We make investing and managing your property portfolio as stress free as possible. From helping you find the perfect property and listing it, to project managing renovations and ensuring your tenants pay on time. Our Lettings Management and Property Investment services are here to make life easier for you.
Lettings Management Property InvestmentLettings Management
If you already own a property ready to let, Lettings Management allows you to reap the rewards of your rental without worrying about the day-to-day admin. We offer three packages of Lettings Management to suit a variety of budgets and desired involvement with tenants.
(If you are currently looking for a Buy to Let property, head to our Property Investment section).
SILVER
If you enjoy managing your own tenancy agreements, move-in files and the ongoing tenancy admin, but need a hand in listing your property and finding the right tenants, this is the package for you. Includes:
- Expert rental valuation
- Advertisement of property
- Pre-qualification of prospective tenants
- Managed viewings
- Tenant assessment and checks
Price: A one-off Tenant Find Fee of one month’s rent (up to a maximum of £1,000 inc. VAT)
GOLD
Upgrade your Silver package with our additional Gold services:
- Set up of tenancy agreement, completion of move-in file and essential paperwork
- Register deposit with DPS (required by law)
- Professional inventory completion including photo evidence
- 6-12 month property inspections with comprehensive reporting
- Invoicing tenants for rent and collecting payment
- Chase and manage arrears to the point of legal action
Price: 75% of first months rent (maximum £800) + Management 8%+Vat (9.6%)
PLATINUM:
Sit back and relax as we take care of finding your tenants, getting them settled and any maintenance requests or queries that arise throughout their tenancy. In addition to what’s included in the Gold package, we offer:
- On call 24/7 for tenants’ property maintenance requests/emergencies
- Liaising with tenants to resolve any issues that arise
- Liaising with appropriate maintenance contractors where necessary, even your own preferred
- Obtaining two quotes for larger jobs
- Timely arrangement of EPC, electric and gas safety certifications (required by law)
Price: 75% of first months rent (maximum £800) + Management 10%+Vat (12%)
Project Management
Does your property require a little work to get it ready for new tenants? Entrust the management of your renovations and upgrades to Cornerstone’s experts.
Our most recent project management client was a missionary in Uganda. We assessed the improvements required at her property and encouraged her to invest back into it. We managed the project of improving the property and this resulted in a higher rental price. The house also saw an initial increase in value of £10,000, which later increased by £25,000 when the property was sold.
Get in touch to discuss your project.
Withdrawal Fees
We hope that everything goes to plan and therefore withdrawal fees are not needed. However, if you instruct us to manage the early termination of a tenancy on your behalf, this incurs a minimum fee of one month’s rent. This cost covers the admin required when a tenant leaves your property and finding your new tenant. Where the tenant has been resident for 6 months or more, written notice to terminate the agreement will be required and a 3 month notice period applies.
We are happy to provide any additional services and support you need. If not listed below these will be priced on an individual basis. Extras (inc. VAT):
- Transfer of management in / create a new file: £180
- Inventory: £120
- Energy Performance Certificate (EPC): £96
- Gas Safety Certificate: £90
- Additional / amendment of documentation: £60
- Duplication of keys: cost + £10
- Additional property visits or errands on your behalf: £60 each
As a landlord, you agree to indemnify Cornerstone for any additional costs incurred in the performing of our duties.
Property Investment
Unlike other estate and lettings agents, Cornerstone is a safe haven for landlords and investors thanks to its Managing Director Shereen Pitt.
In addition to personal experience as a private landlord, Shereen spent years working as a private banking manager for high-net-worth clients and was accredited with the Chartered Banker status. She also set up the original NatWest Buy to Let Events, designing the programme specifically to help investor clients.
Talk to us today about reviewing, consolidating and expanding your property portfolio for maximum profitability.
Expert Consultations
Property has been a long-trusted route for investors. However, in today’s turbulent climate it’s more important than ever to choose your investments wisely.
Analyse your financial status and achieve your investment goals with our trusted Property Investment Consultation service. In your consultation sessions, utilise Shereen’s expertise to establish how you can make the most of your capital, set goals and lay out a financial plan to futureproof your investments for years to come. Her advice and connections are simply invaluable and make for a service that’s truly unique in the estate agents’ sector.
Investment Property Sourcing
Properties that have not yet been listed are where you really want to be looking. But how is this possible, and when do you have the time to research?
Our Investment Property Sourcing service is an effective way to save both time and money when looking for your next property. In your free consultation, we form a profile of your perfect purchase and keep an eye out for any suitable property listings before they hit the wider market. This provides valuable negotiation power for you, right from the start. Pair this with our Lettings Management services and you’ve a hassle-free way to grow your portfolio and maximise profits.
Mortgage Advice
Ready to renew the mortgage on your current property, or ready to buy the next? Get in touch today and chat with our expert in-house mortgage advisor who will recommend the best course of action for your next agreement.
