Nottingham is a fantastic city to be a landlord, because there is a significant level of demand for rental property in and around the city. There is also a diverse range of people and households looking to rent property. If you would prefer to let to a particular type or demographic of tenant, you should find it is possible to do so in the city.
However, while there are many reasons to act as a landlord in Nottingham, being a landlord is often a challenging task. Managing tenants, complying with regulations, caring for rental property, and undertaking administrative tasks requires a lot of work. Some people plan on acting as a landlord to bring in additional income, but you’ll soon find being a landlord is a full-time role which carries a great deal of responsibility.
A fully managed service provides comfort and confidence
At Holdencopley, we are pleased to offer a fully managed service. With our assistance, you can generate the income you desire from property investment, without the hard work and effort. Our experienced team, who knows the local market, will ensure you cater to tenants while managing the business side of your letting business.
It is vital landlords treat the role professionally, and if you are unable or unable to treat the role with the respect it requires, you need a fully managed service.
Some of the key factors in why you need a fully managed service include:
- You can feel more confident about letting to a higher standard of tenants – it is imperative landlords vet tenants, and a fully managed service provider will do this work on your behalf
- A fully managed service provides a point of contact for tenants, ensuring you don’t have to – many landlords would prefer not to deal directly with tenants, which makes a fully managed service ideal
- A fully managed service reduces tenant turnover – void periods should be avoided as best you can, and a fully managed service offers confidence to a tenant, increasing the chances of them staying in the rental property
- You can reduce the likelihood of legal problems arising – UK landlords must comply with more than 150 regulations, many of these updating on a regular basis. If you are worried about failing to comply with regulations, and facing the penalty for doing so, a fully managed service gives you one less thing to worry about
- You will receive your rent on time when a fully managed service provider collects for you – if your buy-to-let mortgage is dependent on receiving rent each month, you need to make sure it is collected in full, and on time. A managed service provider takes the stress and hassle out of collecting monthly rental payments for you
- A fully managed service reduces maintenance and repair costs – All landlords should allocate funds for repair and maintenance work. However, a fully managed service provider, who works closely with local professionals, will ensure landlords receive better value for money, and provides tenants with a better standard of service
If you are looking for more freedom, more spare time, less stress and a greater sense of confidence for you and your tenants, let your property with a fully managed service.
We offer property management, property to rent and property for sale in Arnold, Woodthorpe, West Bridgford, Hucknall, Carlton, Wilford, Mapperley and throughout the Nottingham area. If you would like to arrange an appointment to help you negotiate the local buy-to-let market, please contact Holdencopley today.