How to be a landlord in Scotland

How to be a landlord in Scotland

Whether you are purchasing a property to rent as an investor or you are renting your home due to personal circumstances, learning how to become a landlord in Scotland is an exciting prospect given the strength of the rental market in and around Edinburgh.

In this article, we’re going to be talking about finding a property, getting certified & look at why you should choose us. By the end of this article, you will have the tools to be able to get started.

Braemore are Edinburgh’s premier letting and sales agent, with over 2500 landlords choosing to use our services. It’s because of that that we want to help those who are looking for a helping hand to kickstart their journey.

Getting the value on a property

When considering how to be a landlord in Scotland, the first thing to do is to seek professional advice on the value of the property that you are looking to rent.  Use a well-established agent for this. Any reputable agent will do this free of charge and will also be able to offer advice on any works required and what items of furniture to leave to maximise the rent return.

If you are purchasing a property, there are certain areas that will appreciate in value better than others and there will also be areas that offer a better yield. This is where an agents advice is key. You will have to provide your agent proof of ownership and also photo ID before they can act for you. This is due to money laundering regulations.

Getting certified

Before a rental property can be marketed, landlords are required to have a Landlord Registration number and an Energy Performance Certificate.  Once these are in place, the property can then be marketed to potential tenants. Professional photographs and a detailed description are vital to ensuring that you attract the best possible tenants.

Why choose us?

At Braemore, we hire a professional photographer and also carry out floorplans and virtual tours to ensure that your property looks its best. We also ensure that a professional copywriter decides on the wording. Again, this is to ensure that our adverts stand out from any other property on the market.

Once a tenant has been secured and has completed the necessary reference checks, you must ensure that the property is up to date with current legislation. There are a few safety certificates required:

  • EICR (Electrical Installation Condition Report)
  • PAT (Portable Appliance Test)
  • Legionella
  • Landlords Gas Safety Certificate with CO alarm
  • Mains or 10 year smoke alarms in each hallway and lounge with heat detector in kitchen

Again, any reputable agent will be able to arrange these certificates for you. With all this in place, you are well on your way to learning how to be a landlord in Scotland, your tenant can now move in and you can sit back and let your agent deal with the day to day management of the property!

Braemore are Edinburgh’s Premier letting and sales agent with over 2500 landlords choosing to use our services. Our dedication and professional team can oversee all aspects of becoming a landlord from the initial market advice and rental valuation right through to the day to day running of your property to ensure a smooth tenancy which in turn equates to a happy tenant..and happy landlord!

We hope this has helped you understand how to be a landlord in Scotland, and hope you don’t hesitate to contact us if you need further help & guidance.