Perhaps one of the most sensitive and potentially litigious times for landlords and tenants comes at the end of a tenancy, when the state of a property or its fittings can put a deposit at risk, leading to disputes.

A checkout report completed by an impartial party can help avoid this potential issue by providing an objective view of the condition of the property and define who is responsible for any costs.

What exactly is a checkout report?

This report is done at the end of a tenancy and provides a thorough record about the state of the property on the departure of the outgoing tenants. Each room is inspected and graded with the assessment of specific items, clearly stating whether any action required. The resulting report provides clear evidence to justify a deduction from the tenant’s deposit. It also provides information to the landlord of what action needs to be taken before the next tenants arrive.

The checkout report, together with an inventory at the beginning of a tenancy, provides evidence of when any damage may have occurred and so who is liable. If there is a dispute, these documents can be used as part of any adjudication process.

What does a checkout report include?

A checkout report provides a detailed description of damage, maintenance and cleanliness. As the reports are written in detail and contain photographic evidence, they offer a definitive set of findings from the checkout inspection.

It can be difficult for a landlord to make an objective assessment of acceptable wear and tear, but an independent assessor completing a checkout report will use their experience to make a fair judgement. Tenants can also be assured that there is nothing for the assessor to gain from the decisions they make regarding responsibility.

What are the benefits of a checkout report?

The great thing about Checkout Reports is that there are benefits for both parties:

  • Reports can be completed by independent specialists to reassure tenants of the fairness of the checkout process.
  • Tenants are more likely to agree with the Checkout Report findings if they see a fair assessment has been completed.
  • A good checkout report process helps maintain a positive relationship between tenant and landlord.
  • They prevent unnecessary costs and saves time for the landlord.
  • They make the transition between consecutive tenants smoother, with the reports identifying early on any action to be taken before the next tenants arrive.

At No Letting Go, our trained inventory specialists provide a comprehensive Checkout Report and a service that both tenants and landlords can have confidence in. Their accurate and timely information to landlords and tenants facilitate a smooth and amicable departure the rental property.

No Letting Go

If you would like to find out more about how No Letting Go could become your property management partner, with our local and national network of specialists streamlining your costs, reducing your workload and keeping accurate inventories for your properties, then contact us today.

In England and Wales, Public Health England confirmed 359 cases of Legionnaires’ Disease, with 25 leading to death. The financial consequences to those held responsible for the infections were serious, but as a landlord, are you also in danger of breaking the law?

What is Legionella?

Legionnaires’ disease is a potentially fatal type of pneumonia caused by the Legionella bacterium. It can spread in small airborne droplets of contaminated water which people inhale. These droplets can be produced by water outlets in the home, such as taps and showerheads. It can also be caught by drinking contaminated water. Legionella can cause coughs, shortness of breath, fever, muscle aches and, in the worst cases, to death.

Any man-made water system can provide an environment in which Legionella bacteria can grow, with the right temperature and nutrient sources, such as rust, sludge, scale or biofilm). The more it can multiply, the greater the risk of exposure. For this reason, the water systems and outlets of a rented property need to be properly maintained and checked.

What does the law say?

If you are a landlord and rent a property or even a room within your home, you have a general legal responsibility under Section 3(2) of the Health and Safety at Work Act 1974 (HSWA) to ensure the health of your tenant by preventing their exposure to health and safety hazards in your property. There is also specific guidance for Legionnaires’ disease:

  • Control of Substances Hazardous to Health Regulations 2002 (COSHH): This refers to hazardous substances, including biological agents such as the Legionella bacterium. It requires the landlord to identify and assess the risk to others on their property and to implement any necessary measures to control risk.

 

  • L8 Approved Code of Practice (3rd edition) (ACOP): Published in 2001 and updated in 2013, this guidance stipulates a duty for landlords to carry out a risk assessment on tenants’ exposure to Legionella.

The penalties of failing to carry out a legionella risk assessment

If the Health and Safety Executive can prove that you, as a landlord, did not take adequate steps to control the risk of Legionnaires’ Disease, you can be liable to up to two years in prison, and an unlimited fine or both.

In 2016, one well-known company was fined nearly 2 million pounds for failing to take adequate measures to prevent a Legionella outbreak. That’s not even mentioning the damage done to reputation, business profits and the potential for legal action by the injured person.

A legionella risk assessment from No Letting Go

As well as our comprehensive range of services to private landlords and letting agencies nationally, including inventory management, No Letting Go also offer legionella risk assessment visits.

