Owning a Cotswold real estate property is a great investment for the long term. Which is why many property owners choose to purchase an investment property that they can offer to the rental market. However, managing your short term let in the Cotswolds when you are not local to the area can prove off-putting to some owners. It certainly requires a well-thought-out plan, which is exactly why many remote property owners choose The Cotswold Letting Agency to manage their investment property.
Here are our top 3 tips for successful Cotswolds property management, from afar:
Find a trustworthy letting agent
From the feedback we get from our property owners we know that entrusting your investment property to a rental expert is an easy decision to make. When you invest in a property to rent in the Cotswolds, we recommend you do your research and gain a deep understanding of the local market. All of our team live and work right here in the heart of the Cotswolds so are on hand to advise on how to ensure your property appeals to a broad tenant audience.
Build your local contacts
Having access to local contractors is invaluable, in the first instance to help prepare your investment property for the rental market, but then ongoing, should you encounter an unexpected issue. Our team at The Cotswold Letting Agency have a little black book of local contacts that we regularly recommend to our property owners.
Take a proactive approach
Regular check-in and check-out reports, routine inspections, swift response to maintenance requests, and timely renewals of property certificates can save you both time and money in the long run. Plus, not only will it keep your tenants happy, but will also ensure your property is always let out meaning you can maintain a premium rental income. Dependent on the management package you choose, we can manage communication with your tenant throughout their stay to ensure they, and you, enjoy a hassle free tenancy.
By following these tips and entrusting the team at The Cotswold Letting Agency with your investment property needs, you can navigate the Cotswolds property market with confidence and success, no matter where you are located.
Interested to find out more?
The Cotswold Letting Agency are experienced in working with property owners living away from the Cotswolds. Fortunately, our team live and work in the Cotswolds, and so act as the “feet on the ground” for many of our property owners. If you have or are considering investing in a Cotswold rental property, get in touch with a member of our team today. We are open Monday to Friday from 9am to 5.30pm and can be reached on 01993 684572 or you can get in touch via email firstname.lastname@example.org