Letting Without a Letting Agent | Landlords Letting Property Without an Agent

Private Landlords are more and more letting themselves, via the web, newspapers and other media.

In these difficult times, to rent through an agent at 10-15% of your monthly income can be the difference between making a profit or loss and as landlords (either proactively or reluctantly), it is essential in this financial year to break even or make a profit.

You may, as a Private Landlord be terrified at the prospect of letting without the professional help of a letting agent, but with careful consideration, a will and desire to succeed, the process is not too complicated.

Important Information for Buy to Let Investors Operating Without A Rental Agent

• Obtain a lease agreement.
• Obtain an EPC on the property.
• Ensure your have adequade landlords insurance.
• Obtain a gas certificate and electric certificate.
• Reference your tenant.
• Decide whether you wish for guaranteed rent.
• Take out Tenancy Deposit Protection.
• You must also source trades people you can trust, such as CORGI registered heating Engineers/plumbers, electricians and the like. Problems and routine maintenance are bound to occur, and these companies will relieve you of stress and headaches. These trades people should be qualified, certified, with insurances up to date, and references should be obtained.

Though the above can look a terrifying list, remember that after year one, it is just an exercise in duplicating what you did in the first year. With your extra knowledge and a resource such Informed Landlords (with the forum of other landlords), you will be able to let confidently and with knowledge.