Whether you are a small-time landlord with 1 or 2 investment properties, or a career landlord with an entire property portfolio, there are many benefits to be had from instructing a letting agent to deal with properties on your behalf. The biggest advantage is the financial security that it provides.
A good agent will find you the right tenant for your property and ensure that any rental voids are avoided or minimised.
Roles and Responsibilities
Letting agents provide a wide variety of services, depending on how involved the landlord wishes to be with their investment property. Their aim is to make the rental process as straightforward and stress-free as possible.
They can execute marketing campaigns and tenant sourcing on behalf of landlords, ensuring properties are not left vacant for long periods.
They help to vet and choose prospective tenants, ensuring that all necessary checks have been completed. This could include identity verification, credit checks, references, and employment history.
Letting agents can draw up rental agreements, as well as dealing with tenants who are moving out.
Agents will be responsible for collecting rent payments, as well as dealing with security deposits. They can also chase up arrears or deal with an eviction process, where a tenant is problematic or failing to pay.
Any aspects of repairs and maintenance will be managed and coordinated by the letting agent, as they will be in direct communication with the tenant, acting as a middle-man.
Letting Agency Professionals
Ultimately, a letting agent is there to make life simpler. They can ensure that landlords are compliant and meet their legal obligations, and can save them valuable time, complete any necessary administrative tasks, and assist by being experts in the local property market.
For letting agents Bridgwater and the surrounding areas, visit https://www.sykesmoore.co.uk/lettings/letting-agent/.
By instructing a letting agent to deal with your rental property, you are making the process as streamlined and stress-free as possible, freeing up your valuable time to focus on work and personal life.