Letting Your Property with Stephensons

October 12, 2023

Renting your property and navigating the ever-changing landscape is becoming increasingly challenging. With tighter regulations, requirements and expectations, and further changes on their way, it’s no wonder that more and more landlords are choosing to leave the market. The high mortgage interest rates are squeezing landlords further and pushing owner occupiers back into the rental sector, causing a higher demand for high-quality rental properties than we’ve ever seen before.

The perfect storm of landlords leaving the market and owner occupiers having to sell up and move back into rented accommodation is causing an enormous supply issue, which hugely benefits the landlords retaining their properties, providing they keep up with the fast-moving changes to regulations.

Renting your property in 2023 and beyond offers more opportunities than ever. The lettings market is booming, and demand far outstrips supply. Still, whether you’re a seasoned landlord or considering it for the first time, support, guidance, and expert insight on the market is crucial, not only to make sure you’re compliant and delivering the best experience to your tenant but also to ensure you’re getting the most out of your investment.

At Stephensons, we manage over 250 rental properties for landlords, offering everything from a fully managed service to our let-only service. Our industry expertise, forward-thinking and dynamic approach, and unrivalled marketing toolkit mean that we can take the worry, stress, and uncertainty out of being a landlord and make it the seamless, enjoyable, and fruitful experience it should be. Here is what you can expect when choosing Stephensons to let your property:

Exceptional service, expert guidance.

Support at every step.

We understand the importance of giving you and your property the time, attention, and care it deserves. We tailor our service to ensure that we support you throughout the entire process, from the initial valuation to the ongoing management.

Our expert team constantly has their finger on the pulse to keep up to date with regulatory changes, market trends, news, and updates, and we will always keep you notified and help you plan for and navigate the changes.

Unrivalled marketing.

Our landlords benefit from our industry-renowned high-quality and bespoke marketing, from professional photography and premium video tours to exposure on our social media platforms, generating over 70,000 views per month.

We work with the business’s best content and strategic marketing teams to craft slick, modern, and originally shot video reels for Instagram, Facebook, LinkedIn, and TikTok and your dedicated RightMove and OnTheMarket listing. You can find out more about our marketing approach here.

We take care of you.

With new regulations coming soon potentially making it more difficult for landlords to protect themselves against bad tenants, we prioritise protecting you, giving you the peace of mind that everything is taken care of, and removing the worry and stress.

Our Rent Guarantee scheme gives you cover on unpaid rent and full legal cover, should it ever reach the point where you need to evict tenants from the property.

Fully managed service.

We understand that sometimes you need to rest assured we’re taking care of everything, which is why many of our landlords are now opting for our Fully Managed Service, where we take care of the complete package, from re-letting and viewings to rent collection, inspections and maintenance. We also serve tenants with all the correct documentation and certificates, so you don’t have to.

A note from Iain.

“We expect to see many current trends continue through the next 12 months. With rents continuing to rise due to demand and landlord costs increasing, landlords will have to start to prepare for the incoming Renters Reform Bill, which, in some cases, will mean they need to make property improvements. I also expect this to push the landlords who stay in the market into a fully managed lettings service to ensure they comply with all regulations.

Suppose interest rates stay as high as they are. In that case, unfortunately, we will see further examples of owner-occupiers selling their homes and moving into rented, which will cause increased demand for family homes to be more readily available in the rental sector. Properties on the city’s outskirts with more outside space will become more popular, over the city centre apartments. You will still see the young professional renters, but I expect to see more families in the rented accommodation short term whilst interest rates drop off.”

This month’s featured properties

Linton Woods Lane, York

Newly renovated and spectacularly finished, this 4-bedroom semi-detached period property, formerly an old farmhouse, is the perfect family home in a wonderfully rural location.

This beautiful property, offered for £2,100 per month, boasts a spacious entrance hall, a large dining room and kitchen space, utility, four double bedrooms and two bathrooms. We advise early viewing, and you can view the complete listing here.

Biba House, St. Saviours Place

This 2-bedroom city centre apartment in a highly sought-after development listed for £2,000.00 per month is just minutes from the iconic Shambles in York and is fully furnished, with concierge, gated allocated parking, and lift access.

Situated on the first floor, it provides abundant natural light, a high-end kitchen and a spacious living and dining area. If that wasn’t enough, it’s also finished incredibly throughout, with a smart speaker sound system, built-in appliances, and quality fixtures and fittings. See the complete listing here.

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If you want to let your property or need expert guidance and support with no obligation, contact our dedicated lettings management team on 01904 625533.

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Stephensons Estate Agents