The market for renting out residential property has dramatically expanded in recent years with the increasing popularity of rental property as a long term investment. Most landlords will use an agent to manage the rental of their property and it is important to choose the right one. Things to consider when choosing an agent are;
It makes sense to use a letting agent that is located in the same area as the rental property. Xact have a dedicated office that manage rental properties across the whole of Solihull, South Birmingham and surrounding areas.
Xact are able to offer landlords two levels of service.
For new or less experienced landlords, full management is often the service level of choice for peace of mind.
Xact will handle all the paperwork involved in a letting your property. We will obtain references on new tenants, carry out credit-checks, confirm the tenantās employment details and check that the tenant has the right to reside in the UK before drawing up the tenancy agreement.
We can advise you on what level of rent you can expect for your property and will be able to show you details of similar properties that we have let for comparative purposes. Xact will market your property online, via our network of local offices and more.
Xact comply with the Deposit Protection Scheme (DPS) Code of Practice and will, on your behalf, ensure that your tenantās security deposit is paid before they move into the property and is held securely within an approved TDS third party.
There are numerous legal responsibilities for landlords when letting a property which Xact will ensure compliance with, specifically obtaining the necessary gas and electrical safety certificates and Energy Performance Certificate (EPC).
Xact will regularly inspect your property to ensure that the tenant is taking good care of it and there are no outstanding maintenance issues to be addressed. Xact use a number of approved trades people who can be called upon to undertake repairs and maintenance although landlords are free to appoint their own trades people if they prefer.