As a commitment to our clients, we never want to be second best. And as part of this, we only offer clients a fully managed service. This centres our focus as well as ensures we can fully commit to our clients needs. To this end, we have reviewed current agents fees and have made sure we compete with them only on price, as we know our service will speak for itself.
When you're ready - so are we!
As seasoned landlords may know, even the best tenants can find themselves in periods of financial hardship, and in turn - we understand the gravity this can have on your own finances.
At Logie & Co, we don't think landlords should face this, we therefore make sure only tenants that meet the strict criteria for rental insurance cover are put in your properties. Whilst rental insurance carries a cost, the cost to risk ratio are well balanced and in a changing rental landscape and economy, its vital to make sure all risks are mitigated.
We of course insist on a third party inventory taking place at the commencement and end of the tenancy, this isn't laziness - it just puts you in better standing to receive the fair deductions owed to you from your outgoing tenants security deposit. It's important that this is carried out independently so adjudicators can confirm there is no bias involved via an agents personal opinion.
This being said, periodic inspections are a vital part of agency management, as regular visits help to keep the tenants cautious of damaging the property, as well as allow us as agents to capture any generic maintenance issues, and/or any signs the tenants obligations are not being fulfilled.
We approach these inspections in a different way to the convention - we feel if a photograph has more power than the written word, surely a video walkthrough of the property is better than a lengthy report. We are also more than happy to FaceTime or Video chat live from the property with you to help you remain connected with your property and investment.
We work only with recommended and trusted maintenance partners, and will endeavour to police any quotes / invoices to make sure these are not overpriced, and that the quality of all work needed is up to the best standard.
We would not recommend any contractors that we would not use in our own homes, and we are happy to use any of your own trades pending they are suitably qualified for the nature of the task!
Furthermore, there is no hidden fees, or added slices for us when we approach works, this is part of our transparency ethos.
As of course your investment is dependant on an income, we approach renewals (rent reviews) early on and follow up regularly. We endeavour to reach out to the tenants 3 months ahead of the fixed term expiring to negotiate the market rate following an anticipated price being locked in by you. This will likely coincide with the periodic inspection where we will also follow up in person and check the viability of the tenancy continuing. (as of course any damage to the property caused by the tenants may negate the wish to renew with them).
We do this 3 months prior, as a Section 21 carries a 2 month notice period for the tenant to vacate, and we would like this to be pre-empted and kept in line with the expiry of the fixed term contract.
As you may have experienced whilst being a landlord, most things in the UK when it comes to housing is wrapped in red tape. This means walking a very tight line when it comes to the way you can operate your investments effectively, in a world where tenants enjoy favourability by the courts - this can be increasingly difficult for self-managed landlords.
At Logie & Co, we have vast experience in serving legal notices to tenants, whether that be an eviction notice under a Section 8 (for contractual breaches) a Section 21 (no fault possession), or a rent increase via a Section 13.
We've seen it all before, and will be happy to guide you through it if we find it necessary during the management of your property.
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