It has been over a year since The Letting People launched the No fee guaranteed rent scheme and what a year it has been with a positive response from local landlords after the scheme was announced in January 2011
Are you a buy-to-letter looking to ‘let and leave’ with a guaranteed rent, no void periods, and no letting agency fees? Or, a landlord with a property now needing a makeover to attract the best tenants and highest rental
Savvy landlords and many sensible investors are now looking to become the next generation of buy-to-letters.  With bank interest rates expected to remain at low levels of 1-2% and well-managed properties yielding 5-6% of the whole purchase price (and sometimes more) 2012 is looking like a happy new year for landlords.
Added to this, as potential first-time buyers move into the area and find they are unable to secure a mortgage to buy a property, the demand for rented property is increasing dramatically.  This increase in demand is occurring across most of the country and therefore, landlords have rarely found it so easy to raise rents. Locally, this is probably the first sustained increase in rents for over ten years!  Also, many of those buy-to-let landlords entering the market in the last decade will also be seeing happier times ahead as historical fixed-rate (many over 6%) mortgages come to the end of the term and they can reap the benefits from the sustained and unprecedented low Bank of England interest rate.
All good news for potential landlords, but how do I take advantage? The Letting People are now offering a new letting service with a guaranteed rent, no void periods (over an agreed fixed term) and no letting agency fees.  Where required we will also offer a property makeover schedule. 
This new service is an alternative to our more traditional agency letting schemes and will ideally suit those investors wishing to ‘let and leave’ their properties with no fuss and hassle (no tenant change over, deposit disputes or void periods for you to worry over during the period!) and an agreed guaranteed rent which you can budget for a period of up to 3 years. All this includes a free management service provided by The Letting People.
Interested? To find out more about this service, please contact us to make an appointment for us to assess your property for the scheme
 

At our Leamington Spa branch. The next time you visit Homebase at Leamington or Warwick why not pick up The Letting People discount card. The Letting People discount card may be collected from the stand near the tills and if you are looking to let out your property, you could claim a £50 discount on our classic agency letting services!

The Letting People – Leamington Spa branch are celebrating the launch of their new web site and offering a thank you of 52 FREE weekly entries into the Myton Hospice lottery for any landlord who has been recommended and we sucessfully let their property and 52 FREE weekly entries to you as a thank you for recommending your friend!. Please sign up below to register your recommended landlord details for this offer

For details of the Myton Hospice lottery

We all like a nice surprise (and also helping a local charity) so every month The Letting People are giving all their current landlords, and potential landlords, a FREE entry into their new prize draw to win 52 FREE weekly entries in the Myton Hospices Weekly Lottery.

The monthly prize winner will join the local hospice weekly lottery every week for 52 weeks (one year) and could win up to *£5,000 (*quarterly jackpot prize in the Myton Hospices Lottery)

Money generated from the lottery goes directly towards the running costs of the Myton Hospices.  Every week winners of the hospice lottery share a guaranteed prize fund ranging from £5 to £1500.  (Players must be 16 or over.) 

It’s quick and easy to enter – Simply phone The Letting People on 01926 832291 to register your details.
If you would like a free specialist market appraisal of how much your property could be rented for – find out more at: The Letting People, 1st Floor 5 Euston Place, Leamington Spa CV32 4LN Tel 01926 832291. Email: info@thelettingpeople.co.uk
 

According to a recent survey of 2000 parents, toddlers and young children, cost nearly £400 in damage to *homes!

The top causes of costly damage were:

• Ruined wallpaper and drawing on walls
• Spills, scratches, and tears to furnishings
• Scratches and drawing on flooring
• Repairs from toys being put into the washing machine

If you are a landlord with a family-size property to rent, you may want to consider the following toddler-proofing strategies to outwit the terrors of toddlers:

1. Easy-peasy cleaning

Where necessary, in areas of passing pushchairs, etc, use washable and heavy-duty endurance paint in a suitable colour – such as a fashionable grey.  There are some great paints available, in any colour, that can make cleaning of handprints, mud, etc much easier.  In addition many tough paints can withstand scuffs from furniture removals, and tough white gloss paints on woodwork can be easily freshened up when necessary.

