Five reasons why landlords should consider using a letting agent
There is a time and place for DIY.
Usually on a Bank Holiday weekend and often done half-heartedly.
And while some Do It Yourself efforts save you money and can even be enjoyable (so we're told), we advise against going down the DIY route if you are a landlord.
Below are 5 reasons why landlords should consider using an experienced lettings agency.
1) Staying legal – There are more than 300 rules and regulations affecting rental property in England. Don't fall foul of them as you can be hit with hefty fines and imprisonment in some extreme cases. We've seen and heard of many self-managed rental properties that are ticking time bombs in terms of their legal compliance and safety. Let a letting agency take this burden off your shoulders.
2) Marketing matters – You could place an advert on a local forum or in the newsagents' window promoting your property. But this is highly unlikely to attract you the best possible tenants willing to pay a good price to rent your property. Instead, a skilled letting agency will create marketing materials, including professional photography, detailed property listing and have a strategy in place that will grab interest and create demand. This means more people will be vying to move in, meaning you have a selection of tenants to choose from who are willing to pay a premium price.
3) Better tenants – A knowledgeable and conscientious letting agent will properly reference any prospective tenant. This reduces the risk of ending up with a bad tenant considerably.
4) Less hassle – The last thing you want on a Saturday evening is to be disturbed with a call saying the boiler has broken down in your rental property. A good letting agent will have plans in place so that you aren't bothered and that any problems get resolved quickly.
5) Protecting the asset – A rental property is a valuable investment when handled and looked after correctly. A letting agent will arrange and conduct regular property inspections to ensure your investment is well looked after.
Since 2008 we've been looking after landlords in and around Attleborough and with trading since 1979 we have a wealth of local knowledge. Contact us today to find out why hundreds of local landlords use our services to make their lives easier.