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9 reasons to instruct a letting agent

Published: 15/06/2020

You may own one property, half a dozen properties, or more.  Whatever the case, buy-to-let is a business, and keeping an eye on your outgoings is essential for any successful business.

Our mission

We're batting for the same team, so we'll fight your corner and do everything within our power to make your property business successful.

Specialists 

We have access to software and property portals that most landlords would give their eye teeth for, all of which are there to help our clients achieve their property goals.

Having a letting agent helps with the detail and ensures that your rental property will be compliant especially when you consider that it could result in something as drastic as not being able to evict a tenant, if the documentation is legally incorrect.

Remember, we're talking about an investment that is a minimum of six figures these days, so it's unwise to take a risk in such an ever-changing litigious world if you're not an expert.

We are experts, with all the tools and know-how at our disposal. Yes, we charge for our service, but getting things wrong could cost you a great deal more if you choose to go down the self-management path, and things do go wrong.

Local knowledge

Knowing the local market is essential if you want to get the most from your investment. The rental value that we advise is neither too high nor too low - we know exactly what to ask.

These days, the market is more transparent than in the past, but if you decide to guess, it can be costly. Pitching too high could leave you with a vacant investment for months on end, go too low, and you're not maximising your potential returns.

Void periods

Guaranteeing you'll never have void periods is unrealistic, but we make it our mission to shorten the time your investment stays empty, and we do our utmost to make sure it rents quickly.

A reputable letting agent will have a far wider reach than an individual landlord. Marketing campaigns that range from property portals such as Rightmove and Zoopla mean that your property will be in front of a wider audience than you could ever dream of if you decided to market it yourself.

Rental income

Another bonus of employing a letting agent is that greater visibility in the marketplace, equals a higher rent than if you were to market it yourself.

The more people interested in becoming your tenants, the greater the chance your rental will achieve a higher yield.

Disputes

If you haven't had to deal with tenant disputes before, trust us, it can sometimes be tricky.  Employing a letting agent to mitigate any problems takes away all the stress of having to deal face to face with the tenants and means you can be as anonymous as you choose to be. A letting agent will act as the middleman and resolve any issues with your best interests at heart.

Evictions

The law on evicting tenants is ever-changing, and keeping abreast of the new rules is very time consuming if you don't know what they are. Many landlords fall foul in the eviction process. Section 21 and Section 8 notices are complicated, and the Courts are awash with cases where the landlord has proceeded incorrectly, thus leaving the Judge with no other option other than to deny the eviction.

This may be catastrophic for your rental business but can be avoided if a fully accredited letting agent acts on your behalf following the correct compliance every step of the way, giving you peace of mind.

Compliance

As members of ARLA Propertymark, we're always on top of even the smallest changes in legislation. Our team are fully qualified ARLA experts and stay on top of all of the changes, however inconsequential.

This can prove challenging for landlords when handling the day-to-day issues associated with lettings, and more and more landlords are returning to us for this reason.

One missed change in the law can land property investors with hefty fines (or worse). In today's continually changing lettings world, it's easy for mistakes to happen when juggling everything.

We've got you covered

Rest assured, a reputable letting agent will have you covered with professional indemnity insurance.

Peace of mind

Our final argument for letting agents brings all of the above together.
Having a letting agent handle your rental property is far less stressful than managing it yourself.