Why You Should Use a Letting Agent
Irrespective of whether you own 1 property, or 40; self-managing will almost certainly cause you a great deal of stress. Dealing with rental arrears, sourcing reliable tenants, having to deal with sudden unexpected costs and potentially facing fines for issues you may not even have been aware of, is not much fun. And as your property portfolio increases, so will your stress-levels. So if you have found yourself asking ‘why you should use a letting agent’ - then you’ve arrived at the right place!
Save Money When You Use a Letting Agent
Many landlords understandably think that they will save money by self-managing. However, the opposite so often turns out to be true.
Research has suggested that if you use a letting agent; you could actually save up to £1910,00 a year. Whilst mainly due to the the minimisation of void periods; landlords who chose not to use a letting agent, often find themselves facing costly fines, due to simple mistakes.
Protect Yourself Against Rental Arrears When You Use a Letting Agent
With unemployment levels expected to peak moving in 2022; the likelihood of tenants becoming unable to pay their rent is a real cause for concern. Conventional full management services can normally be taken with or without a rent guarantee.
ARO (The Advanced Rent Option), will not only provide you with first-class property management; but allows you to take your guaranteed full market rent, a year in advance – at no extra cost. When taken in conjunction with Choices; this rent guarantee will:
Pay your rent for up to a year if your tenant doesn’t
Cover any issues relating to the pandemic
Cover up to £1000+vat of legal costs
Go to court on behalf of the landlord with assistance of a solicitor
Save you the hassle of taking out insurance
If the idea of having your guaranteed full market rent, paid a year upfront, at no extra cost appeals to you - then why not calculate how much you get here.
Save Time When You Use a Letting Agent
Letting out properties can end up taking up so much of your time, which could be used elsewhere, for reasons more productive. When you use a letting agent, they will:
Source and reference tenants
Conduct property viewings
Ensure your property is compliant
Minimise void periods
Eliminate legislation fines
Carry out inspections
Deal with deposits
Keep your property maintained
Carry out inventories
Enjoy Peace of Mind When You Use a Letting Agent
Dealing with problematic tenants can make your life a living hell. Then there’s all the stress of making sure you remain compliant and aren’t going to fall victim to any fines (which could destroy everything you have worked to achieve). Peace of mind is something that cannot be devalued; which is why you should use a letting agent.