Letting a Property
All of our staff are qualified and externally trained to obtain industry specific qualifications.
Should you require advice on purchasing an investment property or building a buy to let portfolio then we will happily talk this through with you and answer any queries you may have in regards to yields, rental prices, insurance or buy to let mortgages.
No matter how you became a Landlord or how many properties make up your portfolio, the benefits of having what is likely to be your most valuable asset managed by us will be your best decision yet, see our case studies here.
If your property is ready to be marketed then please visit our same day valuation page to arrange a visit from a property expert.
The process of letting a property
1. Property valuation
With quality advice from day one, we will carry out a free, no obligation valuation of your property. We will provide supporting evidence of similar homes let in your area. We will advise on how to maximise your rent so that you are able to make the most of your property, as we know your most valuable asset needs to work for you. We will discuss your requirements and find a package to suit your needs.
2. Choosing your agent
Why RedDoor Homes? Our team has many years of experience of letting properties in the local area, and because of this we’re able to understand moving, marketing, your personal plans and future timescales.
Our employees are committed to inspiring confidence and trust in you and your fellow Landlords. We boast the highest number of ARLA qualified professionals of any independent letting agency, allowing you peace of mind and a sense of security.
3. Marketing your property
When letting a property, first impressions are incredibly important. That’s why we use professional photo and video equipment. We will prepare a detailed floor plan all to make your property stand out from the rest.
4. Property viewings
RedDoor Homes will accompany all viewings. After each viewing we will give you honest and constructive feedback. This also helps us to adapt our strategy to give you the best chance of letting your property.
5. Offers
We are your agents, so we will look after and handle all of your offers. We will advise and then accept or decline your offers. Letting us do this for you also de-personalises the process and takes the emotion out of the transaction. Selecting your tenant is the commencement of a business relationship and getting it right is paramount!
6. Referencing
Once an offer has been agreed we will commence the referencing process to carry out all necessary checks on the tenants. We use a third party referencing agency to ensure that no stone is left unturned. Our referencing agency are also the providers of our Rent Guarantee and Legal Expenses policy and therefore have a keen interest to get detailed references.
Taking this information into account and considering other factors – such as whether the tenant is looking for a long-term home, or if they are moving into the catchment area of a certain school, both of which indicate they will stay for several years – will help you select the right tenant.
7. Pre Tenancy Property Preparation
Once the tenants have passed referencing (or before) you may have some outstanding maintenance issues to resolve. We strongly recommend that the property is professionally cleaned – to set a standard of how the property needs to be returned – and this will also help maintain its condition going forward.
When it comes to letting a property, you should view the whole process as a business transaction. As such, you will need to be fully aware of the legislation surrounding the industry and kept up to date with the frequent changes in it. You can face a hefty fine or even a custodial sentence if you do not comply with certain regulations, so make sure you are protected at all times. We will handle all of this for you as part of our managed service.
8. Move in day
As a Landlord, there are lots of documents you will need to compete correctly and have in place at all times to ensure you and your property are protected, so it’s important to understand what is required when letting a property. An inventory and schedule of condition are vital in ensuring you can make a successful claim against the tenancy deposit for any damage caused by your tenants.
The tenancy agreement must cover all of the responsibilities to the tenant and yourself, as well as protect you against relevant risk.
As your agent, we will coordinate everything your need and on the day of move in, we will arrange for the tenants to visit our office to sign all tenancy documents and make payment for their first months rent in advance and deposit, and talk through their tenancy obligations.
9. After Move in
Our property management team in branch are always available in person, online or over the phone to discuss any issues or concerns you may have.
This means your home is managed by a local person who is extremely knowledgable on the subject of the local rental market, knows the local contractors and is available to meet face to face with you or your tenant.
Whether you want to be updated regularly, or only wish to hear from us about significant issues, we will keep you informed. Whatever your priorities are, we will take the time to understand them and make them our priorities too, to make the process of letting a property smooth and simple for you.
Landlord Insurance
Buildings Insurance
Did you know that your standard home insurance policy doesn’t cover tenanted properties? Therefore, when letting a property, it is important to have a specialist Landlord insurance, to protect you against damage or loss.
A Landlord insurance policy will cover you for every eventuality, and unlike standard home insurance policies, provides you with cover for any period of time when the tenants are away. At RedDoor Homes, we’ve teamed up with Brownhill Insurance to create a comprehensive insurance policy that offers Landlords all the protection they need when letting a property. RedDoor Homes have used Brownhill Insurance for their own properties and personal homes and have found them to always be competitive, efficient and transparent.
Rent Protection and Legal Expenses Insurance
Choose the award-winning experts in property protection and help protect yourself from loss of income with comprehensive rental insurance.
Our Rent Protection Insurance doesn’t just protect you from loss of rental income until vacant possession is obtained - it reduces your admin as they manage the rent recovery and eviction process for you, with a speedy, online claims process and a unique, free mediation service. The policy also covers any legal expenses incurred with a zero excess period meaning you are paid from day one.
Don't just take our word for it!
Check out some examples of clients who've entrusted their portfolios to us and experienced significant increases. These improvements have stemmed from a variety of factors, including rental adjustments, finance optimisations, and better management and maintenance practices.