Rental property management is a fundamental part of investing in buy-to-let property. Whether you’re investing for the first time, or you have a wealth of experience, it’s essential to have a plan in place for managing your rental properties.
Our preferred rental management partners manage all ES1 developments and they’re frequently on-site to ensure everything is running smoothly. For an agreed percentage of the rental income, they can take care of sourcing tenants, collecting rent and routine maintenance. This managed option means you don’t normally need to become involved in day-to-day operations or upkeep, resulting in a stress-free ‘armchair investment’.
Rental property management is the process of managing and maintaining rental properties on behalf of the property owner. This can include a multitude of responsibilities such as finding tenants, property maintenance, collecting rent, and ensuring that your property is legally compliant with local laws.
One of the most important aspects of rental management is finding and screening tenants. This includes marketing your property, managing the viewings of the property and conducting credit checks to ensure that you are renting to reliable individuals.
Another essential part of rental management for your investment is managing rental payments from your tenants. This includes setting a fair rental price, writing up a contractual rental agreement, and managing the collection of rent on a regular basis.
Property maintenance is vital as it involves keeping the property in good condition, making repairs when required, and regular maintenance to make sure that the property remains safe for tenants.
Another key aspect of rental management is staying compliant with local and national laws and regulations. This includes understanding and following fair housing laws, adhering to health and safety regulations, and complying with any other legal requirements.
ES1 and our rental managment partner, worktogether to ensure that all of these components are covered within our full circle service, so you have peace of mind that your tenants and property are being looked after by a professional team.
For more details about rental property management, or if you have any questions about developing a property investment strategy, please get in touch with us today.
