Are you a landlord wondering whether you should work with a letting agent in Basildon? Depending on your situation, working with an experienced letting agent can be a great way to save time, money and stress.
If you’re wondering what a letting agent does and whether you should work with one, here’s everything you need to know to help you decide.
What Do Letting Agents Do?
Letting agents can do different things depending on the package you pay for. Typically you can give a letting agent a portion of the property management responsibilities – or hand over the entire rental property management!
Typically, letting agents can:
- Find tenants for you: A letting agent can market your property and find the right tenant.
- Arrange the let: From checking references and running credit checks to securing deposits and drawing up tenancy agreements, a letting agent can arrange everything to get the tenancy in place.
- Collect rent: A letting agent can collect rent from your tenants monthly and chase up any late payments according to the lease.
- Manage queries: A letting agent can answer tenant queries, handle issues and deal with any maintenance or repair work that needs to be scheduled.
Can I Manage a Rental Property Myself?
The decision to self-manage a rental property should be carefully considered. It can be time-consuming, and you’ll need to be up to speed on all the latest legislation to ensure you’re renting in line with the law.
There are some benefits to managing a property yourself. But only if you like being a ‘hands-on’ landlord! Managing a rental property yourself can be ideal if:
- You have lots of time to deal with tenant queries and issues.
- You have good connections with relevant tradespeople.
- You are up to date and understand the latest legislation.
- You live close to the rental property.
- You enjoy the management side of being a landlord!
What are the Benefits of Working With a Letting Agent?
Managing a rental property in Basildon alone isn’t for everyone. If you have more than one property to let, being a landlord can become a full-time job.
Still managing things yourself? Here are four top benefits of working with a letting agent in Basildon.
1. Save Yourself Time
Working with a Basildon letting agent will save you time. Your agent will deal with tenant queries, rent collections, administrative tasks, and everything else in between.
2. Be a Hands-Off Landlord
If marketing your property, dealing with referencing, rent and having tenants call you to visit the property when issues arise, then being a landlord isn’t the life for you! Working with a letting agent lets you be a hands-off landlord. This is ideal if you live a distance away from your rental property.
3. Keeps Things Legal
One of the biggest reasons to work with a letting agent in Basildon is that they will keep your property in line with the law. It’s a letting agent’s job to stay in the loop about the latest developments in legislation so that you don’t have to. If you’re a new landlord or you don’t have time to spend learning about the many property laws, a letting agent will help you keep things legal.
4. Maintain Professional Connections
Sometimes, things go wrong. Whether it’s the boiler breaking or a leak in the kitchen sink, your tenants are likely to need a tradesperson at some point. A letting agent will maintain professional connections with plumbers, electricians and other tradespeople that could be needed in an emergency.
If working with a letting agent in Basildon sounds like the right choice, we’ve got you covered! At Roger Bates Properties (powered by Keller Williams ‘The World’s Largest Estate Agent’), we provide expert letting agent services in Basildon. Be as hands-on or as hands-off as you like!
Looking for property management services in Basildon? Ready to let your property? Would you like a FREE Property Valuation in Basildon?
Roger Bates Properties (partnered with Keller Williams ‘The World’s Largest Estate Agent’) are your local property experts for the Basildon area. Call us on 07494 803917 or email firstname.lastname@example.org to find out how we can help you.
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