Posted on July 10, 2022 July 7, 2022

Coventry: Top 10 places to invest in

Are you looking to invest in a house in Coventry? If so, you’re in luck. This historic city has plenty to offer investors, from its many historical attractions to its burgeoning house prices. In this article, we’ll take a look at the top 10 places to invest in.

top 10 places to invest in Coventry — *Cityscape, Coventry, United Kingdom*

1. Earlsdon

Earlsdon is one of Coventry’s most desirable suburbs, thanks to its excellent schools, independent shops and restaurants, and picturesque streets to make it one of the Coventry attractions. The house in Coventry at Earlsdon prices have been rising steadily over the past few years, making it a great place to infuse property.

2. Binley Woods

Binley Woods is another popular Coventry suburb, known for its large homes and leafy streets that can be one of Coventry’s attractions. It’s a great place to raise a family, and the house in Coventry prices have been rising steadily in recent years.

3. Cheylesmore

Cheylesmore is a historic Coventry place or area with many characters. It’s popular with students and young professionals, and the house in Coventry prices have been rising steadily in recent years.

4. Foleshill

Foleshill is an up-and-coming Coventry place with many potentials for investors. It’s well connected to the city centre, and the house in Coventry prices are expected to rise in the coming years.

5. Holbrooks

Holbrooks is a popular residential Coventry place, known for its good schools and friendly community spirit. The prices of a house in Coventry have been rising steadily in recent years, making it a great place to speculate on property.

6. Coundon

Coundon is another popular residential Coventry place, known for its large homes and green spaces that can be also called Coventry attractions. The prices of a house in Coventry have been rising steadily in recent years, making it a great place to infuse property.

7. Radford

Radford is an up-and-coming Coventry place with so much potential for investors. It’s well connected to the city centre, and a house in Coventry prices are expected to rise in the coming years.

8. Canley

Canley is a popular Coventry place or residential area, known for its good schools and proximity to Warwick University, making it a good area to attract student tenants. The prices of a house in Coventry have been rising steadily in recent years, making it a great Coventry place to invest in property.

9. Tile Hill

Tile Hill is an up-and-coming area of Coventry with plenty of potential for investors. It’s well connected to the city centre, and a house in Coventry prices are expected to rise in the coming years.

10. Walsgrave

Walsgrave is a Coventry place which has great connections to major road networks and is a perfect location for the University Hospital. House prices are expected to rise in the coming years.

If you’re looking for a property or a house in Coventry, these are the top 10 places to do it. From historic areas like Cheylesmore to up-and-coming areas like Radford, there are plenty of great opportunities for investors in this vibrant city.

There are many things to see and do around Coventry. Whether you enjoy hiking or cycling, Coventry has plenty of hidden beauties just waiting to be discovered. There are also many Coventry attractions for those who love to capture some memories. Check out the best locations to visit in the area and start planning your next journey.

Start house hunting the best Coventry place in Coventry today and you could be moving into your dream home sooner than you think. With house prices on the rise, now is the perfect time to infuse in a property in this historic city.

coventry top 10 places to invest in — *Coventry, United Kingdom*

Why Invest in Coventry?

