Managed Lettings: Leeds' Best Value Service At Just 8%
Lemon Lettings’ fully managed lettings are for Leeds landlords who have limited time to manage their properties, are new to the letting process, or do not live near their properties.
If you’re considering, or are already involved with lettings in Leeds, you’ll likely be interested in a managed lettings service with local area specialists who look after every aspect of the property letting process for you.
With our managed lettings we undertake all contact with the tenant, collect the deposit and rent, perform inspections and arrange maintenance and repairs.
Because we will only get in touch with you with relevant information or when we need your instructions, you will be free to focus on the other areas of your work and home life.
If you need to get in touch with us, we’re available to you day or night.
Above all, with only a 8% fee, we represent the best value managed lettings in Leeds.
What's Included In Our Managed Lettings In Leeds?
Our service includes the following:
1. Negotiating tenancy terms
2. Preparation of contracts
3. Signing of contracts with tenant
4. Collecting the deposit
5. Managing the deposit
6. Set-up standing order
7. Check-in the tenant
8. Inventory reporting
9. Rent collected and paid into your account
10. Preparation and sending of rental statements
11. Arrange safety checks of gas and electrical installations
12. Notifying service providers of change of occupants
13. 6-month inspections
14. Organisation and management of repairs and maintenance
15. Negotiate rent increases and tenancy renewals with existing tenant
16. Manage tenant inquiries
17. Serving notices to quit
18. Check-out the tenant
19. 24/7 support
20. Direct contact with our directors
With Lemon Managed Lettings Leeds we also offer the following optional extras:
• Management of bills
• Guaranteed rent
• Ad hoc requests.
Get in touch to book your free valuation today.
Why Should I Become A landlord?
If you’re considering becoming a landlord, here’s some useful information on why you should become a landlord.
Rental market growth
According to a recent PWC report, the rental sector in the UK has grown rapidly in recent years. In fact, it more than doubled between 2003 and 2015. In 2015, the private rental market accounted for 20% of households, and PWC predicted it would be 25% by 2025. The rise in property rentals is prevalent in the 20-39 age group where it jumped from 20% in 2000 to 50% in 2015. It’s due to steeply rising house prices in the early 2000s, low availability of social housing, and changes in mortgage lending. Since the financial crisis in 2008 there has been a tightening up of credit conditions for mortgage lending. First time buyers have also been affected by mortgage lenders withdrawing higher loan-to-value mortgages which means required deposits have increased.
As a result, private renting is becoming the new norm for households, particularly in those younger generations.
Rental price growth
Private rental prices In England grew by 1.5% in the 12 months to November 2018 (excluding London).
Demand outstrips supply
Since the popularity of sites such as Airbnb has grown, there has been less supply of housing available to long-term tenants so you’re very unlikely to have an empty property. That’s another reason for getting in on the private rented sector act – a practically guaranteed passive revenue stream. However, you might not want the work involved with being a landlord, which is where using managed lettings in Leeds can help.
Protect your assets
Furthermore, private renting is also seen as a way of protecting your assets. With savings rates having been at all time lows for the last few years, investing in the private rental sector is also a means of achieving significant growth of your capital through house price increases.
With ‘Generation Rent’ on the rise, and a year-on-year increasing returns, many people are seizing the opportunity to become a landlord.
How To Become A Landlord
So if you’re interested in becoming a landlord in Leeds, a managed lettings service is recommended at first to take the stress and strain off your shoulders. Lemon Lettings will advise you on the process from start to finish. We take care of the legal side of things, giving you peace of mind. And we carry out all communications and dealings with your tenants, leaving you free to just enjoy your rental income. And with only a 8% fee, you’ll have more rental income with Lemon Lettings than we other managed lettings in Leeds.
Need to know more? Get in touch for free advice on letting your property.