All of our inspectors are City and Guilds qualified, and they will give you clear, concise and comprehensive reports that highlight any risks and explain any actions you need to take to meet your recommended safety requirements.

If you want the peace of mind knowing your property is safe from the risk of Legionnaires’ disease, then contact us today.

A property inventory is a very important tool for anyone renting or managing a let property, and having this facility as a specifically designed system can greatly enhance its efficiency.

What challenges should a property inventory address?

When completing a property inventory, you need to have the confidence that it’s not only recording information accurately but that it’s also recording all the information necessary. If a dispute arises over the condition of a property, the information you’ve recorded could be integral to resolving the issue. A property inventory, therefore, needs to do the following:

  • Ensure all key information is included in each report
  • Provide proof of property issues
  • Minimise financial risk by creating records that can be relied upon
  • Reduce the risk of tenants, landlords, agents etc. not agreeing on the property’s condition
  • Remove doubt by recording changes that have occurred over time
  • Ensure the rented property is meeting legal requirements

How an inventory system addresses your challenges

Using the technology of an inventory system, such as No Letting Go’s Kaptur app, can provide a solution for many of the challenges of keeping good inventory management:

  • Provides a web-based centralised booking system that’s easy to access and update, even remotely
  • Allows current and historical inventories to be seen side by side to simplify viewing any changes
  • Provides a fully documented audit trial
  • Produces clear and precise records, agreed by both tenant and landlord, to reduce disputes when claims from deposits are required
  • Identifies work to be done before the next tenant moves in
  • Is mobile, allowing all administration to be completed on-site, capturing all information immediately
  • Helps agents manage time efficiently by managing admin tasks such as orders, appointments, change notifications and alerts
  • Provides documents in a format accepted by all Government deposit protection schemes

When an inventory system is made specifically for the task in hand, its real power is that it offers confidence for all parties and captures data very easily.

Who benefits from using this technology?

Whether tenant, landlord or agent, the success and benefit of Kaptur as an inventory management system is that it benefits all parties involved.

For agents, the efficiency of the app allows them to save time and provide uniformed reports. For landlords and tenants, the accuracy of the information and its real-time capture provides confidence in what’s been recorded. This reduces the risk of dispute over information and minimising the financial risk for both parties.

For those looking to increase efficiency in their lettings business and deliver professional reports to clients, an inventory management system provides a “one-stop-shop” solution.

No Letting Go

If you would like to discuss how our local support or national network at No Letting Go could help you as your property management partner, streamline your costs, reduce workload and keep accurate property inventories, then contact us today.

Owning a franchise is a very popular starting option for anyone with an urge to run their own business. At No Letting Go, our franchise business is thriving as entrepreneurial spirits join us and take advantage of the many opportunities an inventory management franchise offers.

Why is inventory management a good business opportunity?

The rental market is booming right now, and lockdown has done little to slow it down. Recent figures show a 22% increase in demand for lettings in comparison with the same period in 2019. In fact, it’s predicted that households within the private rented sector is set to rise by 5.79 million by 2021.  This level of expansion offers exciting opportunities for anyone involved in the sector. 

To manage the growth in the lettings market successfully, there will need to be a robust infrastructure of support services around it, and inventory management will play an essential role. Inventory management ensures the protection of both landlord and tenant and reduces the potential for disputes. Landlords value the ability to outsource inventory management as it saves them time, and our independence gives tenants greater confidence in the process.

Moving into a market with such growth opportunity is an exciting proposition for any new business owner, but when this can be done through a franchise, which offers the prospect of a readymade set-up and a recognised brand, it’s an opportunity to get your business career off to a flying start.

What’s special about a No Letting Go franchise?

In addition to an active market, business owners need to ensure that the franchise they’re considering can realise business opportunities and meet their aims.

Inventory management provides a clear advantage to those owning or managing a let property, but the advantage of owning a franchise comes when that franchise is established as a provider of a specialist service. A No Letting Go franchise offers just that:

  • A recognised brand and the UK’s largest franchised provider of property reports to the UK residential rental market
  • Provides a range of services in addition to the inventory management report, increasing income
  • Has services established with a wide variety of letting businesses, including major chains of letting agents, independent local letting agencies, estate agencies, landlords, property management companies and local authorities
  • Invests in extensive training in all aspects of delivering the services and running a business, from when you start up and continuing throughout your franchise ownership
  • Based on a repeat business model, so once established you’ll see an ongoing flow of business
  • Offers assurance that reports are comprehensive, compliant and simple to create, so you’ll always be in demand

Become a franchise owner

The desire to provide great customer service, deliver on promises and work hard are the main assets you need for starting out on your franchise ownership journey; no industry experience is required.

