What are the major benefits of using a letting agent?

Letting a property through a letting agent can be especially beneficial for the landlords and also for the tenants.
But here we will shed light on why it is important for the landlords to hire a letting agent. Let’s have a quick look at some of the benefits:
  • They help to make the property ready for letting – As professionals, they are aware of the right standards a property has to meet. They help you put the things right. Often they guide the landlords to make tiny changes that can make notable, positive difference.
  • They help with the legal nitty-gritty – A trained letting agent knows every legal obligation you must comply with. He/she is the best person to guide you with the entire process. Also such agents take of burden of getting, say for Energy Performance Certificate or the Gas Certificate, letting you get rid of the botheration. Nowadays, authorities are becoming stricter about such things as well as new rules that are coming into force, in terms of tenancy deposit and Energy Performance Certificate. Therefore, if you are not experienced in letting your property, get professional help.
  • They can let the property faster than you – In most cases they can let a property much faster than the landlord. They usually use online advertising and also make use of their own website, if applicable. They also take advantage of the social networking sites like Facebook and Twitter to endorse properties.
  • They can get you better rent – Many letting agents in Richmond work in association with the relocation companies and agents that pay high prices for the right property. Generally such companies work only professional agents for sourcing properties for the clients.
  • They create proper inventory and deal with the deposit – A good inventory is very much required especially for the landlords who have been taken to adjudication by their tenants and have little to no chance to win without a proper inventory. A reputed letting agency usually appoint a specially trained staff to do the job of inventory creation and they create better one than you can.
    There is another advantage of a good inventory. If the matter goes for arbitration, the fact that the inventory was created by a professional, independent third party (an agent) will be given greater weight by the adjudicator than one created by the landlord. A professional agent can also help with protecting the deposit by ensuring that only authentic information is given to the tenant within specific time limit.
  • They help with checking and referencing the tenant – A good agent can diligently screen and reference potential tenants as the matter of course. This doesn’t mean that there will be no problem in future but it definitely reduces the likelihood significantly. Agents also have the ability to recognise bad or criminal tenants. 
Lastly no landlord wants to get bothered with the daunting job of dealing with the tenants and agents are the perfect buddies to take this burden away from them.
Whether reliable estate agents or letting agent, when it comes to dealing with the property, it is always better to get professional help. Also know how to choose a letting agent who manages your property portfolio here.

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