Top Tips for First-Time Landlords in Wembley

In this three-minute read, we share five top tips if you’re thinking about renting out your property for the first time.

Top Tips for First-Time Landlords in Wembley
Deciding to become a landlord is a big step.

It can be both exciting and daunting.

Here at Grey & Co, we’ve got some tips on what you need to think about when renting out a property so you can make your first venture a smooth one.

Do some market research
To work out how much rent you could be expecting, have a look at similar properties in Wembley. If you’re not sure how much you should be asking for, arrange a valuation with us. We can also help you make sure your property is aimed at the right tenants.

Make sure your property is ready for your tenants
It’s vital to ensure that your property is tenant-ready. A well-maintained home is more attractive to any new occupants and a few improvements could make all the difference. Ensure that outstanding repairs are complete before any viewings take place.

Consider whether to offer your property on a furnished or unfurnished basis. The option you choose will depend on the type of tenant you want to attract. If you decide to furnish your property, choose neutral colours and simple styles to allow your tenants to put their own stamp on their new home.

Understand your responsibilities
Being a landlord can take up a lot of your time. It’s your responsibility to take care of any major issues which may arise and these can occur at any time of the day or night. Some, like a gas leak, may require your immediate attention. Your tenants will also look to you to carry out repairs, and maintenance unless you appoint a letting agent to manage your property. Speak to us to find out how we can help.

Make sure you comply with the law
When it comes to being a landlord, there’s a jungle of laws and regulations that you need to navigate through. All tenancies begin with a right to rent check and you must make sure that you’ve taken the correct steps to register and protect your tenant’s deposit.

Ensure that the property has working smoke alarms, carbon monoxide detectors and an up-to-date gas safety check – which should be carried out on an annual basis. Your property must also have an Energy Performance Certificate before you can offer it for rent. We ensure all the properties we rent out and manage are fully compliant with all the relevant legal requirements.

Use a letting agent

You may decide that you want to manage your property yourself.

However, the right letting agent can make your first experience as a landlord stress-free, act as a buffer between you and your tenants, and provide expertise and support if things don’t go according to plan.

Here at Grey & Co, we’re with you every step of the way. Get in touch with your questions and one of our experts will be happy to help.

COPYRIGHT Grey & Co 2021


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Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

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