As a landlord taking care of tenants in one or more properties, you’re probably aware that using a letting agent can make managing your property portfolio much simpler and more profitable in the long run. But if you’re currently running the whole business yourself and are on the lookout for a professional helping hand, how do you know you’re choosing the best company for the job? There a few key questions to ask yourself before making a decision – take a look at our top 4 tips below:
What do you want (or need) your letting agent to do for you?
Letting agents can take on a wide range of responsibilities – from minimal work carried out on a one-off basis or helping you to achieve full occupancy to full property or portfolio management, taking care of every aspect of the process for you. Have a think about how involved you want to be in the business – and from there you can determine how much you need your letting agent to take care of.
How much do you want to spend?
Of course the cost of the service is an important factor – especially if you are on a tight budget. Have a figure in mind before you speak to potential agents – within reason, most will be happy to tailor a package to you depending on how much you’ve got to spend.
Not all letting agents are made equal. Some will only offer the bare basics – others have handy additional services you can take advantage of which can really help your business to run more smoothly, making your life easier in the short and long term. Check out the list of services your prospective letting agent is offering and especially look for maintenance and repair packages or extra support facilities. Even if you don’t need them right now, you may well need them in the future – and it’s much better (and easier!) to knock on the door of your current letting agent than to go searching elsewhere and employ a company you haven’t had dealings with before.
Testimonials from current landlords
They say that word of mouth is the best form of advertising – and not without reason. If former and current clients aren’t happy to recommend the company you’re looking at, then that should set alarm bells off in your head. If you can’t find testimonials online, ask the agent for details of landlords who are already on their books and ask if you can contact them regarding the service they are receiving – a good agent will be happy to oblige and should have plenty of happy customers to choose from!
If you’re looking for an experienced, no-nonsense, reliable letting agent who can streamline your business, maintain happy tenants and increase your occupancy, then come and speak to The Property Man..