Coventry is the West Midlands’ second-largest city (after Birmingham). With a population of roughly 345,000, it is also England’s eleventh largest city.
Coventry’s one of the most well-connected cities in the UK, with its location on or near the UK highway network and access to rail and aviation services. As a result, it is especially appealing to firms wishing to relocate.
Coventry is rapidly expanding. According to ONS forecasts, Coventry’s population would grow by nearly a fifth to 417,000 by 2037, resulting in increased demand for housing.
Coventry is a key component of the Midlands Engine initiative, which intends to develop the Midlands economy over the next decade.
Coventry is the historic home of the British automotive manufacturing industry, making it Coventry attractions for some, with Jaguar Land Rover’s headquarters providing a significant number of jobs. JLR intends to spend heavily in their Whitley headquarters in order to expand its engineering and development base and establish a centre of excellence for the production of electric vehicles.
The area also boasts a nascent digital sector, which is well-known for providing well-paid positions. Because it is home to over 30 cutting-edge digital and gaming enterprises, the neighbouring town of Leamington Spa has been dubbed “Silicon Spa.”
The HS2 elevated rail line will run along the fringes of the city. Although there will be no HS2 station nearby, development activity is expected to attract greater investment and, as a result, high demand for housing.
The city centre of Coventry is undergoing redevelopment, with more planned. Friargate is a £100 million, 37-acre rehabilitation project designed to revitalize the city’s business district. According to the developers, 15,000 new employment will be created. The proposal, according to Lambert Smith Hampton, has the potential to revive Coventry as the desired office destination.
A housing shortage exists, which will promote price growth in the future. According to press sources, despite Coventry’s population increasing by 39,000 between 2000 and 2014, just 9,340 new residences were developed.
Property prices in Coventry are significantly cheaper than the national average, as well as the West Midlands average. Coventry’s average house price is around £167,000…. providing an excellent opportunity for investors to obtain yields.

We all love the places where we live or have those locations we dream of moving to. And right here in Coventry, we are blessed with some lovely places to live and there are some Coventry attractions too for those who love to visit historical places.

The price of a house in Coventry is a great opportunity for those looking to infuse in a property. With so many things to see and do, now is the perfect time to start visiting some Coventry attractions and do house hunting in this historic city!

If you’re thinking about investing in property, don’t forget to check out our list of the top 10 places to invest in Coventry!

Posted on July 9, 2022 July 7, 2022

Letting Hotspots In Coventry in 2022

Coventry is a beautiful city located in the West Midlands county of England. The city has a population of over 300,000 people and it’s situated around 100 miles northwest of London. Coventry is a famous location and is a lovely area to relocate to. It has grown as one of the UK’s buy-to-let hotspots due to the growing market for student accommodation. The city offers good value for money property wise and Coventry boasts a large selection of schools rated ‘Outstanding’ by Ofsted.

Coventry area also has excellent transport links being just over an hour from Birmingham by train and with Coventry Airport offering regular flights to various European destinations.

With all these factors considered, it’s no wonder that the Coventry area was recently named as one of the top 10 cities in the UK to live and work in.

If you’re thinking of letting a Coventry property or Coventry houses in some Coventry area, here are some of the best areas to consider:

Earlsdon

Earlsdon is a popular suburb located in south Coventry burg centre. The area is well-connected by public transport with buses running regularly into the centre of the city and Coventry station merely a 10-minute walk away. Earlsdon is also home to Coventry University which makes it a desirable location for students who are letting Coventry houses or Coventry property.

Tile Hill

Tile Hill is a suburb of Coventry located southwest of either the city centre. Tile Hill train station provides regular services into Coventry and Birmingham, and the region is well connected by public transportation. Tile Hill is also home to Coventry University, making it a popular student destination.

Foleshill

Foleshill is located to the north of Coventry city and it is well connected by public transport with regular bus services into the burg to the Coventry train station simply a 10-minute walk away. Foleshill is a popular choice for renters due to its affordable costs and a variety of options and property types available.

Wyken

Wyken is located in the southeast Coventry central city and it is well connected by public transport with regular bus services into the city with Coventry train station simply a 15-minute walk away. Wyken is a popular choice for renters due to its affordable costs and selection of different kinds of property available.

Radford

Radford is located northwest of Coventry city and its well public bus services into the centre of the city are available via public transportation to the station of Coventry merely a 10-minute walk away. Radford is a popular choice for renters due to its reasonable costs and a variety of options and kinds of property available.

Chapelfields

Chapelfields is located in northeast Coventry city centre and it is well connected by public transport offering frequent bus service at the central city with the Coventry station in just a 10-minute walk away. Chapelfields is a popular choice for renters due to its reasonable costs and a variety of options and types of property available.