If you think you have what it takes, and running a franchise would suit your life and your business aims, please contact us to discuss joining the national network of inventory management specialists at No Letting Go.

A good landlord or property agent understands that the relationship with their tenant needs to be carefully managed in order to build a positive and successful long-term partnership from which both sides benefit. This requires the reliable delivery of a broad range of services to ensure that the tenant is kept safe and happy and to protect the position of the property owner.

If you own a rented property, it is always worth considering whether you will benefit from engaging a specialist property manager with experience required to deliver on that relationship.

The importance of property management

Purchasing a property to rent is a major investment, and property management is about looking after that investment so that it continues to give you the best return possible. Landlords also understand the additional benefits that good property management brings:

  • Freeing up your time from keeping up to date with a multitude of compliance requirements
  • Providing additional support when a landlord doesn’t have the capacity to look after their properties themselves.
  • Ensuring that buildings are well maintained to generate maximum revenue
  • Looking after the resident’s needs and wellbeing
  • Acting as a point of contact between landlord and resident
  • Understanding the legal requirements of renting property

What are property inventory management services?

At No Letting Go we offer a broad range of property reporting services to ensure we can assist either a landlord or agent to manage a successful let. These services include:

  • Vacant property inspections: Checking your property is secure, and there are no maintenance issues, internally or externally. There’s often an insurance requirement for vacant properties to be inspected weekly or fortnightly.
  • Abandonment notices: Ensuring these notices stay in place by regularly visiting the premises and reporting on the property’s security.
  • Mid Term Reports: Every three to six months, we visit a property to ensure it is being maintained as agreed, check for damage and ensure that tenants are happy. We then produce a report that can be used to provide valuable evidence should a dispute arise in the future.
  • Block management Inspections: Estate and block inspections are broad ranging, from fire and safety to maintenance and cleanliness, but can be tailored to each client’s needs, highlighting key areas for necessary action.
  • Inventory management: Reporting any change, from the commencement to the termination of a tenancy, and providing evidence for recovering costs against deposits or insurances
  • Fire and CO compliance: Inspecting and testing all alarms to ensure compliance with relevant regulations.

Why use specialist inventory services?

With a specialist property inventory service like No Letting Go you have access to a national network of  inventory specialists.  In addition to our experience and specialist knowledge, our letting management and landlord clients benefit from:

  • A dedicated account manager
  • Capacity to manager large and small portfolios
  • A flexible range of property reporting services
  • Guaranteed report delivery turnaround, working to a Service Level Agreement
  • Use of an online platform which makes tracking easy
  • Fully insured and qualified specialists
  • Building your reputation as a good landlord or management agent

No Letting Go

If you would like to discuss how our national network can help with your property inventory management to generate accurate reports and protect your reputation as a landlord or letting agent, please contact us online.

A report at the beginning of the 2020 year stated that 30% of landlord-tenant disputes were a result of tenants not receiving communications about why their deposit wasn’t being returned. The second most common cause for dispute was cleanliness (23%), and the third was damage to property (18%).

 

What is a property inventory?

A property inventory is a comprehensive report which details the state of your property at the beginning of a tenancy. It provides information on the furniture, fixtures, fittings and general wear and tear. Anything that is damaged or missing can be recorded in front of a new tenant.

Why is an inventory important?

The extensive details recorded in a property inventory provides the evidence to show the contents, condition and cleanliness at the start of the tenancy. A comparison report will be prepared at the end of the tenancy to determine if any damage occurred during the tenancy. This makes it easier to recover costs against a deposit or zero-deposit replacement insurance. Without this crucial evidence, landlords can find themselves liable for the cost of the damage. And on the other hand, without this evidence, a tenant can’t prove they weren’t responsible for some damage.

In addition to helping to place responsibility for property damage, the report also highlights any issues to be addressed at the start of the tenancy and provides tenants with a clear expectation of the state in which the property should be returned.

The benefit to all parties in preventing disputes makes inventory management an essential part of the property letting process and sets the relationship between landlord, agent, property manager and tenant off to a good start.

What should an inventory report include?

