Unrivalled local knowledge, backed by a total support package.
Our clients range from first time “buy-to-let” landlords, looking for a sound and worry-free return on their investment, through to major international property investors who recognise what incredible value the regional letting market offers.
Whatever type of landlord you are, our expertise delivers flexible property management solutions to fulfil your individual needs – protecting your assets while maximising your income and minimising the input you need to make.
Our expert local knowledge, strong presence, excellent marketing and thorough approach ensure your property is let quickly, at the right price and with minimum voids.
We vet all prospective tenants thoroughly, make regular visits to ensure that the property is being properly cared for, and undertake regular rent reviews so that the full market price can be achieved.
Moreover, your money is paid to you the same day that funds are cleared.
We take pride in delivering an honest, professional and reliable letting service with the assurance that we can guide you through the maze of regulations now involved in letting property, giving you the peace of mind that your property is in safe hands.
Red Key is a member of the Association of Residential Letting Agents (ARLA), The Property Ombudsman, Safe Agent and The Dispute Service (TDS) Deposit Protection Scheme - ensuring that codes of practice are properly followed and all client money is protected.
Client Money Protection Insurance(CMP)
We have Client Money Protection Insurance(CMP) provided by Safe Agent. Click here to view member requirements
We have tenants waiting for properties in all the areas we cover – so get in touch today!
Your next move?
To find out more about our service and terms, or to arrange a free valuation,
contact
Sophie Burrows: Email: sophie@redkeyps.co.uk Tel: 01633 387 970
| ADDITIONAL SERVICES AND FEES All prices in this table are inclusive of VAT |
RED Let Only | RED Essential Management | RED VIP Platinum Management |
|---|---|---|---|
| Tenancy Setup Fee | 90% of one month's rent (Minimum £480) |
60% of one month's rent (Minimum £360) |
60% of one month's rent (Minimum £360) |
| Management Rate | N/A | 11.5% 13.8% PCM (Minimum £60) |
15% 18% PCM (Minimum £90) |
| Credit Check and reference applicant |  |
|
|
| Registration of Security Deposit | £30 | |
|
| Fixed Term Tenancy Renewal | £90 | £90 | |
| Inventory | By size of property | By size of property | |
| Checkout | By size of property | By size of property | |
| Maintenance Call Service | N/A | |
|
| Emergency out of hours service | N/A | |
|
| Property visits | £42 per visit | £42 per visit | 2 included per annum |
| Tax Statement Income & Expenditure | £30 | £30 | |
| Void Property Visits | £42 per visit | £42 per visit | |
| Deposit Negotiations | £54 per hour | |
|
| Rent & Legal Protection | N/A | £199 per annum | £199 per annum |
| Property File Portal | N/A | |
|
| Landlord Statutory Requirements | |||
| Annual Gas Safety Certificate | £78 | £78 | £78 |
| Annual Legionnaires' Risk Assessment | £50 | £50 | £50 |
| EPC Certificate (10 years) | £80 | £80 | £80 |
| Electrical Installation Safety Check (Minimum charge) | £115 | £115 | £115 |
| HHSRH Assessment | £200 | £200 | £200 |
| Attendance Court Hearing | N/A | £150 | £150 |
| Accompany Bailiff | £90 | £90 | £90 |
| Issuing Section 21 Notice | £75 | |
|
| Issuing Section 13 Notice | £75 | £75 | £75 |
| Statutory Deposit Declarations | £65 | £65 | £65 |
| HMO & Council | |||
| HMO License/Renewal Application | N/A | £60 | £60 |
| HMO Council Compliance Inspection | N/A | £180 | £180 |
| EHO Visit | N/A | £75 | £75 |
| HMO Fire Alarm test | N/A | £42 per visit | £42 per visit |
| General Maintenance | |||
| Key Cutting | Cost of key | Cost of key | Cost of key |
| Landlord Appointment - waiting at property for contractors | £54 per hour | £54 per hour | £54 per hour |
| Landlord Contractor Compliance Check | N/A | £48 | £48 |
| Supervision of Works | 12% of the total cost of works | 12% of the total cost of works | 12% of the total cost of works |
INVENTORY COSTS
| Bedrooms | Inventory | Checkout |
|---|---|---|
| 1 | £84 | £72 |
| 2 | £96 | £84 |
| 3 | £120 | £99 |
| 4 | £144 | £108 |
| 5 | £180 | £120 |
1
Always remember that property rental is a business – and like any business it’s crucial to do your research beforehand: identify your target market and match that to the property you buy; make sure it has the right features and is located in the right area to attract this market.
2
Present your property well – decorate and furnish your property in a style that will appeal to your target market and not your personal taste: clean, neutral colours work best. Ensure bathrooms and kitchens are modern and in good condition. If the property has a garden, make sure that it is tidy and well tended. It’s also advisable to refresh properties between lettings, including carpet cleaning and touching up paintwork.
3
Employ an expert you can count on: only use an ARLA registered agent who will ensure that all the correct documents are issued, including a good tenancy agreement which combines your rights as a landlord and the fair expectations of your tenant’s. The agent will also obtain credit checks, references and ensure all client money is protected.
4
Ensure you are able to let your property: you will need to secure consent from your mortgage provider; and if you’re a leaseholder, seek permission from the freeholder/management company.
5
Secure a deposit – and this should be is slightly more than one month’s rental. This will give you greater protection and compensation against damages and also encourage tenants to pay their final month’s rent. Please note that deposits must be protected by one of the Government-approved Deposit Protection Schemes.
6
Have a thorough inventory and schedule of condition from the outset – enabling you and the tenant to agree upon the condition of the property, so minimising later disputes.
7
Make sure your property is safe to let – which means checking that all your appliances meet fire and safety regulations.
8
A boiler maintenance contract is a good idea, and many white goods have extended warranties, all of which can prove cheaper than emergency call out charges.
9
Be prepared for void periods – set aside funds to cover you if things go wrong or the tenant leaves.
10
In the case of problem tenants, take prompt action – if your tenant is not looking after your property or is behind with rent, consult a solicitor, investigate your options and take steps immediately.
While Red Key does not offer or arrange Landlord insurance, preferring to be totally independent in the service we provide, we can point you in the direction of a range of products that we believe offer good value for money and, critically, provide the level of cover you really need.
