DJ Alexander launches incentives for landlords switching management provider
With more than 40 years' experience in the Scottish market, the family-run sales and property management provider now has offices in Aberdeen, St Andrews, Edinburgh and Glasgow, as well as an impressive 99.99 per cent average occupancy rate across its lets.
Whether joining the rental market for the first time or simply switching provider, DJ Alexander can supply landlords with their own dedicated property management team to support them at all stages of the rental process for both individual properties and portfolios.
For anyone considering the future of their property, the firm’s head of new business, Ben Alexander, believes now is the right time for them to put their dwelling onto the rental market perhaps instead of the sales market, to not only maximise the sales value when sold but also to gain a monthly income in the meantime.
“The sales market has slowed down as traditionally happens at this time of year due to seasonal demand,” Ben explains.
“We have seen that achieved sales prices have slowed down, maybe a little bit earlier and harder than in previous years, and we don’t anticipate for the achieved sales prices to bounce back quickly in 2024."
Renting a property can provide not only a monthly income, but could even help a homeowner to achieve the highest possible sale price once the market returns to its strongest levels for any property type.
Thanks to DJ Alexander’s experienced experts, renting a home can also ensure it is cared for in the long-term and can help prevent landlords having to pay for costly refurbishments down the line.
The team is on hand during a market appraisal to offer a wealth of advice on how to improve a property to attract the right tenant and, ultimately, to improve the property yield.
“Landlords should be considering maximising the rental income which can be achieved through the property itself - whether that is through modernising it or giving certain aspects of the property a facelift,” Ben maintains.
“They don't necessarily need to be installing a costly new bathroom or kitchen but even upgrading the furniture can help.”
Winter also traditionally sees a slowing of the rental market, meaning landlords also need to adapt to the season and maintain high-quality homes.
As well as offering advice on how to make the most out of a property, DJ Alexander can help source the best tenants.
Ben adds: “While we aim to maximise the return of a landlord's asset in the short term, we also want to help them maintain it in the long term by attracting the right quality of tenant, and offering a property to the rental market in a condition that will attract a good quality of individual.”
Landlords who already have tenants but are looking to switch management can be assured that DJ Alexander will ensure the process is as smooth as possible to benefit all parties, with no disruption to the tenants.
The firm’s team will carry out an inspection of the property to offer landlords a “clean slate”, which is particularly beneficial if it has been let out over a long time, or the landlord has been with the same provider for many years.
DJ Alexander has helped more than 3,940 tenants to secure a new home in the past year with an average tenancy of two years on average, which is testament to the firm’s decades of experience.
The business began in 1982 when David Alexander, now chief executive, opened the first office in Leith. Now, more than 40 years on, the company’s website now receives more than 48,000 monthly visits.
Ben Alexander adds: “With four decades of expertise, our service has always been based around a professional yet friendly approach. We use that expertise to maximise exposure properties have on the rental market as well as minimising the potential risks of renting a property out.
DJ Alexander is currently offering incentives for landlords looking to switch property management companies with tenants in situ.
To find out more, contact the team today to discuss any property management or estate agency needs further by calling Ben Alexander on 0131-558 3000 or emailing [email protected] or [email protected].