Choosing the right letting agent to handle your property can be a daunting task especially when you are new to the real estate business. You need to know that a letting agent must understand the local market and be able to inform owners about available options for maximising the rental income and agree which type of tenants to target and ultimately the strategy that the owner is happy with. It is also the responsibility of the letting agent to market the property effectively – using quality photographs and carefully worded brochures and adverts as well as well presented adverts in the right places where the target tenants are going to search for properties; digital marketing is also a good option that can be used by a great letting agent. When looking for a letting agent to take care of your property, there are some basic things that make for a great letting agent.
Tenant-finding ability
The basic idea behind hiring Halls Letting Agents in the first place is so he or she can help you let or manage your property. When letting your property, you definitely need to consider the agents ability to find suitable tenants in the area. It is the job of the letting agent to assess the suitability of prospective tenants, which will often include requiring the tenants to complete a tenant referencing application. In most cases, references and credit checks don’t provide the full picture – sometimes, prior to proceeding to grant a tenancy, it is necessary for the letting agent to visit the tenant in their existing home to see how they are looking after it. A great letting should have answers to questions like – is the landlord seeking a long-term tenant? Does the landlord allow pets in the house? Just about any question tenants might have about the property.
Legal issues
Like any other kind of service delivery out there, there is a legal aspect that has to do with the handling of contractual terms by the parties involved. A great letting agent must take care of all legal aspects thoroughly. A well-worded tenancy agreement, which is adjusted with clauses added from experience – for the benefit of the Landlord and Tenant, is essential. A thorough inventory and schedule of condition by the letting agent is also essential. Care must be taken that documents are completed accurately and signed correctly for each tenant.
Property management skills
One other thing to look out for in a great letting agent is the ability to manage the property under their care. Although some landlords hire other people to manage their property for them, it is ideal for the letting agent to have at least a general idea on how to manage the property. Because the fact still remains that most tenants would dial the letting agent’s number first before even thinking about calling the landlord or some property manager. So a great letting agent should know how to take care of the property to keep the tenants happy.
