The Benefits of Property Management in Edinburgh’s West End
The West End is a neighbourhood located in the western part of Edinburgh. It’s known for lush tree-lined streets, elegant Georgian architecture, and upscale residential properties. Plus, it’s the home of some of the most famous landmarks in the Scottish capital, including the Scott Monument, Princes Street Gardens, and the Royal Botanic Garden.
The West End is a great investment area. It’s known for high-end shops, bars, and restaurants and is a popular destination with both locals and tourists. It’s one of Edinburgh’s hidden gems, filled with stylish, colourful boutiques and some of the best pubs in the city.
The West End has a low crime rate and is a relatively safe area. It’s an attractive investment opportunity for landlords, as due to the popularity and high demand for housing in the area, rental prices in the West End are typically above average for landlord. You can expect to get anywhere between £900 to £1500 per calendar month for a one-bedroom flat.
Why Renters Love the West End
The West End is a popular, desirable location for renters. Proximity to landmarks and things to do, along with excellent transport links into the city centre make it a convenient location for locals and visitors alike.
Renters also choose the West End for its elegant architecture, leafy streets, and luxurious properties. And the high-end cafes, restaurants and bars in the area attract tenants who’re willing to pay more for an upscale place to live. It’s easy to get to and from Edinburgh’s universities and colleges, making it a popular location for students, too.
Why Work with West End Property Management?
The West End poses an excellent investment opportunity, but there is a lot of competition in this area. If you’re considering investing or have already invested in property in this desirable Edinburgh neighbourhood, a West End property management company can help you get more from your investment.
Working with property management companies in the West End gives you access to the following services:
Marketing and Advertising
With so many renters flocking to the West End to find somewhere to live, making your listing stand out is crucial. A good West End property management company will help you achieve this. They’ll have access to resources and professionals such as videographers, photographers, and creative copywriters who’ll make your property stand out among the competition. Plus, they’ll take care of advertising your property online and offline, arranging viewings with potential tenants, and showing them around.
Tenant Screenings and Agreements
Getting the right tenant for your West End property is essential. Whether you’re looking to rent on a short-term or long-term basis, to professionals or students, it’s important to find a tenant that you can rely on and trust to look after your property and pay the rent on time. While it might not always be possible to determine how good a tenant is until they’ve moved in, working with property management companies in the West End can help improve your chances of getting a good one.
They’ll carry out all the necessary checks including background, income and employment, affordability, and reference checks to ensure that your potential tenant is a good fit. And, once the checks have been passed and the tenant is ready to pay a deposit, they can handle the entire process. They’ll collect the deposit and first month’s rent, take an inventory, and provide the tenant with their agreement to sign, plus any other necessary documentation.
Regular Property Upkeep and Maintenance
One of the main areas that a West End property management company can help is with regular upkeep and maintenance of the property. Properties are always subject to some wear and tear, and the right management professionals can keep on top of this and ensure that your rental value does not drop over time as a result. This could include making any necessary repairs to the property, having it professionally cleaned in between tenancies, and redecorating as appropriate. If you are renting out a furnished property, they may also be able to provide and maintain the furniture items.
Handling Legal Issues
A good West End property management company will be able to handle all legal issues relating to the property on your behalf. This could include everything from ensuring that your property has the correct license to handling the legal aspects of evicting a bad tenant. For landlords, there’s a lot to keep up with in terms of the law and staying up to date is not always easy. Your property management company in the West End will stay abreast of all the latest developments and changes. They’ll ensure that your property remains compliant and within the law.
Handling Emergencies
No matter how many preventative measures you or your tenants take, emergency situations can always happen in a property. Things like burst pipes, broken-down boilers, blown windows, a leaking roof or broken door locks can happen as part of the property’s normal wear and tear. But they can often happen at inconvenient times – leading to you being woken up in the middle of the night by a panicked tenant. With a good West End property management company, you don’t need to worry about this. You’ll get peace of mind knowing that any emergencies, at any time, are being handled by a friendly and professional team dedicated to looking after your property and tenants.
How Will a West End Property Management Company Benefit Me?
As a landlord, you can benefit from working with a property management company in the West End in many ways. Some of the biggest advantages are:
Peace of mind: With experienced professionals looking after your property, you can worry less about things going wrong, and enjoy your life.
More time: Instead of having to be available to help tenants out at the drop of a hat, you can leave all issues, maintenance, and more to the property management company.
More rental income: By investing in professional advertising for your West End property, a property management company can increase your chance of keeping it occupied and earning more in rent.
Have you invested in or are you considering investing in property in the West End? At UpperKey, we’re here to help you reach your goals. Contact us today to find out more about how our property management services could benefit you.