With its reasonable costs and selection of different Coventry property types available, there is some ideal Coventry area for those looking to let a Coventry property. If you’re thinking of letting a Coventry Property or Coventry houses, these are just some of the Coventry areas that are popular for those planning to let a Coventry property.

It’s supposed to be a dreadful thing to be sent to Coventry. In actuality, any savvy property investor should be delighted to be dispatched to Coventry. That’s because Coventry is a rapidly growing city with ambitious reconstruction and growth aspirations. Despite this, the prices of Coventry houses or Coventry property remain significantly below the national average in every Coventry area.

Property Values in Coventry

The Coventry property prices are significantly lower than the national average. The price of Coventry houses is present £190,222, compared to £251,222 nationally, according to HM Land Registry data. For property investors, it’s also worth noting that Coventry appears to have affordable housing compared to Warwickshire, where the average property is £254,877.

Rental Demand in Coventry

Coventry, in fact, is one of the most affordable cities to rent 3-bedroom Coventry houses. Some Coventry areas, Coventry’s central location and good transport links make it an ideal place to live for commuters.

Coventry has been ranked as the 5th best city in the UK for quality of life and is one of the top 10 cities for job seekers. Coventry is also a great place to raise a family with excellent schools including Coventry University which is ranked in the top 30 iconic buildings in the city.

If you’re looking for an affordable place to live with good transport links and a variety of schools, Coventry’s the ideal location for you. With its central location and selection of different types of property available, there is an ideal Coventry area for those looking to let a Coventry property or some Coventry houses.

How safe is Coventry?

Between April 2016 and March 2017, there had been 27,687 crimes committed in Coventry in some Coventry areas. Antisocial behaviour was the most common of these offences, with 6,534 cases documented, or nearly 24%. The second most prevalent crime was a violent crime, which was reported 5,467 times, or nearly 20% of all instances.

With 3,044 cases documented, criminal damage and arson is Coventry’s third most common crime (11 percent). Vehicle crime is the fourth most common crime, with 2,933 instances reported in this time period (10.5 percent ). Burglary is the most common crime, accounting for 2,722 events (10%), followed by other theft (1,971 incidents (7%) and shoplifting (1,880 incidents) (6.5 percent ).

Check out these letting hotspots in Coventry!

Coventry is a rapidly growing city with ambitious reconstruction and growth aspirations. Despite this, the prices of Coventry houses or Coventry property remain significantly below the national average in every Coventry area.

For buy-to-let investors, this presents an opportunity to enter the market early and take advantage of capital appreciation as the city grows. Rental demand is also strong, with average monthly rents for Coventry property outperforming the national average.

Coventry area is an affordable place to live with good transport links and a variety of schools, making it an ideal location for families. It is also ranked as one of the safest cities in the UK, which is another key consideration for those looking to let a Coventry property!

Posted on July 8, 2022 July 7, 2022

How To Let Property Quickly

There are numerous reasons for quickly letting your property or house in Coventry. Maybe you’ve had a change in circumstances and needed to move for work or family reasons. Or maybe you’re simply not getting the rental income you need to make ends meet.

However, you don’t want to compromise your criteria merely to get someone in quickly, because admitting the incorrect tenant could result in nonpayment of rent or an expensive eviction. The goal is to find strategies to avoid vacancies while still attracting high-quality renters and doing extensive tenant screenings before signing a lease and turning over keys.

Whether you’re a first-time house letting landlord planning on letting your property in Coventry, or you have renters leaving shortly, getting your property filled with suitable tenants as fast as possible is critical to avoid a void period that cuts into your income.

There is no rental coming in when your property is vacant. However, as a landlord in Coventry, you will almost certainly face the following continuing expenses:

Payments on a mortgage

* Bills for gas, electricity, and water

* Local government tax bills

* The expense of a letting agent to find a new tenant

Whatever the reason, there are some things you can do to make sure your property is let quickly and efficiently.

