Whether you have a single property or a portfolio, letting agents can be a great choice if you wish to manage everything efficiently. Dealing with tenants, managing the rent, and catering to their needs is a full time job, especially if you have multiple properties. Letting agents are property managers who deal with the tenants and things they might need from the property, on behalf of the landlords. They offer their services at different levels, depending on what the landlord actually needs. From sourcing tenants, to rent collection, and even full property management- they can do it all for the landlords.
Responsibilities Of A Letting Agent
Say you have a property in Hornchurch and you wish to rent it. Now, you live in some other part of the country. It might get too difficult for you to find the right tenants, or collect rent from them. This is where letting agents Hornchurch can be of a lot of help to you. Depending on your requirements, they offer their services to you at three different levels:
- Finding Tenants– They will help find tenants for your rental property by advertising, marketing, showing prospective tenants your property, checking references and drawing the agreement.
- Rent Collection– At this level, they will help the landlords to find tenants and collect rent from them on a bi-weekly or monthly basis.
- Full Management– Apart from tenant find and rent collection, at this level the letting agents Hornchurch company manages the property entirely. From background checks of the tenants to preparing agreements, chasing rents, performing repairs and maintenance, they would do it all for you.
One of the best things about receiving services for letting agents is that, as a landlord, you would decide what level of service you want and you can also determine their responsibilities. You can discuss your expectations with them, without any hesitations. Make sure that the deal is made according to your requirements before you sign the agreement.
What Are The Benefits Of Letting Agent Services?
You would find prospective tenants easily without any hassles. Tenant hunting can be stressful work, you would need someone who would stay responsibly in your property and pay rent on time. The listing agents help you get that. They can also collect rent from the tenants on your behalf. This service comes very handily if you stay out of town, or you have multiple properties. They also do rent chasing on your behalf.
Also, helping your tenants stay in a comfortable and safe property is your responsibility as a landlord. If you cannot manage it all on your own, letting agents can help with the maintenance and repairs. These are some of the ways in which letting agent services can be beneficial for you.
