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7 Reasons To Use A Letting Agent In Lancashire

There’s certainly many things for landlords to think about when it comes time to rent out their property. Even if you’ve gone through the painful process of letting out previous properties and it’s never simpler to get it right particularly if you’re doing on your own. From managing time to organizing finances, locating tenants to repair boilers, as a portfolio of properties grows, as do the responsibilities.

The process of expanding a portfolio of properties can be compared to paternity leave. The landlord is responsible for preparing every property to the best of their ability they can, however when it comes time to return to work, they usually hire an additional person to take care of them day-to-day.

A reputable let agent isn’t just an unofficial ‘nanny’ for your children in the property It can be so much more. There are many good reasons for landlords to work with Lancashire estate agents no matter whether they own a single property or have 21. Here are seven advantages of working with a letting agent.

1. Rent is always paid.

While there are some things an agent for letting will take care of prior to reaching the rent stage, it’s usually the most important thing for landlords. If your tenant isn’t paying their rent or other bills in time the flow of cash could be disrupted and impact other areas of your life.

If you have a lease only agreement with an agency, you’ll be able to have the tenant contract made and the deposit and the first month’s rent will be collected by the agent for you. In an all-inclusive service, an experienced letting agent will ensure the rent will be paid to you regardless of. Even if they’re trying to find new tenants for your home and you are not, you’ll still get rent for 52 weeks of the year.

2. All legal requirements are met

Before you think about renting your home to tenants There are a few legal requirements to be fulfilled, such as electric and gas safety as well as fire and safety regulations as well as Energy Performance Certificates.

No matter if you’re in an exclusive let or a fully managed agreement with your letting agent they will take care of this responsibility for you, and will remain up-to-date on any law changesto ensure that your property is in compliance with them. Sometimes, the smallest changes made by your letting agent could be the most significant, and help you get your property ready for renting. If you choose a managed service, the legal fees will be paid for.

3. The most suitable tenants are those who have

An agent will not only be able to locate prospective tenants quicker due to extensive marketing for the home, but they can also identify the best tenants by conducting a thorough screening and reference process. It’s not possible to completely eliminate any potential issues down the road however it provides you with the chance to rest at ease.

Through experience they will also be able to recognise the common signs of potentially-troublesome tenants, and may even have had experience with a tenant previously. If you are using an all-inclusive service, the collection of re-let fee and the cost of the renewal of tenancies should be included.

4. An accurate inventory will be conducted

It is essential that a thorough inventory be completed prior to any tenant moving into. If the process is not done properly and some factors are not considered the landlord stands a slim chance of winning should they be subjected to court by tenants.

A reputable letting agent has trained personnel who will carry out the work for you, which will result in an APIP in the form of a written and digital inventory. Since your inventory will be drafted through an uninvolved third person (your representative in this instance) and will be considered more valuable by an adjudicator over one that a landlord wrote himself.

5. Property checks that are routinely conducted will be carried out

To make sure your home is well-maintained A letting agent will visit your property regularly. This will not only put your mind at ease , but will also stop any issue with your property from reaching a dangerous level, like an infestation or overgrowth in your garden in the event that you need to locate new tenants fast.

The process of inspection allows your letting agent to serve as a mediator in between your tenant and you, getting access to the property on behalf of you. In the event that your property becomes empty at any time the management fee should be suspended until you find new tenants.

6. There’s no need to call an electrician

If your property is managed , letting agents will offer an emergency call-out facility, meaning you won’t have to worry about getting woken up in the late at night because of a leaking washing machine or boiler malfunction during winter.

All maintenance and repairs are handled by the service, removing the need to have an electrician, a plumber and a builder available.

7. You’ll be assured of peace of mind

Your time is valuable and so are your homes. If this is your first property it’s a good idea to employ a letting agent to help you focus your energy on growing your portfolio. If you own several properties, you’ll be secure knowing that all of them are taken care of by experts.

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