2. Gates galore

To keep toddlers in ‘safer’ areas look at where stairgates could be used to keep a small child in a playroom, or away from dangers such as kitchens, bathrooms, and stairs.  Providing one or two stairgates may well be a great help to parents who are just beginning to experience a baby turning into a child ‘escapee’ !

3. Wonderful wipes

What did we do before we had those disposable wipes? To maintain clean surfaces wherever possible, fit high-gloss units in kitchens, utility rooms, and bathrooms.  If you also provide the correct cleaning materials or specialist wipes for any wooden furnishings, etc, your tenants will be more likely to continue to use the right materials needed for the job.

4. Show-off shelving

Stylish and practical shelves can be a godsend for tenants living in your rented property.  Somewhere to put valuable and important things out of the way of inquisitive toddlers is always going to be a positive feature.  In addition, higher-up plug sockets nearby will be useful for recharging phones, etc or perhaps to plug-in a hairdryer if the shelf can display a freestanding mirror.

5. Fabulous flooring

Floors can take their fair-share of destruction too with damage from toddler’s toys and from crayons, and spills, etc.  Perhaps the best flooring for families would be solid wood, laminate,lino, composites, or ceramic tiles.  If this seems a bit too cold or ‘sterile’ in certain areas, robust mats and rugs could be provided, which should be easier to replace if necessary.

6. Wicked wallpaper

Although it may be tempting to have a feature wall with some fashionable wallpaper – generally washable paint is a better option in rented property.  Wallpaper, unless very durable, can become easily damaged or destroyed, and may not be simple for a tenant to replace if it needs repairing.  Generally white walls and ceilings are the easiest for everyone (no need to match the paint) and are less time-consuming to freshen up when needed.

7. Laidback Landlords …

Perhaps the best tip is to have a laidback approach to toddlers in general – they will soon grow up – and very few parents will want to continue to live with rips in wallpaper, dirty marks on walls, or damage to floors and furnishings.  It is probably better to encourage the parents to have a good contents insurance policy (with accidental damage covered) and to adopt a good communication strategy with regular property visits.  These visits will also help to avoid any last-minute misunderstandings at the check-out stage.  Working with the parents to sort out any repairs and maintenance (however caused) at an early stage, as quickly and easily as possible, will make everyone’s lives a bit easier.

And at least the landlord doesn’t have to cope with smartphones, expensive the other costly destructive habits such as toys, £20 notes, and even car keys being flushed down the loo!

If you’d like to know more about lets with toddlers in tow, please just ask.

*Source: Direct Line Home Insurance 2016

The Letting People has launched a sales service through our new brand www.thepropertysalespeople.co.uk  to help landlords and property owners to sell their property. Register your interest on www.thepropertysalespeople.co.uk

Whether you are looking to advertise and arrange your own sale from just £399, or need the services of one of our property consultant professionals to secure your sale, we can help!

Call us on 01926 658206 for more information

Our sales service brochure can be viewed here: https://www.thelettingpeople.co.uk/userFiles/the_property_sales_people_guide_to_services_a4_4pp_4.pdf

Looking to invest in rental property in Leamington Spa, Warwick or Kenilworth? Sign up here for our latest property news, updates and insights straight to your inbox. Please click the link below.

Ps When you sign up you can download all previous issues!

http://l.thelettingpeople.co.uk/Local-property-news-updates-insights

Landlords, unlock the rental potential in your property with the help of your local rental property expert!

We are often asked "what are tenants looking for in the Leamington Spa, Warwick and Kenilwoth area"? or "what should we do with our rental property to attract the right tenant"? These questions are also asked by more experienced landlords who have been letting property for a number of years and are now finding that their property is not letting as quickly as it did before.Why?

