LETTINGS
All I hear is ‘in arrears’
No one likes to play the loan shark and we Brits in particular would rather avoid an uncomfortable conversation when it comes to anything money related, but the number one bane for landlords is late payments, or worse no payments. It’s also more common than you might think, with an average of one in seven tenants missing two or more monthly payments.
According to the Association of Residential Letting Agents, an average of 11.6% of private landlords experience rental arrears. Compare that to just 2% where payments are managed by Bairstow Eves’ credit control team.
(Ding) Checkout time
Losing a tenant can be a tricky time. For one, you may have spent a few years getting to know them and building an amicable relationship, but much like any other separation, checkout time can be a little messy. There are the negotiations; deciding if deposit deductions are warranted. Then there is the maintenance; making it tip top for the next lodgers. You want it to be swift and clean like pulling off a plaster – but often it can pull out a few hairs too. If (like most of us Brits) you get funny when it comes to money and confrontation, you might want to consider employing the help of someone who can take care of those uncomfortable bits.
WITH A FULL MANAGEMENT SERVICE, WE ARE ABLE TO USE OUR EXPERIENCE AND KNOWLEDGE TO KEEP THE CHECKOUT PROCESS AS STRAIGHTFORWARD AS POSSIBLE.”
James Catlin - Head of Property Management, Countrywide
Whether you are a first time landlord or an experienced investor with a large property portfolio, we can assist you with attracting the right tenants, ensuring legal compliance and helping you sleep easy knowing that your property is being looked after like it was one of our own.
BELondon | November 2016 09
bairstoweves.co.uk
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