We’ve put together a quick guide of the questions we often get asked
How much will it cost me to let my property?
When you rent a property out there are various costs you need to be aware of. They comprise of…
- The cost of the EPC if your property does not currently have one.
- The cost of the annual gas safety check.
- The estate agents commission fee. This will depend on which package option suits your needs best.
- The estate agents set up for new tenancies.
- Inventory fees depend on property size
- The cost of the EICR (Electrical Installation Condition Report) if needed
- AST renewal fee
Do you charge for inventories?
Yes, however, we outsource this service so it’s documented by a third party, this way it’s none biased to either landlord or tenant, just factual if needed.
Will I need a EPC? Who arranges this?
Yes. By law all properties now need an EPC. They do have a 10 year life span, so this is only needs doing the once unless you make changes to the property which may affect it. We can arrange this for you.
Do you charge additional administration fees or receive any commissions or repairs?
No. If you have opted for one of our management options, we believe that this is what you are already paying us to do!
Some agents do charge administration fees which depending on the repair can be quite costly. Please always check this before you instruct an estate agent.
Do you vet all your prospective tenants?
Yes. It is really important that we get the right quality of tenant for you. It is at the heart of everything we do. All tenants have to go undergo our vetting procedure which includes taking out references and carrying out a full credit check.
How long does it take to receive my rent once the tenant has paid it?
Our accounts department is open Monday – Friday. Providing the rent has been received prior to 1pm, it will be paid across to you within 48 hour. Please allow for longer over any public holiday seasons.
What does the new deposit scheme involve? Who does it protect?
All deposits being paid by a tenant for an Assured Shorthold Tenancy are registered with a recognised deposit protection scheme within 14 days. This guarantees that any deposit disputes will be dealt with efficiently. At Taylor Walsh we register this with the Tenancy Deposit Scheme (TDS), resulting in a faster and more efficient deposit release process at the end of the tenancy.
Can you organise the gas safety checks?
Yes. We work with local plumbers and we can easily arrange this for you. Gas safety checks need carrying out annually.
How much rent could I achieve?
Why not call us to arrange a free valuation. We will give your home a full honest assessment. We will show you what is currently happening in your local market and how you can get the best return on your investment.