Here are our top tips:

1. Make that your property is in perfect condition.

This may seem self-evident, but keep in mind that possible tenants will be seeking a property that is in good condition. This means that any repairs or maintenance issues must be addressed before you begin marketing your home. This will not only make your house more appealing to potential tenants, but it will also help you avoid future difficulties.

2. Market your property effectively

It’s critical to market your rental property in the right areas when you let a house or a flat. Make sure you’re taking advantage of the various websites and portals that feature properties for rent. You should also think about marketing your home on social media, since this may be a terrific method to reach a larger audience.

3. Be flexible with your rental price

If you’re doing house letting or letting your property in Coventry quickly, then you might need to be flexible on your rental price. Tenants will be looking for good value for money, so if you’re asking for more than the average rent in your area, you might find it difficult to find a tenant. However, it’s important to strike a balance between being competitive and getting the rental income you need.

4. Be prepared to negotiate

When you’re doing house letting or letting your property in Coventry, you should be prepared to negotiate with potential tenants. This is particularly true if you’re looking for how to let your property quickly. Tenants may be willing to pay more if they feel they can get a good deal, so be open to negotiation and be prepared to compromise on some of your terms.

5. Use a letting agent

If you’re finding it difficult how to let your property yourself, then you might want to consider using a letting agent. Our Coventry Letting agents have experience in letting properties and can often find tenants more quickly than you can. However, it’s important to remember that letting agents will charge a fee for their services, so you need to factor this into your rental price. You must learn to let your properties from the letting agents.

6. Keep your tenants happy

Rent is guaranteed because happy tenants are more likely to remain in a property for a long time.

7. Keep a ‘void fund’

Unfortunately, completely eradicating empty periods is impossible because renters will always leave and new ones will need to be sought. Although there is always demand for property in Coventry, you might still have times where your property is vacant.

While following these tips will help you limit the amount of time your buy-to-let remains vacant, it’s equally important to safeguard your interests and plan ahead.

If you have a long-term tenant, set aside a portion of their rent and put it away until you need it. Alternatively, some landlord insurance policies protect you from renters who fall behind on their rent and must be evicted, resulting in a void period, and many policies will cover the property for a period of time while it is empty for maintenance.

It is critical to have a solid landlord insurance policy in place that covers all possibilities.

8. Make use of a void period

If your property does have a frustrating void time, try to make the best of it. To help let your property, sell faster in the future, you must use the time when the property is vacant to perform essential repairs or upgrades.

Consider how you may make better use of living space and storage, both of which are incredibly crucial to the modern renter.

9. Start marketing early

If a tenant wants to stay until the end of a tenancy or during a periodic tenancy, they should be given a notice period.

As a result, landlords should take advantage of this opportunity by advertising their homes for rent in Coventry while the current tenants are on notice.

10. Keep things neutral

It can be tempting for landlords to want to make their apartments stand out by decorating them with personal touches.

On how to let properties quickly, we recommend sticking to the tried and true principles of ‘neutral decor.’ That implies high-quality carpets with a simple design and cream or white walls.

The goal is to not only locate a tenant but to find a good tenant who will pay their rent on time and treat the property as if it were their own.

From the moment advice is offered from or to the tenant, a good property manager will set the tone for house letting immediately. Communication is crucial and continuing the dialogue daily or weekly is even more important.

By following these tips, you should be able to let a house quickly and efficiently. Remember, being flexible on the rental price and terms can be key to finding a tenant quickly. And if you’re struggling with letting your property in Coventry yourself, then using a letting agent may be the best option.

Our team at Complete Residential lettings have over 20 years of experience in the Coventry property market and will be happy to help you find your perfect tenant and let your property quickly!

Posted on July 7, 2022 July 7, 2022

Coventry Buy To Let Advice

Before you buy a home or buy to let, there are numerous factors to consider if you’re thinking about becoming a landlord. Knowing what to anticipate is important because the process of purchasing a buy-to-let Coventry property differs from that of purchasing a home for personal use.

