If you have ever bought an investment property to let, you will know that it comes with its fair share of work after the initial investment and renovation. Letting out a property for investment requires hands on commitment for any day to day issues that arise, here are our three top reasons why you should work with a letting agent to take care of it for you.
Save Time & Stress
The biggest benefit to working with a letting agent is the amount of time and stress it takes away from you so you can focus on other things (maybe renovating your next investment property!) The day to day management, paperwork, liaising with tenants and inspections will all be done on your behalf in a timely and professional manner. The letting agent will also act as a ‘middle man’ between you and your tenants in case of any dispute.
Remain Legally Compliant
Landlords have a number of responsibilities they have to carry out periodically to remain compliant with the legal regulations involved in letting out a property. A letting agent will ensure that all the T’s are crossed and I’s dotted without you having to worry about a thing. Property maintenance, gas and electricity checks, tenant queries and complaints will also be dealt with for you without you having to worry if you might have missed anything.
Avoid Empty Property Periods
There will always be periods where a property will become vacant for various reasons but how long it stays empty depends on whether you use a letting agent to manage your property or not. Letting agents will aim to get your property vacancy filled as soon as possible and may already have prospective tenants on their books. Your new tenant will be vetted and the agent will conduct any credit checks or viewings on your behalf.
We hope this blog has helped you if you are a landlord or plan to invest in property to let. If you are looking for an experienced letting agent to take care of your property, talk to our team here.