Choosing a Letting Agent: Property Advice for Landlords

 

How can you be confident that the rental agent who will be representing you and your house is trustworthy and reliable? For most renters, the letting agent they choose is the deciding factor between discovering their dream property and securing a real nightmare. Moreover, what should you anticipate from leasing agencies that market your rental property?

The Association of Residential Letting Agents (ARLA), the Royal Institution of Chartered Surveyors (RICS), and the National Association of Estate Agents (NAEA) can all help you locate a trustworthy letting agent to advertise your rental and discover responsible tenants. Landlords have the daunting task of selecting a property manager from the seemingly limitless list of accredited agents. To help narrow down the field, it is recommended that they seek out both personal and professional references. Try asking around other local landlords or even tenants to hear about their experiences with specific brokers.

After narrowing it down to a few local favorites, it's time to do some research. You should verify that any prospective real estate agent carries professional indemnity insurance. Having the peace of mind that your tenant's security deposit is protected by both client money protection and tenancy deposit protection is invaluable as a landlord.

There is a wide variety of specialised letting agents available, so you'll need to establish your needs before choosing a firm to represent you. While some real estate agents focus exclusively on renting to students, others cater to working professionals, and still, others provide a whole suite of services, including Property Management Stortford, making it easier for landlords to rent out several units.

Landlords should be as meticulous with their paperwork when hiring an agency as tenants are with their tenancy agreement. Before signing a management agreement, it's a good idea to do some research on the company and the agreement and to consult an outside ombudsman if you have questions. Fees for additional services and administration, as well as any estate agency fees and expenses incurred during vacancies, will all be outlined in the management contract.

Conclusion

Take this advice and read the fine print to pick the ideal Letting Agent Epping to represent your property, discover prospective tenants, and get you the greatest rental price.