CONFIDENTIAL PROMOTION

A POTENTIAL rise in interest rates and recent curbs on both wear and tear allowance and tax relief on the interest on buy-to-let mortgages means that now, more than ever, landlords need to make the most of their property portfolio and that means getting the right rents.

In a rising market, it's important to make sure you aren't left behind

Intus Lettings are focused on ensuring all rents achieve their maximum potential and have taken over the management of a number of properties with their landlord introductory offer and switch-over service.

The rental market in Manchester is buoyant but, despite that, many rents are undervalued. Not all agents take a proactive approach to reviewing rents at the point of renewal or even at the re-marketing stage.

Properties that are let at below market value will, unsurprisingly, be snapped up by prospective tenants. Making sure properties are occupied quickly may seem like a positive, but it's a short-term gain that will reduce profits overall.

In a rising market, it's important to make sure you aren't left behind. An astute agent will spend time making sure that properties achieve their full rental potential with rents increased to the current market value – not last year's market value. In fact, Intus Lettings have increased rents by an average of 11% for the properties they have taken on.

A property that is let at full market value will still find an occupant in a timely fashion but the landlord will also benefit from increased rents.

Increasing the rents on properties then finding suitable tenants means more work for the agent but not the landlord. Intus Lettings believe that negotiating between landlords and tenants is all part of the service.

Most landlords are pretty business savvy so if an agent doesn't put in the effort, they will be left red-faced when the customer does their own research and realises the rates they are receiving are not up to scratch.

With Intus Lettings as your agent, you can feel confident you have made the right choice.

Find out more about Intus Lettings here