The number of households renting has more than doubled over the last two decades. The UK property market needs rental homes more than ever, and landlords require financial peace of mind. Here are our tips on maximising property investments.
Get the rental rate right
Price and location are key factors.
Rents must be competitive for the area, although every property really is different, so gauging this can be tricky. At Gateway, our team of nationwide Property Managers are experts in market conditions and rent levels across the UK for a range of residences, from apartment blocks to individual homes. If you need any advice, just ask.
Look after your tenants
Good tenants are worth keeping, which means resolving any issues swiftly and professionally. A proactive approach to maintenance is essential.
That’s the reason we have our own Gateway Facilities Management team. Tenants can simply pick up the phone to us, knowing that we’ll take the appropriate action. Besides happy tenants, fixing a small problem quickly stops it becoming a more costly issue later. Best maintenance practices also help enormously in catching potential issues which can’t be seen.
Keep your investment in prime condition
To realise the best premiums, rental properties need to be in good condition. Kitchens and bathrooms are especially important. The décor and furnishings should be carried out to the right level, based on the property’s rental value; meet current health and safety legislation; and be hard-wearing. We’d also advise installing practical light fittings and appliances.
Besides timely maintenance, Gateway also offers a dedicated residential Property Upgrade Service. If your rental property is underperforming and needs refurbishment, we can assist with everything. That includes managing the project to arranging competitive renovation quotes through our network of tradespeople. We can even help furnish your property.