If you’re reading this, you’re probably seeking the appropriate kind of information because it’s a long-term investment that shouldn’t be made hastily.

Finding a home in Coventry or finding a Coventry property for the purpose of buy to let can be a great investment. There are many things to consider when making this decision such as the location of the property (within Coventry), the type of property, the condition of the property, and your budget.

What is Buy-to-let?

Let’s start with the fundamentals: a buy-to-let property is one that is explicitly bought with the goal of renting it out to renters. As long as the rent is more than the monthly buy-to-let mortgage payments, it is an investment property that can produce a monthly income when finding a home.

Finding a home or Coventry property isn’t easy and if you can’t afford to buy one, you will need to apply for a buy-to-let mortgage, which is distinct from a residential mortgage. Your salary is taken into account when you apply for a regular mortgage, but with a buy-to-let loan, the lender views the future rental income as your major source of income and your personal income as a secondary source. Although the upfront costs are higher, the interest rates tend to be lower. Expect to put down at least 25% more money than usual because deposits for buy-to-let mortgages are often higher than those required for ordinary mortgages.

What sort of buy to let property should you purchase?

The ideal site is crucial, and it might include elements like its closeness to services and transportation, as well as neighbourhood and local demand. Similar to when you’re finding a home of your own, you should make sure you thoroughly investigate the region in which you want to put your buy-to-let property.

When conducting your study, keep in mind the type of tenant you want to attract. Finding a home in a residential location close to a decent school is your best choice if you’re wanting to rent to families. Finding a home close to a university, as well as decent, affordable dining options and lively nightlife, is essential if you want to rent to students. Remember that the types of tenants you have can have an impact on your mortgage because, for instance, many lenders have limits on renting to students.

If you’re thinking about buying a Coventry property with the intention of renting it out, there are a few things you need to take into account. This guide will give you some essential tips on finding a home at the right Coventry property to rent it out later and making sure it’s a successful investment.

Location

The first thing to consider when buying a Coventry property to rent out is the location. You’ll want to choose a neighbourhood that is in demand so that you can charge a higher rent. There are a few things to look for when choosing the right location:

Proximity to amenities:

Finding a home or a property that is close to grocery stores, parks, public transit, and other amenities will make it more attractive to potential tenants.

Crime rates:

Be sure to check the crime rates in the area before making any decisions. The last thing you want is for your tenants to feel safe in their own homes.

School districts:

If you’re targeting families as potential tenants, you’ll want to choose a property that is in a good school district. Families are willing to pay more for a home that is close to good schools.

Type of Property

The next thing to consider is the type of Coventry property you’re looking to buy. There are a few different options available, each with its own set of pros and cons:

Single-family home:

A single-family home is the most traditional option and usually the most expensive. The advantage of this option is that you won’t have to share any common areas with other tenants, so you won’t have to worry about noise complaints or damage to the Coventry property.

Multi-family home:

A multi-family home, such as an apartment building, is a good option if you’re finding a home or a property in Coventry to rent out multiple units. The downside of this option is that you will have to share common areas with other tenants, which can lead to noise complaints or damage to the Coventry property.

Condominium:

A condominium is a good middle ground between a single-family home and an apartment. You’ll have your own unit, but you’ll also have access to shared amenities like a gym or pool. The downside of this option is that you may have to pay monthly fees for these amenities.

Condition of the Property

The condition of the property is another important factor to consider when buying a rental Coventry property. You’ll want to make sure that the property is in good condition so that you can attract tenants and charge a higher rent. If the property needs any significant repairs, you should factor that into your budget.

Budget

Last but not least, you’ll need to consider your budget when finding a home or buying a rental property in Coventry. Be sure to factor in the cost of any repairs that need to be made as well as the monthly mortgage payments. You’ll also want to set aside some money for vacancy periods when you don’t have any tenants.

