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Q. How much rent will my property achieve?
A. As you will no doubt appreciate, it is extremely difficult
to value your property without seeing it. Income levels
can be greatly affected by a number of factors (e.g. location,
type of property, furnishings and equipment) and you are
advised to arrange for one of our qualified staff to visit
the property in order to give you an accurate valuation.
pj Carroll residential Ltd. we have a strict policy to always
give our clients a realistic, achievable rental assessment
- we have met many landlords whose properties have been
substantially overvalued by agents whose sole initial aim
is to receive the instruction to let. It is then most disheartening
when the property remains empty and your letting income
is lost for a protracted period of time.
Q. How long will it take you to let my property?
A. This is the $64,000 question! We fully understand that
having taken the decision to let, you wish to be assured
that a suitable tenant will be found quickly and that the
property will remain occupied throughout its rental lifetime.
Our marketing and advertising of your property is formulated
to maximise the capture of potential tenants. From a purely
commercial point of view, we do not earn any fees on empty
properties, so it is very much in our own interest that
properties are let quickly in the first instance and kept
continuously occupied.
Q. How can i be assured of letting to a suitable
tenant?
A. The quality of tenant is of paramount importance. It
is our duty to obtain the maximum rent achievable, whilst
at the same time ensuring the highest quality of tenant.
For a successful and financially rewarding let, these two
factors go hand-in-hand and we will always endeavour to
match the right tenant to your property. All prospective
tenants are thoroughly vetted and we use the specialist
services of ‘Leaseguard’ for all tenant assessments.
Their expertise provides one of the most thoroughly researched
financial, social and employment information on prospective
tenants available in the lettings industry today. Any potential
tenants who are not acceptable to ‘Leaseguard’ will
not be offered a tenancy.
Q. When will my rent be paid?
A. Your rental payment be paid directly into your bank
on the last working day of each month. Alternatively, we
are able to send you a cheque each month if this is more
convenient. Statements are remitted either monthly or quarterly,
depending on your requirements.
Q. How can i be sure my property is being
kept in good condition?
A. At the commencement of a tenancy, we will prepare a
full inventory of all the contents within the property.
We will also draw up a Schedule of Condition, showing the
condition of all walls, ceilings, floor coverings, paintwork,
worktops etc. On moving into a property, tenants must check,
agree and sign for the contents of these documents. During
the tenancy, we inspect the property at three month intervals.
Q. What repairs/maintenance am i responsible
for?
A. As the Landlord, you are responsible for repairs, maintenance
and general upkeep of the property and all its contents
which have been provided by you. We have an excellent team
of tradespeople on hand to deal with every aspect of property
repairs and maintenance, or you can instruct us that you
wish to attend to these matters yourself. If any repair
arises due to tenant misuse, they will have to bear the
cost.
Q. What are my insurance obligations?
A. It is your responsibility to insure the building and
your contents and you are also required to have public
liability insurance. We are able to provide specialist
insurances to landlords - please see the ‘Insurance’ page
of this website.
Q. Will i have to pay tax on my rental income?
A. Rent derived from letting property is taxable, and your
personal tax position will determine whether you pay tax
or not. All profit you make from letting should be added
to your other taxable income for the year, but financial
records should be kept separately. There are certain deductible
expenses which can be offset against your letting income
and our ‘Landlord’s Guide’ gives full
details of these. Please contact us if you would like a
copy or call us if you have a specific query.
Q. Do i have to comply
with any safety regulations when letting?
A.Yes, there several areas of legislation which must complied
with by law, covering Fire and Furnishings, Gas Safety
and Electrical Equipment Safety. Full details of your statutory
obligations are contained within our ‘Landlord’s
Guide’ - please contact us for a free copy.
Q. What are your fees and charges?
A. Again, full details of our services, fees and charges
and contained within our ‘Landlord’s Guide’.
As we aim to offer a tailored service to our clients, our
fees may vary slightly dependant on factors such as how
many properties you have and the particular services you
require from us.
We trust you find this information useful, and we will,
of course be happy to address or clarify any issues arising.
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