A letting agent can advise you whether your property is up to a suitable rental standard, and can also advise if any maintenance work needs doing in order to protect your investment.
Remote property management.
A letting agent can manage your property if you don’t live nearby. Relying on family and friends to manage your property can put a big strain on relations!
Minimise periods of no rent.
A letting agent’s marketing experience will help minimise rental voids. A month or two without tenants or rent will often cost more than your annual letting agent fees.
Rent guarantee.
More and more letting agents are offering a guarantee of rent in case the tenant doesn’t pay. These “guarantees” vary from agent to agent, some are worthwhile and some are not.
The Property Witch Top Tip: If a letting agent can’t explain in plain English how their rent guarantee works then don’t take it out!
Achieve the highest rental income.
Letting agents (should) know the local market and they work on commission so they are incentivised to achieve the highest rent price possible for your property. Don’t be fooled by agents claiming they can get you an over inflated rental income just to attract your business. If it sounds too good to be true, it usually is!
Large advertising reach for your property.
Letting agents have the spending power to advertise across a variety of property related media. Some property advertising portals such as Right Move don’t allow landlords to advertise so it is necessary to use a letting agent to access that market.
The Property Witch Top Tip: Ask a potential letting agent where and how they will be marketing your property.
Access to reliable tradesmen.
A letting agent provides their preferred tradesman with a lot of regular work, so it is in the tradesman’s interest carry out that work to a high standard if buy discount cialis they want to continue their working relationship.
Tenant checks and tenant references.
Letting agents will perform tenant check and ask for tenant references to reduce the risk of putting a bad tenant into your property. They will also carry out regular property inspections to ensure that your tenants are looking after the property in a suitable way.
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