An Introduction to Lets Safe
Renting a property, whether you are the applicant or the letting agent can be a very strenuous time, especially the preparation leading up to the moment the keys are handed over. However, as the landlord, you can come across a bump or two throughout the duration of the tenancy.
Here at Lets Safe, we are dedicated to making this process as smooth and stress-free as possible. We focus our strengths on working with the letting agents and property owners, as essentially their risk is far greater than the lessee.
Our in-depth and comprehensive tenant screening system has been structured to alleviate any vulnerability to risks such as properties that have suffered from more than just 'wear and tear', disputes on deposits and complaints from neighbours. Although these are some of the more tangible issues, the tenant screening process will also highlight any poor records with utility companies, and more importantly, missed, late, or even fraudulent payments on their credit history.More about Lets Safe...
In order to be a successful landlord, you need to perform a number of jobs. Interestingly, you may also have to play the role of a private investigator, as that's the only way to determine which individual out of your pool of applicants is going to be a successful applicant. You need to be good at picking responsible applicants to keep your rental business afloat, but it's also a fact that you cannot do the hard work required to track down tenant references. This is exactly when it makes a lot of sense to get in touch with a letting agent or a tenant screening company.
What is Tenant screening?
Tenant screening is a process of getting relevant information that helps you make a sound decision on a prospective applicant's suitability. With an increase in the number of people who are looking to rent, people are now applying for properties that are usually at the top of their budget; therefore, referencing applicants is the only way to have the peace of mind that those people can afford your property.
The Cost of Getting Rid of a Problem applicant
Considering the current buy-to-let boom, many landlords are now interested in taking advantage of this investment opportunity. However, it's found in a research study that thousands of landlords are facing a loss of at least £1,500 as unexpected costs.