A comprehensive inventory report should include the following:

  • A record of meter readings and keys provided
  • The condition and cleanliness of each room, including appliances, fixtures and fittings
  • A record of the condition of the garden
  • A signature from the tenant confirming they agree with the contents of the report
  • A record of the condition of the mattresses (if fully furnished)
  • Date and time-stamped photos of the property and its contents
  • A record of furniture and furnishing fire safety labels
  • Evidence that the smoke and carbon monoxide alarms comply with legislation
  • A record of loose or frayed carpets, cracked glass or windows, missing keys and inoperable locks

Check In – Check Out

As important as the initial inventory report is, a check-out report recording the condition and cleanliness of the property as the tenant departs is equally important. This report, in conjunction with interim checks throughout the tenancy, documents any changes that have occurred to the property. This can be used to evidence to a tenant why deductions had to be made from their deposit. A sequence of reports also provides evidence for legal proceedings in the worst case.

No Letting Go

We offer an independent and unbiased professional reporting service, providing a written and photographic report on the condition of the property and its contents in addition to the standard of cleanliness. If you would like to discuss how our local support or national network could help you with your inventory management please contact us online or find your nearest branch.

Fulham has become one of South West London’s most popular areas for buyers and renters alike. With fantastic pubs, shopping and schools on offer, many young professionals and families are searching for properties for sale and rent in the area.

Looking for help managing your rental properties in the Fulham area? Our guide sets out some of the most trusted letting agents in Fulham and aims to help you find the services you’re looking for, right on your doorstep.

Whether you’re looking for property management support or help attracting the right tenants, the following London letting agents are on hand to help…

 

Winkworth Fulham & Parsons Green Estate Agents

Winkworth Fulham and Parsons Green estate agency has been active in Parsons green for 34 years and has seen first hand the rise in demand for property in the area. Their excellent knowledge of the local property market, combined with a strong team of property professionals makes them a highly recommended agency in the area.

Georgia Nicoll heads up the lettings team and is skilled at placing the best tenants in the right properties. The 4.7 Google rating attests to the excellent services they provide to customers.

Contact Information

40 New Kings Road, Fulham, Greater London, SW6 4ST
+44 (0) 20 7731 3388
fulham@winkworth.co.uk

 

John D Wood & Co Estate Agents Fulham Broadway

Located conveniently on the corner of Fulham road and North End Road, the Fulham office of John D Wood & Co offers sales and letting services to the surrounding area.

The lettings team provide tailored services to landlords and property professionals, aided by expert legal teams to help protect your investment. Satisfied clients attest to the teams’ efficiency, reliability and flexibility.

Contact Information

506 Fulham Rd, Fulham, London SW6 5NJ
020 3151 4134

 

Strutt & Parker Fulham

If you’re a London landlord or property professional looking for help with Fulham properties, Strutt & Parker are dedicated to helping match both corporate and private tenants with outstanding properties. Solid market knowledge, seamless property management services and flexible options make this letting agency a popular choice in the area.

Their impressive 4.9 star Google rating comes from the team’s professionalism and excellent communication skills.

Contact Information

701 Fulham Road, London, SW6 5UL
+44 20 7731 7100

 

KFH (Kinleigh Folkard & Hayward) Fulham

From the picturesque Eel Brook Common to the plentiful green spaces of Moore park and South Park, the team at KFH Fulham are very much clued up on Fulham’s offerings.

This estate and lettings agent offer everything from residential and commercial lettings, to portfolio management. Their dedication to clients is reflected in the 5 star Google review rating as customers describe their services as honest, helpful and attentive.

Contact Information

825-827 Fulham Road, Fulham, SW6 5HG
fulhamroad.lettings@kfh.co.uk
020 3993 4671

 

Chestertons Fulham Road

Chestertons Estate Agents have three offices in Fulham and their lettings team is run by Graham Jennings who has been working at the firm since 2009.

Reviews describe the team as having fantastic knowledge of the area and local property market.

Contact Information

654 Fulham Road, Fulham London SW6 5RU
lettings.fulhamroad.enquiries@chestertons.com
+44 (0)20 7384 9899

 

 

Knight Frank Fulham Estate Agents

According to lettings manager Chiara Thomas, Knight Frank Fulham have seen a 72% increase in the number of tenancies starting via their corporate relocation service year on year.

From marketing, to finding reliable tenants and collecting rent, this agency is experienced at providing essential services for landlords in the area. With a wide network of partners and experts, Knight Frank are well placed to help landlords protect their investment.

Contact Information

203 New Kings Road, Fulham, SW6 4SR

 

 

Hamptons International Estate Agents Parsons Green and Fulham

Landlords and tenants alike praise Hamptons Parsons Green and Fulham for their attentive customer service and dedication to going above and beyond for their clients.

