettings Guildford has arranged an EPC for a customer at £40 (no VAT to pay), this compares to £115 plus VAT from a well known competitor. This competitor is probably making money out of arranging the EPC rather than trying to add value. If a customer sourced it privately the EPC would cost circa £75. Ask to see invoices, ask if they add a commission for work organised by them, with Belvoir lettings Guildford we try to save the landlord as much money as possible not charge them as much as possible!
We also, through our local contacts were able to fix a long term broken sink for £35 for a landlady. She had put off fixing it because she was convinced it would cost £hundreds and need an entire new sink. This is how we try to add value, ask your agent if they are trying to save you money by using the best contractors or worse still they are adding a commission.
I would also recommend to look at tenant find only fees that are structured so you have to pay again during the second year of the tenancy, what are you paying for? Check the small print and try to use a firm that has a one off charging system. You know I am about to tell you how Belvoir Lettings Guildford have one off charging for tenant find only services....
We also don't charge a letting fee on fully managed properties when we source a new tenant for you, although there is a £60 admin fee, we just continue collecting 12% of the rent and your property continues to be filled and cared for!

Thursday, 12 August 2010

Guildford Letting Agent gives tips to Landlords

My tip today is to make sure any tenant that states they want to take your property signs an agreement to lease at a future date plus gives you £500 holding fee (depending on monthly rent). The agreement to lease is a simple document stating that if the tenant withdraws before the tenancy agreement is signed the landlord is protected for any financial lose e.g. rent or re-advertising fees. The contract also protects the tenant in case the landlord withdraws without good reason and loses money due to, say, hiring a removal van and the deposit paid to do so. Obviously failing references is a good reason, so if both parties are serious an agreement to lease and a holding fee protect both parties and give peace of mind.

Friday, 6 August 2010

BELVOIR! Guildford take on a high quality 7 bed house

For those that have been following my tips for tenants and landlords I apologise because today I shamelessly want to blow our trumpet as we move on to bigger and better properties.We have just taken on the property decribed below:
A 6-7 bedroom executive Tudor style house set in an exclusive private development, with excellent transport links and local schools. This high standard property benefits from 3-4 reception rooms, 6 bathrooms of which 4 are en-suite , designer kitchen with dining space and centre piece worktop area, utility / changing area linked to 1 acre mature landscaped grounds boasting heated swimming pool, Jacuzzi, summer house and integral double garage. The property has neutral modern decor throughout whilst creating character through exposed beams and wooden latch handle doors to compliment, to enhance the quality each room has wired in speakers, modern spot lighting and a ceiling fan.
On the ground floor is the lounge, dining room, study, kitchen, utility area with shower, WC, coat room and entrance hall which leads to the first floor where there are 5 bedrooms with 3 en-suite bathrooms plus the main family bathroom. There is further storage space from the gallery / landing by the stairs up to the second floor. The top floor has a further bedroom with en-suite and walk in wardrobe plus a further family room or 7th bedroom.
Photos can be viewed on our website. IT is available for £9500pcm through Belvoir Guildford.
The property is an executive home, I would be grateful if this link was sent to any relocation agent. The property is in Walton-on Thames near St george's Hill and Weybridge. So if you know any top executives looking to move to Surrey or the suburbs south of London - let me know.