Landlord Tips

Landlord Tips

You invested in a rental property to get a return, not a headache. You want income continuity, low tenant turnover and minimal administration overheads. Most of all, you want maximum net return. That’s why at Savills, we do everything in our power to relieve you of the tedious day-to-day tasks involved in managing your investment. Of course, you still hold the reins, and we keep you totally up to speed on all we do. We just take the headache out of being a landlord, ensuring that your investment’s capital growth is not just substantial, but also sustainable, well into the future.

  • Finding a tenant – Honesty, prompt payment, cleanliness, respect for property and neighbours... The right tenant can make all the difference. To find the right tenant for you, we ensure that your property is effectively marketed. We use our detailed screening process to thoroughly investigate applicants before sending their details for your consideration. And we never hand out keys for unsupervised inspections; a Savills Property Manager attends all inspections by prospective tenants. This not only safeguards your property, but also ensures that it’s promoted effectively during the inspection.
  • Tenancy agreements – When choosing the length and conditions of your tenancy agreement, the current state of the market is one of the most important factors to consider. In today’s market, high rental demand suggests that shorter tenancy agreements may better serve your interests. Your Savills Property Manager will always consult with you regarding your tenancy agreement, ensuring that you can take full advantage of their expertise.
  • Educating & monitoring tenants – Once you’ve selected your tenants, we spend considerable time educating them about their obligations in relation to rental payments and property maintenance. Then we monitor them closely throughout their tenancy, to make sure they meet those obligations. We conduct inspections every three months (guaranteed), and we monitor arrears on a daily basis, using advanced accounting systems, and taking action the moment a problem arises.
  • Property inspections – We guarantee to conduct a thorough inspection of your property every three months, and to provide you with a comprehensive report each time. Inspections and reports note how the tenant is maintaining your asset and whether there are any outstanding maintenance issues. If you wish, we can even recommend improvements.
  • Landlord’s Insurance – Even with the best of tenants, unforseen events can upset your applecart. Your tenants may encounter financial difficulty, someone may be injured while on your property, or your property may be damaged. Landlord’s Insurance covers you for loss of rental income, damage and – very importantly – public liability. We also recommend you take out building cover as part of this insurance, so you’re covered in the unfortunate event of fire and storm damage.
  • Payments, disbursements & statements – As per your agreement with us, your rent monies, less agreed disbursements, will be deposited directly into your bank account, once or twice per month. You’ll also receive a monthly statement detailing exactly what rent has been collected, and what expenses (if any) have been paid on your behalf.
  • Communication – We want you to make the most of our knowledge and experience. Your Savills Property Manager will stay in regular communication with you, with guaranteed consultation calls at least once every three months. What’s more, you’ll receive an informative newsletter with your monthly statement, full of helpful market information.

Got Questions ? Call your local Savills Property Manager now.