What We Provide:
My World Estates have created a fully qualified professional letting team who work together day in day out to deliver great customer service to both landlords and tenants. Our team are committed to providing our customers with individual high quality advice and services.
We have a large tenant database waiting for all types of properties in the West Midlands area. Whether you just need assistance finding the right tenant for your property or are looking for a professional estate agent who can fully manage your properties, the well experienced team at My World Estates are always ready to help.
- A friendly but professional service.
- Free legal cover.
- Unlimited advertisements.
- Advertising your property to potential tenants.
- Gathering suitable and reliable tenants for the property.
- Excellent accompanied viewing services.
- Obtaining references and credit checks on potential tenants.
- Providing the correct up to date documents to move tenants in.
- Free rental / lettings valuation.
- Professional collection and forwarding of rental payments.
- Preparing inventory’s and inspection to keep the property in a suitable state and feeding back any comments to the Landlords.
- Re-letting the property as quickly as possible and minimizing any ‘down-time’.
All our landlords enjoy the following:
- Providing an open realistic assessment of rental valuation of your property.
- Professional “To Let Board” displayed outside your property to gather a tenant database.
- Marketing the property.
- Receiving enquiries and accompanying tenants to view the property.
- Production of the tenancy agreement.
- Organizing Gas Safety and EPC if required.
- Careful selection of tenants via full reference checks through Rent4Sure.
- Collecting the first month’s rent and deposit.
- Signing up the tenants, releasing keys and forwarding documents and payment to the Landlord.
- Preparation of a detailed written and photographic inventory of the property.
With full management you receive all the benefits of let only plus we provide:
- Collection of rent from each tenants monthly.
- Chase all late rent payments.
- Inspecting the property every 3 months and forwarding a detailed report to Landlords.
- Notify landlord of any maintenance works that need to be carried out and get jobs done from our tradesmen.
- Arrange to transfer the utility accounts to the tenant’s name when moving into the property.
- Deal with day to day running’s of the property.
Choosing Furnished Or Unfurnished?
Properties can be let either furnished or unfurnished. If you do let a property furnished all the essentials will be expected such as wardrobes, beds, sofas, dining table and chairs. Wear and tear on the property from the tenants for any items provided are unavoidable.
We will advise you on choosing on whether your property should be furnish or unfurnished. If you chose furnished we will advise you on the amount of furniture which is suitable depending on the property and market. Providing decent quality curtains, carpets and light fittings is the minimal you need to supply for an unfurnished property.
Presentation And Preparation Of The Property:
We advise and provide guidance to our landlords on the presentation of their property. The presentation of your properties plays an important role in how fast your property finds a tenant and also the amount of rent which you will receive. To help a rental property appeal to a wider market, we would suggest the following:
- Fresh decorations using light colors, such as white or off white are generally preferred by all tenants as it provides a fresh look on the property and is suitable for all types of tenants.
- A modernized and well equipped kitchen. If its a furnished property and if there is enough space in the kitchen area, there should be a washing machine and separate tumble dryer or washer/dryer, dishwasher, fridge/freezer and microwave. All equipment must be in good working order. All items including the boiler should be serviced before tenants are moved in. If you have instruction booklets, make them available, if not, it is best to leave clear written instructions on how to use the appliances in the property.
- Garden should be left neat with no littered items around. Also it should be well maintained and lawns should be cut before moving tenants in.Tenants are required to maintain the gardens to a good standard if they are provided with the necessary tools from the landlord.
- Personal possessions, pictures, books and other ornaments should be removed from the property before any viewings or before any tenants move into this property.
- Double glazing, an efficient Central heating system and hot water is very important for many tenants when looking for a property.
- Keeping the windows clean inside and out will impress tenants a lot more rather than dirty windows and grubby net curtains which excludes light and gives a depressing look and may not attract many tenants.
- Keep clean all kitchen appliances including hob, grill, oven, microwave, shelving, rubber seals, dishwasher, extractor hood, fridge and freezer to make tenants like the property more and will know the standards in which they will need to keep all the appliances in.
- Any thing damaged with the property you should try your best to find and fix the damage before putting up for rent, carrying out viewings or moving any tenants into the property.
