Renting A Property In Perth

Renting a property in Perth can be an exciting time for anyone, whether you are a landlord or a tenant, but did you know there is a quite lot to think about before allowing a tenant to rent a property in Perth.

The first thing to consider before even getting into the costings is the look of the property both inside and out. Make sure that the property is well maintained. This can help and attracting potential clients and also obtaining the level of rent you require. The outside of the property should be clean, and the garden and hedge maintained. Any cracks or holes in the driveway should be repaired and if your windows need a lick of paint, now is the time to get out the paint brush. (first impressions really do count when renting a property in perth). Inside the property you should declutter the house if needed, make any minor repairs such as leaky taps or faucets, dust and clean from top to bottom, and make sure there are no unpleasant odours such as animals or tobacco.

Now is also the time to get your gas appliances checked over and also an electrician to check the supply. These are all requirements which will need to be met before you are allowed to rent your property in Perth.

Now we have the property looking spick and span, we move on to the financial implications of renting a property in Perth. Obviously you are renting your property to make some money, so doing the costings before hand is of vital importance. The first thing to consider is the mortgage payment on the property, The council tax, utility bills and insurance payments. You will also need to have some contingency money set aside for repairs and wear and tear on the property. You will also have to contact your mortgage company as sometimes, having tenants means changing the mortgage agreement, it may also be advisable to take advice from a solicitor

So we now have the property ready to rent, we have contacted the people we need to contact, and sorted out the costings, the third part of becoming a landlord is advertising the property.

You can either use the internet or local newspapers, magazines to advertise your property (some do this for free) and deal with the applicants yourself, credit check’s, checking employer references etc, or if you prefer contact a letting agents to sort this out for you. The letting agent will be responsible for all viewings of the property, and will advertise the property to rent in perth to a range of sources. With their experience and local knowledge they can also advise on the type of rent that is achievable on a property too.

The final stage is to decide, whether you will deal with the tenant direct or hire a property management company to deal with the process on your behalf. There are many advantages to this including, vetting all tenants, organising tenancy agreements, collecting rent on your behalf, arranging necessary repairs, and visiting the property periodically.

Becoming a landlord and renting your property in Perth is still the most sounded investment. Following the steps above can help you concentrate on what is important and leave the tenancy agreements and financial implications to the experts.