With demand for affordable, premium housing at its highest level in several years, London landlords rarely struggle to find tenants for their properties. Their real dilemma is sourcing a quality tenant and retaining them as long as possible to evade any possible ‘void’ periods.
The Carl Specter’s team have been sourcing and retaining excellent tenants for our landlords across South West London for almost a decade. Our specialist lettings experts take great care to thoroughly reference check our tenants with the help of Home and Legal for Landlords who carry out all referencing on our behalf.
Our trusted team of experts are accredited by PRS (Property Redress Scheme) and are trained to take tenant referencing very seriously. This means our landlords can enjoy peace of mind safe in the knowledge that their property is in the best possible hands.
Please see below for a fully comprehensive list of our landlord services:
Letting only service (sole) 5%inc VAT
Rent collection service (sole) 2.4% (7.4% total inc VAT)
Management service (sole) 4.8% inc VAT
Letting only service (Multi) 9.6% inc VAT
Rent collection (Multi) 2.4% inc VAT plus Letting fee of 9.6% inc VAT
Management (Multi) 6% (15.6%inc VAT total)
Short let (6 months or less) 20-25% inc VAT
Other fees that may apply
Gas Safety £102 inc VAT
Electrical inspection £144 inc VAT (may vary due to appliances)
EPC £78 inc VAT
Deposit protection £60 inc VAT
Section 21 £60 inc VAT
HMRC report £66 inc VAT
Smoke Alarms installed £108 inc VAT
C02 Alarms installed £126 inc VAT
Aborted tenancy £500 inc VAT
Credit card fees 5% of total amount
Debit card fees 0%
Inventory and Check in
Studio/1 Bedroom £168 inc VAT
2 Bedrooms £204 inc VAT
3 Bedrooms £228 inc VAT
4 Bedrooms £300 inc VAT
5 Bedrooms £360 inc VAT
Inspection reports £35 inc VAT
Apply at the same rate as originally charged on the initial let.
Carl Specter may receive an administration fee from any approved contractor further details available should you require, the amount can rise to up to 20% of the total invoice amount. This does not affect the amount you pay.
We understand that being a landlord comes with responsibilities and there is a lot to consider before renting out your property. Here we summarise some of our advice to landlords to help make the process easier and hassle-free:
1) Preparation is key
We recommend marketing your property around 6-8 weeks in advance of when you would like your tenant to move in. This gives us plenty of time to ensure your property is promoted to as wide an audience as possible through our portals and strategic marketing techniques.
You should also work with your dedicated lettings manager to plan a budget and decide how much to ask for the monthly rent. Take care to factor in the cost of your gas safety and Energy Performance certificates as well as inventories, CO2 and smoke alarms as well as check ins and agency commission.
If you have current tenants, don’t forget to let them know they will be receiving calls from us requesting permission for viewings.
2) Give a good first impression
It is important to make sure your property looks (and smells!) its best before conducting any viewings. Simple steps like de-cluttering and tidying can go a long way to improve the look and feel of a place. Invest in some fresh flowers or a scented candle to make your property seem more inviting to potential tenants and confine pets to outdoor areas while viewings are taking place.
3) Play by the rules Renting out your property involves certain rules and regulations that have to be observed. If you are a new landlord, our expert team of lettings administrators will be very happy to advise you on fire and furnishing regulations, gas safety regulations and electrical safety certificates. They can also provide you with all the information and organise all the necessary checks with our fully-vetted contractors to ensure you are fully compliant with the Law.
For more tips and advice please call us on 0208 004 8279