Top Tips for Choosing a Letting Agent
Landlords who decide to entrust their rents and tenant deposits in the custody of letting agents understand how important it is to choose the right one. Decent and professional estate and letting agents will make your role of a landlord very easy whereas an incompetent selection can cause you unnecessary stress. Good letting agents are able to market your property proactively, find the best tenants and also deal with the rental paperwork, all in return for a very reasonable fee.
But, how do you find such an agent? Here are some top tips that can help you out:
- Phone a friend
First things first, talk to your friends and family and ask them for recommendations about letting agents they might have used in the past. This will help you in compiling a list of potential agents that you can consider for the job.
- Check their industry credentials
Never hire estate & letting agents who don’t have the proper credentials. You are going to hand a big responsibility over to them and entrust them with your property and rent. In such situations, you want someone who knows how to get the job done and is professional. If you don’t check industry credentials or they don’t have any, you could end up with a shady agent that might make off with your money or do a shoddy job.
- Know the cost upfront
Before you finalize a letting agent, it is a good idea to discuss their fee upfront. When you are having this discussion, you should talk about what the fee is for. Talk about their responsibilities as well and everything they will handle. In this way, you will not have to pay them anything extra for services and there will be no miscommunication.
With these tips, you can pick the best letting agent for managing your property.