Employing the services of a letting agent is very beneficial to a landlord. Letting agents provide a range of services that can help a landlord manage his property in a stress-free manner. The services of a letting agent include: property preparation, vetting of tenants, marketing and advertising, and day-to-day property management. The benefits of using a letting agent are:
1. Help you to prepare your property for rent.
Letting agents will help you prepare your property for letting. They are trained to know the standards your property needs to meet and will help you meet the standard before letting. Letting agents helps you change the little things that make the difference.
2. Helps market your property faster.
Letting agents are professionals in property marketing. They make use of many advertising channels to market your property. This means your property will be rented out faster.
3. Proper vetting of prospective tenants.
Letting agents are experts in vetting of tenants. They carry out the vetting and referencing process stringently; this equates to attracting reliable tenants. It also reduces the possibility of having bad eggs as tenants.
4. Help you to handle legal matters.
Letting agents are up-to-date in legislations and regulations that concerns landlords. They can help you properly handle legal issues like: certifications, landlord insurance, tax, drafting of inventory, rent collection, dispute resolution, and tenancy agreement. If the issue of eviction arises, the letting agent knows the correct legal procedure.
Finally, letting agents make sure that your property is properly maintained. Whenever a tenant is moving out, the letting agent makes sure the end of tenancy cleaning is properly done. A good letting agent is indeed a blessing to a landlord!