Making a Decision

Once you’ve considered all of these factors, you’re ready to make a decision on whether or not buying rental Coventry property is right for you. If you’re ready to take the next step in finding a home in Coventry, be sure to contact a real estate agent to help you find the perfect property.

These are just a few of the things you need to consider when doing buy-to-let property in Coventry. With careful planning and research, you can make sure your investment is a success!

Posted on May 27, 2022 May 27, 2022

Renting in Coventry in 2022: What To Ask Your Letting Agent

Questions To Ask Your Letting Agent When Renting A Property in Coventry

If you are thinking of renting out your property in Coventry, you will need to find a good letting agent in the area.

But what should you ask them before you sign on the dotted line?

With so many estate agents to select from, it may be worthwhile to develop a list of questions to ask in order to make an informed decision.

Below are some questions to ask your letting agent if you’re planning to let your property in Coventry.

What accreditations do you have?

When seeking a letting agent to manage your property, the first thing you should ask a letting agent is what accreditations they have.

These will show that they have undergone the relevant training and are up-to-date with industry standards.

Figure out which trade associations they are a part of. For example, Complete Residential Lettings Coventry is a member of the Property Ombudsmen and Client Money Protection Scheme, which is an insurance policy that reimburses tenants or landlords if their deposit or rental income is withheld by their letting agent.

Testimonials and success track records?

Asking for testimonials will give you an insight into the type of service they provide and how satisfied their customers are.

The Complete Residential Lettings team has extensive local market knowledge and over 20 years of experience.

You should aim to find local Coventry lettings agents who are highly attentive and transparent in everything they do and try their best to accommodate anything (within reason) that a client wants in a management team.

Aim for a team that is competent but welcoming, especially for someone who is new to property lettings.

You can read more customer testimonials on our website.

Complete Residential Lettings Notable Encounters

We had a noteworthy encounter when a landlord called us about a B&B that had lost its contractual relationship. He was at serious risk of losing his enterprise because his earnings had halted.

We encouraged him to turn the units into self-contained apartments. Which he did, and we’ve been letting them out effectively for the past twelve years.

He also had his property appraised after completing the renovations, and with them fully rented, the value of his house had nearly doubled.

How many rentals does each property manager have?

You will want to make sure that your property is not one of a large number of rentals that each property manager is responsible for. This can lead to your property not getting the attention it deserves.

Our Coventry properties

Complete Residential Lettings currently manage 215 properties for landlords in Coventry. We do not allocate properties to each member of staff, as we all look after them equally.

As we have 3 members of staff you could probably say 70 each!

How much will my property earn?

A great letting agent will be able to give you an accurate estimate of how much rent you can expect to achieve for your property in Coventry.

They will take into account a number of factors including the location, condition, and size of the property, as well as the current market conditions.

At Complete Residential Lettings, we would conduct a rental assessment on your Coventry property. We would compare it to other similar properties in the area that have been let recently, taking into account any unique features that could increase or decrease the rent.

From this, we would give you an idea of what rent you could achieve and how long it is likely to take to find a tenant.

Properties can earn between £5400.00 at the lowest to £48000.00 per annum, depending on the property.

These figures are gross figures and will need to take into account our fees, and maintenance throughout the year and also gas safety (every year), EPCs (every five years), and EICR safety checks (every five years) when needed.

How do you attract tenants?

The most important thing for any landlord is to find a tenant as quickly as possible so that they can start earning rent on their property.

A good letting agent will have a number of marketing channels that they use to market properties, including their own website, online property portals, and social media. They will also have a database of potential tenants who are looking for properties similar to yours.

At Complete Residential Lettings Coventry, we utilise all the above marketing channels to ensure your property gets maximum exposure.

We advertise all our properties on Zoopla, On The Market, our own website, and on Facebook. We get ample enquiries on a daily basis from these sources.

How do you screen and reference potential tenants?

It is important that you find a letting agent that takes the time to screen and reference all potential tenants thoroughly. This process will help to ensure that you end up with a tenant who is reliable and who will look after your property.

