Letting you have peace of mind
Buying a property is often the biggest investment a person will make in their life so handing over the keys to a complete stranger is understandably a little daunting.
But Inverness lettings specialist, Tughan & Cochrane Ltd, can provide peace of mind. This family-run business along with its excellent team of staff, manages an impressive portfolio of high quality properties ranging from studio apartments to penthouses and luxury five bedroom houses. However, it is not simply the quality of properties that sets Tughan & Cochrane Ltd apart but the close bond of trust established between client and company.
“It is all about service,” principal, Alice Cochrane says. “We have a very personal approach and are very hands on. We answer the phones so landlords and tenants can get hold of us at any time- Most of our business has come from recommendations from existing clients.”
Originally Tughan and Co, Alice took over the business in 2004 building on its small but successful reputation. In just seven years, the company’s portfolio is now six times the size with an impressive collection of over 400 properties throughout the Inverness area and further a field in Fort William and wider Highlands, The company provides a comprehensive management service including advertising and marketing the property, landlord accounts, lease drafting, full maintenance and servicing.
Sourcing and vetting tenants is a key part of the process and Alice works closely with her landlord clients to ensure their personal criteria is met such as non-smokers/ pet or child free tenants. In addition, all tenants must be in employment and have references which will be checked.
Tughan & Cochrane Ltd also provides a corporate letting service for business clients which include the Ministry of Defence. As well as providing a full management service, the company prides itself on the quality of its properties-not simply size or location – but maintenance and servicing.
The company has built up a long-standing relationship with a network of local tradesmen to ensure each property is maintained to the highest level and tenants can be sure of moving into a pristine property. Having built up a strong network of tradesmen Tughan & Cochrane Ltd can also ensure clients receive the very best discounts on work carried out in their property. Despite the impact the recession has had on the buy-to-let market in some parts of the country, the sector has remained buoyant in the Highlands and looks set to continue with the constant migration of people to the area showing no signs of diminishing. In addition, Alice’s background in banking and mortgages means she has a comprehensive knowledge of the properly market and understanding of why many people have opted to supplement their income or pension by investing in a buy-to-let property.
“Due to the changes in the housing market we are finding that clients are choosing to rent their properties rather than selling them. Conversely professionals coming to the area are choosing to rent rather than buy at this time. Letting appears to be the preferred option which is extremely good for out family business,” Alice continued.
“Many of our clients are based abroad or ex-pats who want to keep a home in Scotland that they can come back to. “We have long-term relationships with our clients, most of whom are serious investors in property. They invest in a portfolio of properties for capital growth. “We are in a unique position in the Highlands and the bottom has not fallen out of the market here. “Investing in property is as safe a place as any right now and you get a much better return for your money!” Due to continued growth the firm moved to larger premises recently.
Holding the key to success “It is all about service. We have a very personal approach and are very hands-on.” principal, Alice Cochrane added.