If you are a landlord, whether it be by accident or design, there are a few key things you’ll need to think about before you let out your property. The first thing will be insurance. You’ll need to get buildings insurance and landlord’s insurance and depending on whether you will be letting the property furnished or unfurnished you may need to consider contents insurance.
The nest important thing to organise is to find a good lettings agents. You can let the property yourself but it is often much easier and cost effective to hire a lettings agent who is experienced in this line of work. There are lots of legal considerations when it comes to renting out your property and a licensed estate agent will be aware of all of these and will be able to advise you accordingly.
With regards to finding an agent, often a personal referral is the way to go as there will be built in trust from the start. Otherwise you can search the internet for prospective lettings agents and check out all of their reviews. You may want to contact them and see if they are familiar with the area and type of property that you’re looking at. Get them to show you examples of people they’ve worked with before.
Letting a property out for the first time can be a bit overwhelming which is why we recommend finding a reliable estate agent to help you if you’re new to the property game. The best letting agent in Reading is Northwood who have an excellent reputation particularly with helping first time landlords. They are very helpful and resourceful and look after their clients. We would recommend Northwood as a first point of call to anyone who is considering being a landlord now or at any time in the future.