The Fulham office of Hamptons has been running successfully for 25 years, covering the postcodes SW6, W6 and W14. The international agency has wide exposure on property portals such as Zoopla and Rightmove and the team is confident they can get you the best rental price for your property.

Contact Information

193, New Kings Road, Fulham, London, SW6 4SS
020 3151 4176

 

Carter Jonas Parsons Green

Carter Jonas Parsons Green provides a wide array of services, including; property valuations, vacant property management and buy-to-let advice.

The team pride themselves on their transparency, customer satisfaction and 24/7 availability.

Contact Information

783 Fulham Rd, Fulham, London SW6 5HD
020 7751 8898

 

Douglas & Gordon Fulham

The Douglas and Gordon Fulham office is well known for it’s high quality services and customer service, with the team being described as ‘diligent’, ‘approachable’ and ‘refreshing’.

The team are experts in both long term and short term lets and offer a wide range of professional services for landlords.

Contact Information

656 Fulham Rd, Fulham, London SW6 5RX
020 3918 3699
fulhamlets@dng.co.uk

 

Savills Fulham

Savills have been operating in the property industry for many years, and the Fulham branch has earned a reputation for seamless efficiency. The agency deals with some of the most prestigious properties for sale and let in the area and has a detailed understanding of renters’ needs.

The team ensures that their clients are at the heart of their services and are available at all times of day.

Contact Information

191 New King’s Rd, Fulham, London SW6 4SW
020 7731 9400

 

No Letting Go Fulham

Fulham is a hugely popular area of central London, thanks to its great transport links, quality schools and attractive properties, making it a great location for prospective landlords to invest. If you’re looking for property inventory services in London, we can help.

The No Letting Go Fulham branch is run by Yosha Hussain, an experienced inventory and property reporting specialist, with great local knowledge.

Available services include:

  • Detailed inventory reports
  • Digisign
  • Property visits
  • 360 virtual photography
  • Property appraisals
  • And much more….

Find our full list of property inventory services here to maximise returns and protect your investment.

Looking for trusted Islington letting agents?

As a provider of landlord and letting agent services, we work with a wide range of companies within the property market and understand the importance of finding dedicated and reliable property agents to protect your investment.

A good letting agent has excellent local knowledge and understands the specific pain points of letting property in a particular area. While our previous blog looked at the best letting agents in London, we’re taking a closer look at specific localities to help you identify the best property management services in your local area.

First up, we list some of the best Islington letting agents providing professional, friendly services to landlords and businesses in the area.

 

Chestertons Islington

Excellent Google reviews are a testament to this agency’s responsive customer service and dedication to clients. Taking great pride in the local community, the Islington branch of Chestertons lettings and estate agency is partnered with William Tyndale School, London Calling coat collection and St Mungo’s.

Their lettings team is head up by David Manning, who has over 20 years’ experience in the industry.

Contact Information

David Manning
iul.portals@chestertons.com
327-329 Upper Street, Islington London N1 2XQ

 

Daniel Rose Residential Ltd

Settling in Islington in 2004 after letting properties around North West London, this family run lettings agency take pride in the personal touch they provide as part of their property services, going above and beyond for their clients.

Daniel Rose Residential provides landlords with property valuation, marketing material and promotion on popular property portals such as Zoopla and Rightmove.

This agency is a member of Client Money Protect (CMP) and The Property Ombudsman.

Contact Information

info@danielrose.net
Ground Floor Office, 99 White Lion Street, London, N1 9PF

 

Felicity J Lord Letting Agents Islington

Described as sincere, trustworthy and tech-savvy by clients, Felicity J Lord Letting Agents in Islington is part of a multi-award winning agency.

The Islington office of Felicity J Lord covers a wide area, including Highbury, Canonbury, Barnsbury, Hoxton, Kings Cross, Caledonian Road, Holloway, Arsenal, Finsbury Park and Stroud Green.

Contact Information

Anthony Szabo, Area Director (Lettings)
Anthony.Szabo@fjlord.co.uk

Islington Felicity J Lord, 313 Upper Street, Islington, London, N1 2XQ

 

Islington Properties

Islington Properties describes itself as a ‘boutique residential property services company’ and is renowned for offering unique insights into the local area. Their Sales & Lettings Manager has worked in Islington for the past ten years and the rest of the team are ARLA qualified.

The team also offers tailored property management services as well as property valuations with no obligation to commit.