The truth is that the rental market in this area is changing rapidly and properties that may have previously experienced steady demand may now becomming much more difficut to let. Have you got a fresh, modern and appealing kitchen with appliances, a white bathroom suite and neutral carpets or flooring in your property? These are the features that many professional tenants are looking for when deciding to rent a property.. and are willing to pay a premium!

Not only are landlords facing void periods with an empty property, landlords are also facing increased costs through removal of tax allowances, changes in calculating your tax due on your property investments and the additional stamp duty.

So what can you as a landlord do to improve your situation.? Well now is a good time to think strategically about your rental property and in particular the demand in your local rental market.

Help is at hand!

This property in Marton had been let through The Letting People for some years and was in need of some updating work to attract professional tenants for a further 7-10 years.

The Letting People arranged the supply and fit of a new kitchen, flooring, repainting and other refurbishment works. The landlord also arranged for a new gas fire and this property was then ready to go. The rental value increased by £250 per calendar month giving a return on the investment in just under 2 years. 

Click here to view images of this property both before, and after!

https://www.thelettingpeople.co.uk/userFiles/property_refurbishment_marton.pdf

On launching back on to the rental market, the property attracted immediate attention from professional tenants looking for an updated village property that was ready to move into – and was let in 1 day.

A win win for both the Landlord and Tenants!

Talk to us about how we can help by investing our resources in your property to give you the rental that you want!

How to sell your property online for £399   

                                    The new alternative – taking full control of the sale of your property

• What is really important to you about selling your property? 
• Is the cost of the sales process a major consideration for you?
• If you are a savvy online shopper– have you considered using an online estate agency to sell your property?

With ‘High Street’ estate agents’ commission fees averaging *1.2% of the final sale price, the decision about how you sell your property could make a big difference to the total cost of your sale.  Any significant saving on an estate agent’s fees, could also affect how much you can afford to spend on your new property purchase!

But why do traditional estate agents, based on the local High Street, charge you so much more than online estate agents? 

The simple answer is that ‘High Street’ agents typically have considerable office rents and business rates to pay. The offices may well have some customer-friendly extras – such as trendy touch screens, feature furniture, and perhaps a free coffee too.  They may also offer you some glossy brochures to take home. And all these extras will add to your costs!

More often than not, once your property is advertised your local estate agent will arrange and accompany all the viewings, and then negotiate the offers, and the sale with interested buyers. Of course not all High Street agents are the same and most will have an online presence too.

• What is the difference if you chose the new alternative, and use only an online agent?   … and is there a catch?

If you are a confident online shopper, there is no catch, and you could sell your property for as little as £399 using an online estate agency.  With the use of a user-friendly cloud-based online system you will soon be taking full control of the sale of your property – communicating directly with your potential buyers, arranging your own viewing appointments, and negotiating your sale.

Of course if it turns out that selling your property yourself is too much faff, and your time is more valuable than the cost-saving, you should also be able to upgrade the service to obtain more help from a local property consultant.  Then you can enjoy the best of both worlds – you can keep an eye online with what your potential buyers are up to, and you can save your time by using the skills of an expert too.

If you need any further advice or information in selling your property:

Please contact The Property Sales People on 01926 658206

Alternatively you can register your details here http://www.thepropertysalespeople.co.uk

*According to an article by Which money (Updated August 2018) quoting a Property Academy report in 2017

Its official! Leamington Spa wins the Rightmove #HappiestPlaces to live survey 2017…. and its easy to see why on a morning walk through Jephson Gardens….

With lovely restaurants, independant shops, bars, cafes, and gardens to enjoy…. why not stop for a coffee and admire the view!  The Letting People are proud to have been supporting this 'jewel in the midlands crown' for over 15 years!

More information here: http://www.rightmove.co.uk/news/happy-at-home?sf120683722=1