At Complete Residential Lettings Coventry, we always conduct a thorough screening and referencing on all potential tenants.

Our tenant screening process

All tenants undergo stringent referencing. This includes previous landlord checks. We require their current, or previous, landlord to confirm that their tenancy was conducted satisfactorily, payments on time, looked after the property, etc.

Also, work references to ensure they earn enough to take on a tenancy, a credit check to make sure they have not had adverse credit in the past, and also a right to rent check, where we need proof of id and also that they are legally entitled to rent and stay in the UK.

How do you deal with overdue rent?

Finding a letting agent who has experience in dealing with overdue rent is very important. This will ensure that you are able to get the rent that you are owed as quickly as possible.

At Complete Residential Lettings, we have a dedicated rent arrears team who are experienced in dealing with overdue rent. Late rent is dealt with firstly with a polite phone call, just to see if it has just been an oversight.

The second would be an email outlining their obligations and that further action would be taken should we not receive the rent, we also attend the residence should we get no response to the first two.

If the above does not succeed then if they miss two payments we would then start legal proceedings to have them legally evicted.

The main thing we do in most cases is to work closely with all tenants, to try to work out a payment plan, as anyone can have financial difficulties from time to time.

Are their contractors reliable?

It is important that you find a local Coventry letting agent who has reliable contractors who can carry out any necessary repairs and maintenance on your property in Coventry. This will ensure that any repairs are carried out quickly and to a high standard.

At Complete Residential Lettings, we only use the most reliable contractors who are experienced in carrying out repairs and maintenance on rental properties in a timely manner.

We have a number of preferred contractors who we use on a regular basis. These contractors are all experienced and qualified in their respective fields.

We vet all our contractors very carefully, making sure they have ample experience in the relevant field, liability insurance, and also that they provide us with competitive quotes for any work that needs to be carried out.

Most of our contractors have been working with us since we started in 2010 due to them being reliable and conscientious.

What are your management fees?

These fees will vary depending on the services provided by the agent.

At Complete Residential Lettings, we charge a percentage of the rent as our management fee. This fee includes rent collection, property inspections, arranging repairs and maintenance, and dealing with any tenancy issues that may arise.

Management fees are typically 10% of the rent received. This is negotiable should a landlord have multiple properties in Coventry.

Tenant deposit protection

All tenancy deposits must be protected by a government-approved tenancy deposit scheme. This is to ensure that the tenant receives their deposit back at the end of the tenancy if they have met the terms of their tenancy agreement.

At Complete Residential Lettings, all our deposits are registered with the Deposit Protection Service. The reason we use these is that they hold on to the deposit money during the tenancy, and they also deal with the distribution of the deposit at the end of the tenancy.

How do I find a good letting agent in Coventry?

There are a few things to consider when looking for a letting agent in Coventry.

The first is to make sure that the agent is a member of a professional body. These membership bodies have strict codes of conduct that members must adhere to.

This gives you some peace of mind that the agent is reputable and will act in your best interests.

It is also worth checking online reviews of the letting agent. This will give you an idea of the level of service you can expect from the agent.

Finally, it is always worth meeting with the letting agent in person to get a feel for them and to ask any questions you may have.

Why do letting agents charge landlords?

Letting agents typically charge landlords for their services. The fees charged will vary depending on the agent and the level of service provided.

Management fees are usually a percentage of the rent received, typically 10%. This is negotiable if a landlord has multiple properties.

At Complete Residential Lettings, our management fees are very competitive and we offer a discount if you manage multiple properties with us. Our management fees are typically 10% of the rent received. This is negotiable should a landlord have multiple properties.

We also offer a rent guarantee scheme for an additional fee. This scheme covers any rent that is unpaid due to tenant default.

Looking to let your property in Coventry?

For more information on our fees, please don’t hesitate to get in touch! We would be more than happy to meet with you in person to discuss your letting wants and needs! You can also call our friendly team here 024 7667 9333.