Contact Information

info@Islingtonproperties.com
111 Upper St, Islington, London, N1 1QN

 

Founders Of London

From Islington to Regents Park, Founders of London have a combined 20 years of experience managing properties in prime central London locations.

With a close attention to detail, the agency offers free market appraisal to landlords as well as expert advice on maximising returns. The professional website and marketing materials on offer help to attract quality tenants with a short turnaround.

Founders of London are members of The Property Redress Scheme (PRS) and Clients’ Money Protection Scheme (CMP).

Contact Information

47 Islington Park Street, London, N1 1QB, United Kingdom

 

Hemmingfords

Hemmingfords lettings agent started out as a husband and wife team with a mission to make lettings more transparent for both landlord and tenant.

Working with properties in Islington, Shoreditch, Clerkenwell, Hackney, Bethnal Green and the City, the couple live and work in the area and have extensive local knowledge. They also strive to be an eco-friendly option by minimising printing and using electric company cars.

Co-founder Rose has landlord experience herself and can offer guidance, care and value within all aspects of the rental process.

Contact Information

info@hemmingfords.co.uk
We Work, 41 Corsham St, Hoxton, London N1 6DR

 

Friar Lettings

This independent, family run lettings agent has been providing lettings and property management services since 1999. Described as helpful and professional without being ‘pushy, the small team at Friar Lettings are valued by clients for their down to earth nature and reliability.

Contact Information

enquiries@friarlettings.co.uk
Gainsborough Studios North, Unit A, 1 Poole Street, N1 5EB

 

Charles David James

Charles David James lettings in Islington provides professional services to a small number of clients to ensure each one feels taken care of and specialises in managing property for homeowners relocating overseas.

Charlie is described by clients as ‘approachable’, ‘honest’ and ‘helpful’ with a straightforward approach.

Contact Information

info@charlesdavidjames.co.uk
Unit 11 Canonbury Yard, 202-208 New North Road, London N1 7BJ

 

 

PG Estates Islington

Since taking the reins from his father in 2005, Ed Gormley has taken PG Estates lettings to new heights. Excellent customer service and forging long-standing relationships is at the heart of the company’s ethos.

Rave reviews from the landlords and tenants on their books are a testament to the care the team at Islington put into their dealings with customers. They offer bespoke marketing, property management and short lets as part of their services.

The lettings agent is a member of The Property Ombudsman and ARLA.

Contact Information

020 7226 4994
350 Upper Street, Islington, London, N1 0PD

 

 

Kinleigh Folkard & Hayward Islington Estate Agents

In operation since 1977, Kinleigh Folkard & Hayward can be found in 60 locations across London, making it one of the larger estate agents on our list. They have a wide network of specialists and experienced staff on hand. Their high Google review rating from Islington clients speaks volumes about their superb communication, professionalism and efficiency.

Contact Information

islington.lettings@kfh.co.uk
298 Upper Street, Islington, N1 2TU

 

No Letting Go Islington & Camden Property Inventory Services

No Letting Go’s Islington and Camden branch is led by Chris Ford. After 23 years of experience in the retail industry, Chris made the switch to property in 2017. Since then, property has become his passion and he always strives to go above and beyond for his clients of landlords and letting agents.

Chris-Ford-Islington-branch

The Islington & Camden team offer;

  • Highly detailed inventory reports
  • Inventory Management in Islington
  • Smoke and Carbon Monoxide Inspections
  • 360 Virtual Photography
  • Property Appraisals and Floorplans
  • Property Visit (Mid Term Inspection)
  • Legionella Risk Assessment and water testing

 

Contact Information

07415 087316
islington@nolettinggo.co.uk
48 Weavers Way, London NW1 0XE, UK

Are you a letting agent operating in the Islington area that we’ve missed off our list? We’d love to hear from you! Get in touch to be added to the list or head to the website to discover our range of property inventory services.

If you’re a letting agent or landlord, it pays to stay ahead of the latest news and trends in the property sector. One of the best ways to do this is to attend an industry event.

We’ve rounded up some of the best London property events coming up in 2020 for letting agents and landlords to help you organise your calendar and plan for a year of success.

 

Why Should I Attend an Industry Event?

