Advantages of Renting Out Your Property Through an Agent
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| Advantages of Renting Out Your Property Through an Agent |
If you're an experienced landlord or purchasing your first buy-to-let property, you may be considering whether to rent it out personally or via an agency. Here are five advantages of renting out your house via a lettings agency.
Completely comply with all rental regulations
As a landlord, you must follow several health and safety regulations, as well as other legal obligations. Your rental agency will verify that your home is up to date with all necessary certifications.
This includes:
- Energy Performance Certificate
- Legionnaires Disease Risk Assessment
- Alarms for smoke and carbon monoxide.
- Tenancy Deposit Scheme
- Landlord's license
- Electrical Installation Condition Report
- Property marketing and tenant voting
One of the most significant advantages of renting your home through an agency is that they will identify suitable tenants for you. Your agent will promote their property via a variety of means, including their website, print media, and online property listings. Tenants are more likely to locate your home when it is listed via an agency, and they are also more inclined to rent from you.
Your agent will handle all viewings on your behalf, so you do not have to be engaged in the process at all. Tenants will be verified and reviewed to verify they meet all Right to Rent criteria. When all checks have been passed, your agent will complete all documentation and receive your money.
Flexible management choices to meet your requirements
Letting agents provide varying levels of management to meet your specific needs. Graham & Co. provides three levels of service:
- Full management services.
- Tenant finding and rent collection service
- Tenant finds service.
This implies that you can be as involved in the administration of your property as you want.
Repairs completed
If you choose a complete management service, your agent will handle any issues that arise with your property. Tenants will report issues directly to their agent, who will use their trusted network of contractors to resolve them quickly.
Regular property inspections
Your property will also be subject to frequent inspections with an agency. Arranging property inspections might seem invasive or unpleasant to a private landlord. Your agent will update you on your property's status whenever necessary.