Buy to let letting agents
The letting agent acts as
intermediary between the landlord and tenant. They are
the landlords representatives and are on call to manage
your property in your absence.
The letting agent may offer some or all of the
following services:
- Advertising
- Finding a tenant and taking references
- Arranging the tenancy and preparing the inventory
- Collection of rent
- Regular property inspections
- Managing the repairs and maintenance
- Open office for tenants/tradesman to liase with
A good letting agent will have a wealth of
experience. They would be a very good place to start if
you are new to managing property
If you don't have the inclination to manage the
property then this might be the best option
Letting agents generally charge a percentage of the
rent. Typically this is 10 - 15% of the rental income
Talk to several letting agents, have a list of
questions to ask - What happens if the tenant refuses to
pay the rent etc. This will give you a feel for which
agent you are most comfortable with. You may wish
to check whether they are a member of a trade body, for
example the Association of Residential Letting Agents (ARLA).
Such membership should help to ensure that the agent
conducts their business in a professional manner.
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