Posts Tagged ‘property letting’

Property Management – How To Deal With Late Payments

February 28th, 2010

There is nothing more annoying for a landlord than when their tenant that usually pays their rent on time starts going down the slippery slope of not paying on time or even worse not at all. However this is your fault too.

Why My Fault?

Anytime you take on a new tenant at one of your property’s it is your responsibility to set the rules and make sure they agree by them.

With all new tenants there is normally a learning curve, it’s your job to ensure that the time spent on this curve is as small as possible.

Just like all tenants are not the same, not all landlords are the same either, as a rule of thumb just assume that their previous landlord didnt mind late payments. This way you wont be shocked when it happens. Always ensure they know from the start thought that ths is not the way that you opperate.

The first way to make sure that you start of well is to have it clearly in the agreement how late fees will be dealt with. Normally this is a percentage of the rent plus additional cost per day that the payment is not received. Obviously you should include a maximum which he late fee will not go over.

Next is to contact the person and simply state that if payment is not sent within a specific time frame then you will be providing them with a letter which states either pay the rent or you will be evicted.

I’m not a lawyer and I don’t claim to be one so please seek advice on the laws in your area before taking my advice.

Next step to take should you still not receive the money is to deliver the letter demanding that they leave unless they pay immediately. Make them understand that this will affect them from now on when trying to rent.

The final stage if payment has not been received is to issue a letter for immediate eviction. Unless you have legal experience, this is always a job left up to the professionals. If not done correctly this can cause all sorts of trouble.

The only company I could really recommend and whom I still use myself are Learmonts. They have offices in both Glasgow and Paisley so are well suited to someone looking for Letting Agents Glasgow or Flats To let Glasgow. Follow any of those links for more!

Letting Agents Glasgow – Make The Right Choice

February 26th, 2010

With so many letting agents in Glasgow, how do you make sure you choose the one which is right for your needs? It’s a very important decision so you need to give it some thought.

Many people prefer to think of their chosen letting agency as an investor or a member of staff. Rememeber you are giving them control of a very valuable piece of property. I always advise people to take into account certain factors before making any decision.

Stand By Reputation:

Make a list of firms which you think are in with a chance of getting your business. The most reliable way to start doing this is just by what you have heard of the various companies around. Normally you won’t be long and finding out bad experiences, everyone has had a bad experience at some point with a letting agent.

Remember, any letting agent in Glasgow who doesn’t at the very least have some testimonials of satisfied customers on their website should be avoided at all costs.

Inside Information Is Always Useful:

Having someone manage your property who has inside information about the area your property is in can be at the difference between filling your property 6 months of the year or 12 months. It really is important.

If you are looking to have someone manage your properties in the Glasgow area then having a letting agency with an office in Glasgow is a must. While it’s possible to get results without having an office in the local area, past results show that you just don’t get anything close to the same results in terms of rental price or the total time unoccupied.

Treating You As An Individual:

Not all letting agents offer a personalised service but I always use this as a quick sniff test to sort the real deal from the rubbish out there.

You want to ask the question, “will I get a personal letting expert”, as I said not everyone does this but the good ones do. You shouldn’t see an increase in price either as with the best ones this comes as standard.

Whether personally looking for Flats To let Glasgow or more often than not a Letting Agents Glasgow I alway use and recommend the same company, Learmonts; for more information follow one of the links, you won’t get a better service anywhere else.