As trusted local letting agents, we work with a lot of landlords. Finding tenants, managing properties, organising inspections – we take care of each step. However, more and more landlords are choosing to work alone, but is it as easy as they think?
Even if you’re a full-time landlord, finding, vetting, and keeping tenants happy is time-consuming. While there are many online options for finding tenants, there’s a lot to be said for an experienced letting agent taking care of this process for you.
Firstly, agents have a ready-made list of vetted, potential tenants looking for properties, so they are well placed to get your rental off the market and occupied quickly. By getting a letting agent to take care of referencing, negotiating, and rental agreements, you can focus on more enjoyable matters.
Maximising your income
By placing your property on the market with a reputable letting agent, you’re more likely to achieve the monthly income you need, as they’ll be able to market your property in the most professional way. The quality of marketing is often reflected in the number of enquiries from potential tenants.
Also, good agents offer landlords a variety of income protection strategies – such as rent protection and organising deposits. They’re also covered by professional indemnity insurance, so they’ll be checking and double-checking that everything is done properly.
Experienced local letting agents know their market. They know who will be interested in your property and how much they’ll be willing to pay. This is essential knowledge that you, as a landlord, may not have.
Also, if you’re not 100% happy with an agent’s valuation, shop around. Contact at least three agents to find a happy medium and go with who you feel is the most professional. Ask if they can show you comparable evidence of rents they’ve received for similar properties to yours.
There’s a lot to learn about the legal requirements of renting out a property. As experienced agents, we know what certificates and checks need to be obtained and can organise these to be done for you.
At Edward Ashdale, our lettings team offer excellent customer service and expert advice. So, if you’re looking for a new agent to take care of your rental property, give us a call on 020 8466 8445 to see how we can help