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.
We have tenants waiting for properties in all the areas we cover – so get in touch today!
Your next move?
|Free Market Appraisal|
|Full Marketing Package|
|Gas Safety Certificate (Landlord Cost)|
|Full Inventory (landlord cost)|
|EPC (landlord cost)|
|Negotiate Terms of Tenancy|
|Referencing and Credit Checks|
|Draw up Tenancy Agreements|
|Collection of First Month's Rent and Deposit|
|Notify Utilities of Tenancy|
|Collection of Monthly Rental|
|Monitoring of Rental Payments|
|Chasing Rent Arrears|
|Production of Monthly Statements|
|Primary Contact - Landlord and Tenant|
|Renewal of Gas Safety Record (landlord cost)|
|Day to Day Maintenance and Repairs|
|End of Tenancy Process|
|Negotiate Deposit Release|
|Manage Tenancy renewals|
|24 Hour emergency assistance|
|Access to to Propertyfile
|2 Property Visits and Report to Landlord|
|3 Property Visits and Report to Landlord|
|Rent and Legal Insurance|
Fee inc. VAT
Red Service (Let Only) includes Agreeing rental, Advise on obligations, marketing on portals, accompanied viewings, negotiation of offers, tenancy documents, set up rent payment, collect first payment, set up deposit protection with scheme of your choice
72% of first month rent
Red Service Extension includes rent review, agree tenancy extension and draw up documents for signature.
Red Plus/Red Premier Set Up fee includes tenant referencing, production of tenancy agreement, complete paperwork, registration of tenant deposit, arrange pre-let works and inventory.
Red Plus (Full Management) includes rent collection, arrears chasing, monthly statements, negotiate renewals and Rent.
12% of monthly rental
Red Premier (full management with rent guarantee) includes property maintenance, 3 property visits, service of notices, deposit negotiation, gas safety renewal (separate charge), Rent and Legal Guarantee Policy and all items on Red Plus Service
15% of monthly rental
Withdrawal from entering into a tenancy once instructed to proceed
Checking Alterations to Standard tenancy Agreement by your solicitor
£30 per hour or part hour
Negotiation of deposit release (Red and Red Plus services only)
Attendance at Court/Tribunal
£36 per hour or part hour
Service of Notices Admin Fee includes Section 8 and Section 21 where Red Plus or Red Premier service is not in action
Additional Property Visit
Waiting Time at Property for landlord appointed contractor
£60 per hour or part hour
Supervision of refurbishment of property
12% of value of works
Key Cutting Administration Charge
Gas Safety Certificate
Energy Performance Certificate
Registration of Tenant Deposit with TDS (where Red Premier or Red Plus Service is not in action)
Inventory (where Red Plus or Red Premier Service is not in action) based on property size and unfurnished/furnished
1 to 3 bed £75
4 to 5 bed £100
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.
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.
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.
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.
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.
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.
Make sure your property is safe to let – which means checking that all your appliances meet fire and safety regulations.
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.
Be prepared for void periods – set aside funds to cover you if things go wrong or the tenant leaves.
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.
Park Drive, Newport
*** RENOVATION PROJECT*** Planning permission has been granted to extend to a 4 bed house...
Rhosyn Close, Newport
A 3 bedroom town house, set over three floors and enjoying exceptional river views. The property...
Park Way, Newport
Four bedroom detached family home in the new Jubilee Park development that benefits from two...