Are you lucky enough to own a rental property in Purley? If so, you shouldn't have much trouble keeping it rented out.
Purley is an affluent suburb located just outside of London. It's filled with plenty of open space for kids to play, excellent schools, and transportation options that will help you get to London in no time.
But even still, you should strongly consider working with one of the local property management companies. They can provide you with all the benefits that'll come along with enlisting the services of a company that specializes in property management in Croydon, Purley, and the surrounding areas.
So, how can a residential property management company assist you? We will walk you through some of the many benefits of having great property managers on your side.
Take a look at the benefits of having a company provide you with property management in South London for your Purley rental property.
Your ultimate goal as a landlord will be to bring in as much rental income as possible. It'll be challenging to do this if you're renting out a rental property for less than it's worth.
Working with one of your local property management companies near Wallington will help eliminate this problem. A residential property management company can provide you with a free rental valuation from the start.
To be clear, a property management company will not tell you how much rent you should charge for a rental property in Purley or anywhere else. But they will provide you with a rental valuation that'll give you a general idea of how much your property should bring in.
It's a huge benefit to establish a relationship with a company that does property management in Croydon or property management in South London.
In order to generate enough rental income each year, you'll need to place the right tenants in your rental property. You want to make sure your tenants are people who will be able to afford to pay rent on time every month.
This is another area in which property management companies can help you. They can take care of tenant screening so that they can find the best possible tenants to place in a rental property for you.
The best property management companies will do extensive reference checks that will include speaking with:
Credit reference agencies
You'll feel so much better about the tenants living in your rental property after they undergo the tenant screening process.
At the same time, you won't have to be concerned about going through a long vacancy period with a rental property. A great property management company will avoid a lengthy vacancy period by marketing your rental property when necessary and attracting attention to it.
Digital Tenant Agreement
After tenant screening is completed, a property management company in the Wallington area can place tenants for you. They'll also create a digital tenant agreement so that tenants are clear on their rental terms.
Your property management company can handle drawing up a digital tenant agreement for your tenants. It'll be one less thing you'll need to worry about when you're welcoming new tenants into your rental property.
As part of a digital tenant agreement, you will want to ask new tenants to put down a tenancy deposit. This deposit will act as an insurance policy just in case tenants stop paying rent or do damage to your rental property prior to moving out.
Property management companies will work on securing these deposits from tenants and take the right steps to keep you in accordance with local laws. It'll help you take a hands-off approach to the tenancy deposit process.
The very best property management companies will be able to set you up with what is called guaranteed rent. Not all property management companies can do this, but a company like Aston Pearl Estate Agency can. We promise to provide you with guaranteed rent in Croydon and guaranteed rent in South London.
So, how does guaranteed rent work? Here is a basic breakdown of it:
You sign a contract with us allowing our company to rent out your rental property
We place tenants in your property and collect rent from them
We pay an agreed amount to you each month to guarantee you collect rent
You'll sleep a lot better at night knowing you have guaranteed rental income coming in each month. We would suggest heading over here to get more information on how our guaranteed rent works.
Ideally, you won't have to worry about making too many building repairs to a rental property over time. But in the event that building repairs pop up, you won't have to spend too much time thinking about how you're going to get them done.
Property management companies like Aston Pearl Estate Agency can step in and tackle these building repairs for you. It's all part of the experience you'll be treated to when you trust us to do property management in Croydon and other areas like Purley.
From a legal perspective, being a landlord can be difficult. The laws governing landlords and tenants are almost always changing. It can make it tough to keep up with them all.
Fortunately, the best property managers have legal teams that can keep you up to date on the latest laws related to your rental property. You'll appreciate the fact that you can get the legal assistance you need without having to contact a lawyer separately.
It's one more reason to love the idea of working with property management companies in Croydon, Purley, and Wallington.
We're One of the Best Property Management Companies Around
Now that you understand the benefits of working with Purley property management companies, why not hire one to help you? Aston Pearl Estate Agency would love to step in and lend a hand with your rental property.
We'll make sure you can bring in guaranteed rental income by offering guaranteed rent in Croydon and guaranteed rent in South London as a whole. We'll also help out with tenant screening, building repairs, and so much more.
Book a call with us today to get additional information on our Purley property management services.