Renting a property can be a complicated and time consuming process, but using an agent can help you reduce a lot of these risks. Even though most tenancies run without any problems, an experienced agent will make sure to let your property faster, for more money, to a good reliable tenant. If you ever had a rough tenancy you will are able to understand how important a good lettings agent is.How much will it cost to get an agent?
Hiring a lettings agent is not as pricey as you think and what it will cost you in pounds, will save you in time and stress.
Letting agents are a very good investment if you are a landlord and demand:
- To relieve anxiety and frustration
- Management and instructions
- Fell completely safe if anything goes wrong
- Not to worry if your property is far away from where you live
- Never deal with tenants
- To have more free time
- Legal procedures covered, taking care of deposit and payments
A qualified letting agent will start by giving you a detailed look on the market and an honest opinion of the expected monthly rent that your property could potentially achieve. They will also have the skillset to offer the ideal type of tenant for your property.What can an agent offer you?
You can expect from a skillful agent to give you a very detailed plan to find out what is the best way to increase the monthly rent. They will regularly give you valuable ideas that will boost your property to the market and an ideal of how many viewings you should expect your property to get.
A few good photographs and floor-plans are the main aspects of advertising your property in the best way possible, so that you can attract as many tenants as possible and a single agent is able to do this on your behalf. A floor-plan can also significantly help to get the right tenants due to the fact that it give such a great perspective of the space available.
When you find a tenant, it is essential to make sure all their references are legit. A lettings agent will have the ability to professionally reference any future tenants on your behalf and will also be easy to offer any instructions around tenancy indemnity or a need for a guarantor.
Experienced agents will be able to register successfully the tenant’s deposit and protect you from the any fines you might face if you don’t register the deposit. The majority of the relationships between agents and landlords work very efficiently but you always feel free to access a redress scheme if you are not happy with some of their services.
Agents are able to prevent any unwanted relationship issues with tenants as they know which request from a tenant should be fulfilled, and what to refuse. When your agent is responsible for collecting the rent you know that there will be no delays or any kind of problems with payments. They will make sure to protect you legally and provide you with the best chance of recovering any loss or getting back the possession of the property.
As you figured out by now there is a lot more when renting your property than stressing about the broken boiler. Having said that you could easily underestimate the importance of a good lettings agent who can co-ordinate any maintenance issues. Most agents will have great relationships with any local contractors that they collaborate with to get the work done effectively.
A strong and experienced agent can efficiently manage the relationships with the tenants, this leads to satisfied tenants who will stay in your property for longer periods of time and make sure your property doesn’t stay empty for long. If a tenant gives notice ahead of time, a good agent will always release your property to the market as soon as possible. They can take care of the deposit and reference checking to give you the best possible chance of finding the ideal tenant.