What are the benefits of using a letting agent?
Seven benefits of using a rental agentYou ALWAYS get your rent. Your legal requirements are met. The most suitable tenants are found. A proper inventory is carried out.
Regular property reviews are carried out. You never have to call a handyman. A good rental agent can negotiate and mediate conversations between landlords and tenants. This can help solve problems early on — and reduce additional stress for you.
Just yesterday RICS called on the government to make a simple amendment to the Estate Agents Act 1979 to put the rental agent under the same controls as real estate agents. It is estimated that up to 20% of all homes in England are privately rented. This deposit must be deposited with one of three rental deposit guarantee schemes within 30 days, and you must be informed within the same time frame which system your deposit will be withheld in. In this first of two articles, we look at the benefits of using a landlord to manage your rental property.
Almost every landlord has weighed the advantages of self-managing their rental property over using a landlord. Why pay someone to do something you do yourself, huh? Talking to a local letting agent gives you a solid view of the area you’re moving to—before deciding on a rental property. To find out more about how a landlord can help you as a landlord in Wrexham, contact us at growproperty.
If you use a rental agent, the money is taken care of. They can carry out all required rental income on your behalf, track rent arrears, issue notices, or inform you about tenants who are not paying. A rental agent helps ensure that your landlord is compliant and that you can live safely in their rental property. To help you make up your mind, here are just a few reasons why a rental agent can make your next step easier, faster, and less stressful. You can hire an agent to run tenant search services where they just show tenants the property and recommend a tenant, or only allow services where they find the tenant, they move in, but you manage the tenancy.
When you rent your first property, you can focus on expanding your portfolio with the help of a landlord. Moving to a new area can feel like a journey into the unknown. However, if you rent through an agent, you can draw on their expert knowledge of the surrounding area and the available properties that you can rent where you want to live. Full property management can cost between 12 and 20 percent of the total rent, depending on which region and which managing director you choose. Here, Warrington rental agents, Easylet Residential, explain why landlords should turn to the professionals and how tenants can benefit from it.
So this is a post that celebrates everything that is (or can be) good about a rental agent and why they’re a good idea for many landlords. If there’s a problem, tenants need to know that the person they’re contacting is dealing with the issue — and that renting through a realtor has peace of mind. This is the Rolls Royce of rental where you can expect to completely take a lot of the work out of your hands. If you rent through a rental agent, you can also rest assured that your deposit is fully protected for the duration of your rental contract.
Letting agents have property management teams that deal with maintenance and repair issues — as well as strong relationships with reputable local craftsmen and contractors, so you can be sure that any issues you have will be resolved quickly and professionally. Your rental agent also has all the documents and systems to set up your lease quickly and manage it efficiently throughout your stay.