Not only are property events insightful, they can even offer exciting opportunities to grow your business. Here are some of the most important reasons to attend an event;

  • Network with peers and industry leaders
  • Gain fascinating insights and ideas from others in your sector
  • Discuss current challenges and find solutions
  • Make new business contacts
  • Find trusted partners and service providers

Let’s get stuck into the best upcoming events;

 

NAEA Propertymark National Conference

When: 27/02/2020
Where: 133 Houndsditch, London
Who for: Estate agents
Tickets: £195 + VAT for non members

Advertised as ‘The UK’s biggest and most reputable estate agents’ conference’, NAEA Propertymark’s National Conference gathers industry leaders for a day of exhibitions, keynote talks and networking opportunities.

NAEA is the most prominent professional and regulatory body for estate agents in the UK and their annual conference attracts over 500 delegates.

Highlights from this year’s event include talks; ‘behind the headlines of the property market’ from Knight Frank and legislative and industry updates from the chief executive of NAEA.

 

IPF Inaugural Property Investment Conference

When: 27/02/2020
Where: Hilton London Tower Bridge
Who for: Estate agents

The theme of this year’s IPF Inaugural Property Investment Conference is ‘People, politics and purpose – changing themes in UK real estate’. From the impact of changing UK demographics to new innovations in the sector, this event is helpful for estate agents looking to get the bigger picture.

Property investment leaders such as Savills and ING Real Estate Finance are providing speakers, making it a great opportunity for those seeking property investment advice.

 

National Landlord Investment Show

When: 19/03/2020
Where: Olympia London, Kensington
Who for: Landlords & Letting agents
Tickets: Free

The National Landlord Investment Show invites participants to network with peers and meet industry suppliers to gain valuable advice and services. Ideal for those interested in the buy-to-let industry, this event is tailored to landlords and property investors seeking maximum return on investment.

At the show you can;

  • Learn about your local property market
  • Meet local suppliers and businesses
  • Attend industry seminars

 

ARLA Propertymark Conference and Exhibition

When: 24/03/2020
Where: ExCel London
Who for: Anyone operating in the private rental sector

This year marks the 25th edition of the ARLA Propertymark conference.

The conference offers attendees the chance to stay updated on changing legislation in the private rental sector and take part in roundtable discussions. One focus this year will be on the changes to section 21 and headline speakers include retail expert Mary Portas and digital business leader Dido Harding.

We’ll be exhibiting in 2020 at stand D13 where we’ll be explaining how our inventory management services could fit into your business.

 

The Property Investor & Homebuyer Show 2020

When: April 2020 (TBC)
Where: ExCel London
Who for: Property investors, estate & letting agents, landlords and suppliers to the property industry

The Property Investor & Homebuyer Show 2020 brings together a wide range of stakeholders in the property sector to network and share ideas. For London letting agents, this event offers the chance to hear from property service suppliers that could develop and strengthen your own service package.

 

The ESTAS Estate & Letting Awards 2020

When: 15/05/2020
Where: Grosvenor House Hotel in Mayfair
Who for: Estate & letting agents, mortgage advisers and suppliers to the property industry

The annual ESTAS awards celebrate customer service by awarding the very best players in the lettings industry. The awards are based on real-life customer feedback, making them a trusted and prestigious achievement.

The final awards ceremony is a glamorous affair, and in 2020 is being hosted by property TV star Phil Spencer. You might even see us there!

 

What Type of Event Should I Attend?

Industry events are packaged differently depending on what’s on offer. Here’s a quick guide to the different event types;

Conferences

A large event gathering members of a particular sector with a shared interest. They usually include talks, seminars and exhibits.

Property Shows

A show can feature talks and exhibits and usually has ‘celebrity’ headliners or speakers.

Exhibitions

The focus of a property exhibition is the businesses attending who are looking to share their products or expertise to gain new business.

Talks

Usually smaller events centred around one specific theme or question.

Awards

Celebrating achievement in the industry.

 

Make 2020 Your Year of Success

It’s time to start planning your upcoming year and make 2020 a year of learning, growth and business success.

And we can help with our range of professional property services tailored to meet the needs of individual letting agents, landlords and property businesses.

From comprehensive inventory reports to property inspections and appraisals, our property services for letting agents are designed to streamline reporting and help you keep on top of current legislation.

Anyone who has worked within the lettings industry will understand the importance of a thorough inventory for rental properties.

And when landlords skip this vital step, major issues can occur. If you’re left facing serious damage at the end of a tenancy without the proper reports, you may lose out on thousands of pounds.

We explore the power of inventories by highlighting a recent high-profile case featuring a former pop star and £70,000 worth of damage.

 

Do I Need An Inventory?

Yes, as a landlord or letting agent, it is important to have an inventory report in place to provide the evidence needed if you need to make a claim on the deposit at the end of the tenancy.