The team at My World Estates will take time out to view the property and assess it and see how much the rental value could be for the property and what the suitable price is to let it out for. At this point we will answer any questions you may have and determine the most suitable service to meet your requirements. We will also advise you on your on health and safety procedures and also documents on which you will need such as EPC or gas certificates. Our advice at this point is completely free and before you can let your property, we make sure you have a firm understanding of all your legal obligations, responsibilities and rights before proceeding to let out your property.
Advertising Your Property:
Empty properties generate zero rent, so we act fast to generate interest and get tenants moving into your properties. As soon as we take management over this property, we arrange an appointment to visit your property in order to take some photographs. From then on your property will be marketed in the followings ways.
- Advertising & Marketing your property on our website
- Also on the UK’s leading property website such as Zoopla
- Emailing details to all suitable applicants.
- Contact suitable tenants which are looking for properties in that area via telephone.
- Advertise properties on our window display.
Inventory, Paperwork And Tenant Assessment Checks:
Before moving any tenants into a property, the team at My World Estates ensure to do full reference checks to see if tenants have CCJs, bankruptcy orders or a risk score of 0-99, predicting the applicant’s likelihood to pay the rent. Tenant assessment checks are very important to help you find the ideal tenant for your property.
Before any tenants moved in or before the tenancy starts, all necessary legal paperwork such as written and photographic inventory will be prepared to provide a detailed schedule of the contents and their condition and the condition of the premises. The purpose of the inventory is very important because it protects both Tenant and Landlord from disagreements about these matters at the end of the Tenancy. Also any outstanding balances are settled by the tenant before the tenancy commences.
You should provide us with always at least one set of keys for each property. Agents having a set of keys is very important when carrying out viewings as it makes it a lot easier for us to show tenants without causing any unnecessary hassle for the Landlord by dropping of the keys every time we need to show someone the property. Also if any minor works need to be done at the property, we will be able to send our maintenance team to fix the jobs instantly as we have a set of keys and will make the jobs a lot more easier to get done.
Energy Performance Certificate:
Energy Performance Certificate (EPCs) were introduced in England and Wales on 1 August 2007. Energy Performance Certificates are regulated by the Energy Performance of Buildings (Certificates and Inspections) Department and are required by law for every property and tenants should always be given a copy before moving into the property. An EPC gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years. It has information about a property’s energy use and typical energy costs. Its also very useful as it gives you recommendations on how to reduce energy and also save money.
Electrical Safety Requirements:
Insurers often insist on landlords having an electrical inspection and certificate as its important to know all electrical appliances are in working order and are safe before moving any tenants in. Landlords must make sure the electrical system (eg sockets and light fittings) are safe and all appliances they supply (eg cookers, kettles) are safe before moving any tenants in as it can be a risk.
All electrical inspections and certification should be done by a qualified electrician who is registered with the National Inspection Council for Electrical Installers and Contractors.
There are two main types of electrical inspection and certification:
- The Periodic Inspection Report
- Portable Appliance Testing (PAT)
Gas Safety Requirements:
Landlords have a legal responsibilities to their tenants to ensure a gas safety check is carried out within 12 months of the installation of a new appliance.
Landlords must provide an annual gas safety check to their tenants within 28 days of the check being completed or to new tenants before they move in. This is very important to get checked before tenants move in. Landlords must keep hold of the copies of the gas safety record for up to two years and also give a copy to the agents if they wish.
Smoke Alarms And Carbon Monoxide:
The 1991 Building Regulations require that all properties built since June 1992 must be fitted with mains operated interlinked smoke detectors/alarms on each floor. Such regulations regarding older properties do not exist but we strongly recommend that smoke alarms are fitted in all let properties and are regularly checked to ensure they are in full working order. This is a new law which is regulated which means all properties should be fitted with it.
Full Management (Includes rent collection, Administration) = 2 weeks rent + 8% OR 10%.
Letting Fees (Let Only) = 3 weeks rent (Min £350).
Gas Certificate = £50.
Electric Certificate = £90.
EPC Certificate = £60.
Service of Section/21 Notice = £35.
Accommodation Letter = £25.
Inventory Check = £75.
Credit/Reference Checks = £75 Per Applicant.
Rent Reminders = £15 Per Letter.
Call out charges ( Maintenance related – within working hours only) = £30 Within 5 Miles.
Call out charges ( Maintenance related – without working hours only) = £30 Within 5 Miles.
Room only (Landlord Fees) = 2 Weeks.
Room Only (Tenant Fees) = £100.
These are guideline prices. Prices may vary depending on the job requirements.