Here at Clyde Property, we have in-depth knowledge of what both landlords and renters need. To that end we have a scheme in place for landlords whereby we protect your rental income with rent guarantee insurance that will pay out if tenants can’t. Called Rent on Time, it covers you so that your market rent will be paid to you each month by Clyde Property Letting, regardless of whether the tenant pays up to £2,500 per month up to 6 months or until vacant possession is obtained (whichever is soonest). We also cover you for legal costs to obtain repossession including court costs. We also cover breach of the tenancy agreement including non-payment of rent.
This guaranteed rent, paid by Clyde Property means your finances can be more easily managed, alleviating the stress and worry about rent arrears or eviction costs.
There are also other steps you can take to protect your investment – here’s some practical advice:
Carry out checks
Before you decide on a tenant, make sure your letting agent carries out the appropriate checks to ensure they can pay the rent and have a good history of renting prior to this tenancy. Vet the employer, their financial history and gain verified references. This is all something we can do for you as part of our landlord services.
Keeping tenants happy
We’ve seen many tenants come to us for a new home because their landlord hasn’t taken steps to keep them safe, secure and happy. Holding onto good tenants is key and will help you to minimise your void periods and associated costs. Make sure your property has security measures such as strong locks on windows and doors and that any internal issues such as damp or drafts are rectified. With rising bills and a high cost of living, it’s important to ensure your property is energy efficient including appliances, double glazing and up to date insulation.
Facilitate home working
Since the pandemic many people have moved to a hybrid model of working and some people are working from home full time. With that in mind, it’s essential to many renters that the property has fibre broadband. In addition, pets are an essential part of people’s lives since the pandemic as they had the time and resources to be with them during lockdown – so it is a good idea to allow pets.
Clyde Property is a leading independent, multiple award-winning estates and letting agent with more than 30 years of experience in selling and letting property in Scotland. Call your local Clyde Property branch today, for friendly, impartial advice on finding your next dream home.