Without a detailed inventory, you could be left having to repair damage out of your own pocket. We’ve created a simple guide on the key components to include and why they’re necessary;

 

Property Management Inventory Checklist

An inventory report must include the following key components;

  • A record of meter readings and keys provided
  • The condition and cleanliness of each room, including appliances, fixtures and fittings
  • A record of the condition of the garden, including any damage
  • A signature from the tenant confirming they agree with the contents of the report
  • A record of the condition of the mattresses if fully furnished
  • Date & time stamped photos of the property and its contents

It must also include essential safety points;

  • A record of furniture and furnishing fire safety labels
  • Evidence that the Smoke and CO alarms comply with legislation (working order & correct placement)
  • A record of loose or frayed carpets, cracked glass or windows, missing keys and inoperable locks

 

Check Out Report

In addition to the initial inventory report and schedule of condition that takes place when a tenant moves into a rental property, you will also need a check out report when they move out at the end of the tenancy.

Following the final inspection, the check out report should;

  • Include a detailed record of the condition of the property
  • Clearly show how the property has changed throughout the tenancy (in combination with the initial check in report)
  • Include recommended actions for landlords and tenants

This report provides a vital benchmark to help assess any changes to the property from the start of the tenancy to the end.

If any deposit disputes arise, these reports should provide clear evidence to help landlords get a fair return on any losses or repairs required.

 

Top Reasons for Tenancy Deposit Disputes

Some of the main reason’s disputes occur include;

  • Cleaning 54%
  • Damage 49%
  • Decoration 31%
  • Rent 20%
  • Gardening 16%

 

Dealing with Deposit Disputes

The security deposit taken at the start of a tenancy is considered the tenant’s money. This means that it can be tricky for landlords to withhold the deposit in response to damage or loss without significant evidence.

You will need to prove there is damage to your rental property above normal wear and tear in order to claim on the deposit.

That’s why poorly compiled inventory reports are one of the most common reasons landlords lose disputes.

Tip: Always enter the deposit into a tenancy deposit protection scheme as this is a legally required step!

 

Celebrity Rental Drama: The Power of Inventories

To demonstrate our point, we’ve got a high profile case study in which a property rental disaster was averted thanks to comprehensive inventory reports.

Former En-Dubz star and X Factor Judge, Tulisa Contostavlos was recently ordered to pay over £70,000 worth in damage to the landlord of her former luxury rental property.

Reported damage to the luxury North London flat included a smashed sink, cigarette burns, stains and doors ripped from hinges. Despite arguing that the damage was normal wear and tear, she was ordered to pay compensation, interest and legal costs to her former landlord.

Key to this case was the presence of a thorough and professional inventory and check-out report.

Clearly, a high rental value is no protection against severe damage, so no matter which end of the market you’re positioned in, covering your back is essential if you want to recover your costs.

Looking for help managing your portfolio of rental properties in London? Find a list of our No Letting Go London offices.

 

What is Fair Wear and Tear?

It can be problematic working out what is considered fair wear and tear as it differs case by case. Some examples of fair wear and tear include;

  • Small scuff marks on walls
  • Naturally worn down carpets
  • Frayed fabrics
  • Faded curtains
  • Carpet indentations

However, when we talk about damage this could include;

  • Broken locks or doors
  • Burn marks or large carpet stains
  • Holes in the walls
  • Broken windows or furniture
  • Poorly painted walls

One of the easiest ways to determine the difference is by commissioning a professional inventory clerk to visit the property and make a detailed report, including photographic imagery at the start of the tenancy.

 

How To Protect Your Rental Property from Damage

There are a few more steps you can take to protect your rental property;

Regular Property Inspections

To avoid a similar situation, making quarterly inspections of the property can help encourage tenants to practice good property maintenance.

Target Long Term Tenants

In addition, targeting long-term tenants who are more likely to treat the property as their home will help to avoid intentional damage.

Keep it Simple

Keep decoration simple and ensure your property is thoroughly clean at the start of the tenancy to avoid any future disputes.

 

Avoid the Risks with A Professional Inventory Service

You’ve heard the warning, now it’s time to cover your back. One of the easiest ways to protect your investment as a landlord or letting agent is to commission a professional inventory company to undertake comprehensive inventory reports and checks.

Our independent inventory clerks across the country are experienced at providing essential reports, checks and visits to help you stay protected from move in date up until the end of the tenancy agreement.

To find out how we could help, browse our list of professional property inventory services to get started.