9 Crucial Facts to Consider While Choosing a Reliable Letting Agent

Are you planning to rent out your property?

Then, you must opt for the services of a reliable residential letting agent to rent out your property in a proper and legal way.

But as there are a number of names, how could you come up with your choice considering that it will be a great one for you?

Along with the new regulations on board, there are a plenty of legislation for contending and so, you have to choose the one who will emphasis on your interest.

Even the agent you have selected must perform on the basis of law. Remember that your property available for rent is your important asset and you have to protect it lawfully and properly.

Just check out 9 considerable facts that can let you choose the best one in your locality:

1. What are its offering service levels?

Before making your final decision, you have to finalise how much of hands-on landlord you want to be. Generally, there are 3 service levels for you to select from:

• Finding rent collection and tenants
• Finding tenants
• Finding rent collection and tenants along with full management service of your property including necessary maintenance and repairs

Among all these options, the third one is more expensive in terms of fees because with it you will be assured to stay hassle-free as a landlord. However, still if you have selected this service make sure that your letting agent is committed enough to offer you with that much tier of service.

Before getting contracted you must get things cleared regarding its inspection and repair services by asking several people in your locality about its services.

2. What are their fees?

The service fee is probably the first consideration while selecting any letting agent. While you can negotiate for a better decision, take your time and choose wisely obviously not by considering an inexpensive option.

Instead, you can focus on the best value you can get at a comparative price. Before you pay the fees, make sure that you are completely clear with the agent’s term and policies and the services they are going to offer you along with guaranteed quality.

3. Ask them to make a clear explanation of the contract

Prior to finalise the deal with any letting agent, make sure that you have understood all clauses and business terms of the agent and agree with it. If any confusion persists, you must take legal advice to clarify it before signing the deal. You must follow this same way for the tenancy agreement at the same time.

4. Do they offer legally compliant services?

If you have already hired a letting agent to manage the tenancy of your rental property, several things are there which must be performed by you for the compliant of the law. It includes providing safeguard to the deposit of your respective tenant with the help of any government-focused scheme.

Therefore, it is necessary for you to ask your agent about the current government-related scheme and recheck its availability. As per law, any letting agents should belong to the nationally-approved letting scheme so that any dispute with your tenants can be resolved on time. You can also choose a letting agent who is associated with any professional body of your country.

5. What about their reputation in the locality?

It is essential for you to have a peek at the letting agent’s reputation and quality of the services they offer in your locality before choose them as your final one to rent your property. In this case, historical background is important to know for how long a letting agent is experienced and serving in this specific field.

It is highly advisable to you that always go for a well-established agent who is operating for a long time. If you can get any personal recommendation, you must also check whether it is a reliable agent or not in your locality.

6. How well its customer services are?

You must consider how well you are treated by your letting agent and how much responsive they are regarding answering to all your queries and questions. If the responsiveness of the company is great, you must put all your focus on their service level. Their style of business and professionalism must be considered too to finalise them as your letting agent to give your property on rent.

You may have a look at the opening times of the company as well. In fact, resources quality such as inventory forms, tenancy agreements and lots more must be reviewed as well to get a better agent for you.

7. How will be your property marketed?

Marketing of the property is very important to get rented on time and that too by a good tenant. Therefore, you must visit the website of the letting agent you are going to choose to rent your property and manage it.

Inspect whether they use right and proper ways to advertise the property. You must also check if they are utilising other materials for marketing simultaneously, so that, your property get rented on time.

Address must be verified to examine whether they have a sufficient office space in the given address information. Check whether they are using well-composed information and quality high quality snapshots for marketing purposes or not!

8. Is it a local company?

While selecting any letting agent, you must gain a clear idea about its local knowledge. Try to collect information for how long they have been working in that specific area and whether they have any idea about the local market at the same time.

9. Prioritise your own decision

Most importantly, you must also focus on your decision as per your choices and demands regarding any letting agent in your residential area. Obviously, considering the crucial facts to take the final decision is an integral one, yet you mustn’t neglect your own point of view as well.

Thus, choose a letting agent to rent your property on the basis of all possible considerable facts as your relation with your letting agent may probably last for a long haul or lifetime.

Osullivan Property is one of the leading estate agents in Mayfair, London serving the residents of the specific area. Are you looking for any reliable letting agent in your locality to rent your property and manage it, then get in touch with us today to know how we can assist you in this service.