Letting Agent Diary: Behind the Scenes of a Typical Working Week at Piccolo

To describe this job in a single phrase, it would have to be ‘never a dull moment’. Aside from opening the office, making a coffee and checking new messages, no two days are ever the same. Meeting new people and being out and about in the local area are two of our favourite things, but the icing on the cake is handing over the keys on moving day. It’s such a moment of joy for everyone – the landlord, the tenants, us – as a whole new chapter begins.

The lettings world moves much faster than sales, but letting agents have far more paperwork and responsibility. With no solicitors checking contracts, it’s down to us to get everything right, and all while keeping up the pace. There’s a lot more to lettings than showing people around beautiful homes, so join us for a glimpse behind the scenes to see how it all comes together.

VALUATIONS & NEW LISTINGS

A big part of our week is meeting new landlords. Seeing new properties is one of the best parts of the job and getting them ready to go on the market is even more exciting.

Lettings used to be a complete free-for-all, but more and more landlords want to work with a single agent they can trust and build on a long-term relationship. Being able to show examples of other homes we’ve let and manage nearby shows landlords that we get results and that our advice makes sense, so a lot of time goes into preparing for every appointment.

While we’re on a valuation, we will often advise on ways to improve a property to achieve the highest rent and the best tenants. We’ve built up a fantastic list of local contractors over the years, and it’s really rewarding to see our recommendations come to life while managing the projects.

Once we’ve got a landlord’s go-ahead and the keys, speed is of the essence. We don’t wait until the photos and description are uploaded to the portals; we get straight on to our list of potential tenants to start booking in viewings. It’s all about minimising void periods and keeping our clients’ income flowing.

ENQUIRIES, VIEWINGS & OFFERS

There are numerous new enquiries every day, either by phone or email, but not every viewing request is a good fit. Before we take anyone to see a property, we make some basic checks with every potential tenant to avoid booking wasted appointments. These include:

• ensuring the property matches what they’re looking for
• confirming their timescale around a moving date
• clarifying their budget
• checking their employment status
• asking how long they’re looking to stay somewhere

When the application form comes in, it’s good practice to double-check the facts to ensure the tenants are suitable before recommending them to a landlord.

TREMENDOUS TEAMWORK

Although we all have our individual roles, everything anyone does affects the whole team, so constant communication is crucial.

As well as updating each other immediately on all the new listings and offers agreed, we get together at least once a week to discuss all the goings-on:

• feedback from viewings to keep landlords informed
• upcoming moving-in days
• notices given by tenants or served by landlords
• potential and actual disputes
• maintenance issues and recommended works or improvements
• changes in legislation and latest lettings news

Together with everyone working here, our landlords are also part of the team. We’re all working towards the same goal and keeping in touch with them regularly ensures they feel connected and valued.

PAPERWORK PERFECTION

There’s a lot of paperwork involved in lettings, and there’s no room for error: it’s absolutely vital to make time in our week to keep up with the latest news and changes in the law.

Most tenancies end amicably, but plenty of landlords come unstuck through an understandable lack of knowledge around the ever-changing legislation. Each tenancy needs to start on a solid footing, so every application goes through the following process:

• detailed application forms
• employment and landlord references
• credit status check
• proof of identity
• signed tenancy agreement
• payment of first month’s rent
• completed standing order mandate
• comprehensive inventory signed by the tenants
• security deposit paid, registered and protected

Any amendments during a tenancy also need to be handled correctly. From a change of tenants in a shared house to formal renewals and serving notices, everything needs to happen in the correct order, with accurate wording and at the right time.

INSPECTIONS, MAINTENANCE & EMERGENCIES

As well as viewings and valuations, our diary has a lot more going on. Every rental property needs looking after because they only ever get older, which means regular check-ups, conscientious management and a hint of diplomacy.

Interim inspections

Visiting a property every four months during a tenancy helps us spot and rectify any potential problems early on. It’s also an opportunity to catch up with the tenants, ask how they’re enjoying their home and see if they’re planning to stay or move out. This helps us to schedule any future works and keep the property in mind in case a potential new tenant gets in touch.

Maintenance

As well as general upkeep and repairs, we need to keep an eye on legal compliance (400 pieces of legislation and counting!) In particular, valid certificates for gas safety, electrical installations and energy performance are essential to ensure every property complies with the law, so these all go in the calendar in good time for their renewal.

Emergencies

Fortunately, emergencies are few and far between when properties are managed correctly. But whenever the unexpected does happen – rarely at a convenient moment! – it can be an extremely fine line between a genuine emergency and an urgent repair. We need to balance that with keeping tenants assured that we’re on the case, and landlords confident that we’re managing their investment correctly. Not always easy!

Would you like to meet?

Now you know all about us, we’d love to know more about you. It’s always a highlight to meet new landlords and help them get their rental properties working harder and smarter: after all, that’s the whole idea!

If you own a rental property or buy-to-let in the Salisbury or Wilton area and you’d like to know if it could perform any better, why not get in touch? Call us on 01722 580059 or email us at info@piccoloproperty.co.uk for some friendly and expert advice that could seriously improve the value and yield of your investment.