Being a landlord is not easy.
There’s a long list of tasks that needs to be completed if you want to stay within the confines of the legal system, avoiding problems with both the authorities and your tenants.
The rules and regulations surrounding rental properties are constantly changing and keeping up with these changes is difficult. Often finding the time to hold down an ordinary job and still look after your properties, and tenants, is just not possible.
If you find yourself to be in this situation the best solution is to use a letting agent. However, you need to be careful to take the time to carry out adequate research to ensure that you find the right agent for you. This approach will save you a lot of time, money and hassle in the long-term.
Following these steps should help you to choose the right property agent quickly;
Find a local agent
The first step is to take a quick look at the agents in the area where your property is located. Using an agency which is close enough to be able to show potential tenants around is important. If the agent is going to take care of maintenance and inspections on your behalf using a firm that is close to your property is the best approach.
Make sure your agent is properly regulated
In many countries, anyone can set themselves up as a property agent. Most people who do so are very good at what they do. They are reliable and do a good job, but unfortunately there are rogue agents out there that you need to avoid, at all costs.
The easiest way to do that is to make sure that any agent you are planning to use is properly regulated. For example, in the UK it is wise to look for, and use, an agency that is a member of The Association of Residential Letting Agents (ARLA).
Be clear about the price
Before you sign up with a property agent, you need to be clear about how much you will be charged, and exactly what is included in the price. Every agency works in a slightly different way so this is an important part of your research. The best providers list their prices on their websites.
Communication is key
You also need to choose an agent that you can get in touch with easily and who can be relied upon to answer any questions that you or your tenants have quickly. If an agency doesn’t come back to you promptly when you first approach them, it could be a sign that they will fail to respond efficiently when you are an actual customer of theirs.
An example of a good property agent
This Leeds estate agent is a great example of the kind of property management agent you should be looking for. They are experienced, properly regulated and offer a flexible and comprehensive service.