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You can see the properties we're currently marketing for rent by clicking the button below:
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In the UK, private renting is becoming more and more popular, and is steadily becoming the new normal for a lot of people. This increase in demand has led a lot of people to becoming landlords themselves, and if you're interested in taking the plunge, we've wrote up this little guide to see if it's right for you, and to help you get started.
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If you're trying to decide whether to sell or let out a property, it can be a difficult choice to make. However, if you're in a position to let out a property, it can benefit you in a variety of ways; rents have risen by 14.5% since 2011, according to the office of national statistics. Not only does this provide you with an easy way to generate a bit of passive income, but it also serves as a clever way to protect your assets and can often work better than savings rates. Recently, savings rates have dropped to their lowest point in history, whilst house prices across the UK have risen by almost 6%.
Make no mistake - most landlords are in it for the long term, and it does require commitment, but with support from AP Morgan's team, especially with our fully managed service, it is easily managed in your spare time.
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Of course, the best way to find out if your property is suitable to be let out would be to call up and get a free, no obligation valuation from one of our lettings valuation managers. However, there are a couple things you can consider before giving us a call.
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In times gone by rentals were often seen as exclusively the domain of smaller townhouses, flats, or apartments. It may surprise you to find out that in modern Britain, one in five families live in rented accommodation, meaning there is a much higher demand for larger, suburban properties than there used to be.
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This is entirely up to you - on one hand, a furnished property may justify a higher monthly rental value and makes it even more attractive to people who don't have much furniture of their own (e.g. young people moving out of home, students, etc) however, it's worth noting it may put some people off the property if they do not like the furniture (after all, this is down to personal taste) or have too much furniture of their own. Also consider that any furniture or appliances you leave in the property could be your responsibility to fix, replace, or repair if they break or malfunction in the future.
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Many landlords simply put a blanket ban across all pets in a property, however often it can be a selling point for prospective tenants. We recommend looking at this on a case-by-case basis. Whilst a large dog may cause damage to the property or furniture, a small animal like a cat or a guinea pig would be less of an issue.
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We always heavily discourage allowing tenants to smoke in any properties. Not only is it a health hazard to themselves and anyone entering the property, but it is also a fire hazard, and will likely leave a lasting impact on your property and furniture in the future, costing you time and money to clean up.
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The responsibilities of a landlord essentially cover everything you need to do in order to protect your property, and make sure your tenants remain happy and secure. There are more than simply what we mention in this guide, but we will point you to the correct government resources on your lettings valuation appointment. We always recommend sorting out your insurance first to protect your property against any accidental damage - there's no need to provide contents insurance unless you are providing furniture, as the tenant will be able to arrange their own contents insurance to protect their possessions.
Landlords are also responsible for the majority of repairs on the property and ensuring that any furniture and/or appliances that you provide are kept in good condition, including replacing them if needed. With AP Morgan's Fully Managed Plus service, we're able to look after all of these repairs and maintenance on your behalf, so you don't have to worry.
The other main thing you will need to be sure on is that your property is up to code, and if it's not, what steps you need to take to make it so. This includes things like smoke alarms, carbon monoxide detectors, and meeting energy performance standards. This is an important part of the lettings process, and our lettings team is more than happy to spend the time with you on this to ensure everything is done correctly.
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Looking to see what happens next in your journey? Take a look at our lettings services page to find out everything we can do for you, what we do on your lettings valuation appointment, and what kind of service would be best for you. We're looking forward to speaking with you soon!
You can see the properties we're currently marketing for rent by clicking the button below:
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At AP Morgan Estate and Letting Agents in Bromsgrove, Halesowen, Northfield, Redditch, and Stourbridge and we strive to find an ideal property for our tenants. We love to see our tenants happy in their home. We pride ourselves in working extremely hard to ensure that your experience of privately renting a property through our agency is as smooth and stress-free as possible.
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You can benefit by registering your requirements criteria with us i.e. when do you need to move in by, your maximum budget, which areas you would like to live in, how many bedrooms you need and which type of property you want etc. Once you register with us, our ingenious system and friendly property consultants will keep you updated via email and phone, with all of our latest properties that may be suitable for you.
You can ask us to arrange viewings for you on as many properties as you need to see until you have found the ideal property for you to rent.
Reserve Property
Once you have found your ideal property, you need to put a small 'Reservation Fee' down so that the property can be taken off the market and made unavailable for any other potential tenants. The 'Property Reservation' is purely on first come first served basis. We will give you a receipt as proof of your reservation.
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Our application process is very simple. You will need to fill in either an Online or a Paper Application Form. Once you have submitted your completed application forms, our chosen specialist referencing and credit check agency 'Rentshield Direct' will contact your referees and perform other checks including credit score check, affordability check and employment check. Rentshield will then provide us a final report which will show us if you have passed all the necessary checks or not.
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Once a tenant has passed the referencing process as well as the credit check, a legally binding Tenancy Agreement is then drawn up accordingly and signed by both the landlord and the tenants. At AP Morgan Lettings, we strive to make sure that your experience of moving house is as smooth and stress-free as possible. After liaising with both the tenant and the landlord, we mutually agree on a suitable move-in date.
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Prior to 'Check-in' the tenants must pay their first month's rent in advance as well as the deposit which is generally equal to 6 weeks rent. We will help you with informing the utility companies and the Council Tax department about the changes in the details of property occupier(s). Upon check-in we will hand over a set of property keys to tenants, note down the current meter readings and provide a copy of the latest 'Inventory' which will contain full details of the condition of the property along with photographic evidence. Tenants will need to return a signed copy of 'Inventory' within 7 days, along with full evidence of any further issues with the property which are not already mentioned in the Inventory.
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We ensure that your deposit is handled completely according to the current legislation. We will safeguard tenant's deposit with DPS i.e. 'Deposit Protection Service'. Tenant will receive notification from the DPS that their deposit is safe.
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With AP Morgan, our tenants are able to quickly and easily report maintenance issues and repairs 24/7, using our Online Tenant Repair Reporting System.
This is a simple picture based reporting system available in 40 different languages. This facility is also available via smartphone and tablet Apps.
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We always endeavour to ensure that the property is kept in a good condition and that the tenants are properly managing the property. Therefore, in order to address any issues, we inspect the property in quarterly intervals throughout the tenancy period. We visit the tenants to ensure that any issues which require attention are dealt with and rectified.
Tenants can contact our offices at any time to discuss and/or report any issues that may arise. Any maintenance or repairs that are the Landlord's responsibility are arranged and carried out efficiently with the least possible disruption to the tenants.
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We will arrange with the tenants a suitable 'Check Out' time on the day that tenant decides to move out, which could be any working day prior to the end of the tenancy agreement or even the very last day of the tenancy. Upon 'check out' we will meet the tenants, check the property condition over, against the 'Inventory' and receive the keys back.
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We will discuss the deposit refund with all parties and then arrange payments accordingly. We are proud to operate a fair and impartial policy when addressing any dilapidations (damages). Our Lettings Department will act as an arbitrator between the landlord and the tenant to come to an agreeable decision, otherwise we will start the settlement process through the Deposit Protection Scheme.
So, if you are looking to rent a property in Bromsgrove, Halesowen, Northfield, Redditch, and Stourbridge, or any of the surrounding areas, then rent with confidence through AP Morgan, your award-winning local Estate Agent that really cares.
You can see the properties we're currently marketing for rent by clicking the button below:
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