Searching for a local letting agent in large UK cities
Renting out a property in a large UK city can be a real hassle, which is why most people choose to use a letting agent. Finding good tenants is not easy and in truth most people really have no idea how to identify a good tenant. A letting agent will not only save you a lot of time but they will make sure that your place is rented to someone who will pay their bills on time and not damage the place.
If you a have a property that you need to rent out a letting agent can really be a life saver. Finding tenants is not as easy as you would think that it would be. It takes some real work to advertise the property and then show potential tenants around. If you are doing this yourself you need to be available to handle all of this which is something that many people aren’t during the day. A letting agent will handle all of this for you and save you a great deal of time and hassle.
The other big thing that a letting agent can do for you is that they can help to make sure that you get a good tenant. The only thing worse than having no tenant is having a bad one. You need to make sure that the person renting your property pays their rent on time and doesn’t damage the place. Most people have no idea how to tell the good tenants from the bad ones, this is where you can really benefit from the assistance of a letting agent who will have all kinds of experience in this respect. A good letting agent will also be able to help you with making sure that all of the paperwork that is required is filled out properly and that all of the laws are properly complied with.
Now that we have established the importance of a local letting agent the question becomes how do you find a good one? This is going to require some research on your behalf. The first thing that you are going to want to look at is their professional qualifications. There are several different professional organizations that certify letting agents, you are going to want to make sure that the one you choose is a member of at least one organization. This is of course no guarantee in itself but it does show at least a minimum level of competence and knowledge.
The next thing that you are going to want to do is to make sure that the letting agent you are working with has experience in the part of town where your property is located. Renting out properties will require local knowledge so you really don’t want to hire a letting agent who is unfamiliar with the area. In large cities most agents will specialize in a particular part of the city, it is best to stick with one who is familiar with your location. It is also a good idea to go with an agent who works primarily in the type of property that you are renting out. If you have a small flat to rent you probably don’t want to work with a letting agent who specializes in large houses.
The next thing that you are going to want to look at when you are choosing a local letting agent is what kind of service you need from them. There are basically two options here, you can have them just find the tenant for you or they can manage the entire rental. The choice on this one is yours obviously if they manage the whole rental for you it will save you a lot of hassle but it will also cost you a lot more money. Whichever way you to choose to go on this you are going to want to make sure that you find an agent who specializes in that particular area. If all of their experience is in finding tenants they may not be the best person to actually manage your manage your property.
One of the things that you are going to see a lot of when you go out looking for letting agents is that they will advertise that if they don’t let your property there will be no fee. This may seem like a good deal but it may not actually be. What happens is in most of these cases is that they will take on as many clients as they can get so that they can be sure that they will rent out some of the properties. The result is that they may not put in the best effort to get your place rented. If you are going to go with a no rent, no fee agent make sure that you sign up with a few of them so that you can be reasonably certain that at least one of them will rent your place out.
When it comes to fees for local letting agents there is a natural tendency to try to save money by going with the cheapest option. This may not be the best idea in the world, there is usually a reason that they are offering the lowest rates. What you want is somebody who can get your place rented to a good tenant. If that means having to pay slightly higher fees to get an experienced agent who specializes in your area than it is probably worth it.
Before you make a final decision on any letting agent make sure that you get references, these are critically important. Any agent should have no trouble in putting you in contact with people they have worked with before. If they can’t give you a list of references that should be a huge warning sign right there. Make sure that you actually contact some of the references that they give you so that you can make sure that they had a good experience with the agent you are considering.