5 Tips – Choosing a Letting Agent
As a landlord, choosing a letting agent can be a daunting process especially if you are new to this. Foremost Lettings are here to help, we have put together some top tips to consider when choosing a letting agent.
1. Agent Location
Whether you have just one or multiple properties, it is important to choose a letting agent who will work hard in your area. For example, some letting agents cover a vast area and some will only cover their local town. Do some research on letting agents in the areas your properties are in, this can make a real difference if the letting agent is going to be advertising your property and their knowledge of the area.
2. Trading Standard Approved
It’s important to recognise whether the letting agent you are looking at using has been trading standard approved. It also become mandatory for letting agents to have Ombudsman in 2007 by the Consumers of Estate Agents. This allows any complaints to be dealt with quickly and easily through the scheme. If the letting agent does not have this then it might be worth wondering why.
3. Choosing an Agreement
It is important to know what you want your agent to be dealing with. Some letting agents will cover all your paperwork especially in the first instance, this may include credit checks, taking references, employment details, drawing up a tenancy agreement and much more. Some lettings agents like us here at Foremost Lettings, have a Full Management Service which can be key to successfully managing your property.
4. Marketing and Advertisement
Does the letting agent do well with their advertisements? Do they use property portals such as Rightmove? It is important as a landlord that the quiet periods where there are no tenants in your property are kept to a minimum, especially if you are relying on the income provided by the rental.
As yourself a few questions:
Where does the letting agent advertise? It is important to know they are strong with their advertisements. This will ensure that as many prospective tenants are seeing your property as possible.
Are they pro-active in their advertisements? Ask yourself: How often do they update their advertisements or website? Are they quick and efficient ensuring your property is online and being viewed by as many people as possible?
Do they use letting portals? Property portals can be a fantastic way of advertising as most people looking to rent will start here with their searches. There are many to choose from, ask yourself whether the agent uses property portals to ensure your property is seen as much as possible.
5. Repairs and Maintenance
Every property needs repairs and maintenance no matter how careful you are as a tenant. Depending on the services you require you may want the agent to handle all repairs and maintenance within your property. This may include annual gas safety checks and property checks. Ensure you are clear if the agent will handle regular checks and inspections of your property to make sure the tenant is keeping the property in good order. Letting agents should have a list of contractors who can be called if there are any maintenance issues or fixes required.
Foremost Lettings are here to help, if you have any queries please feel free to contact us.