To find the best-letting agents, ask other landlords for recommendations. Don’t trust online reviews of agents as they can sometimes paint a misleading picture.
It is also important to choose a letting agent with local knowledge, as this will help them attract better tenants and ensure your property is kept in good condition. Here are some tips to choose the best leasing agency for your needs.
Ask Co-Landlords for Recommendations
Then, you can decide if it is the right one for you. Look for letting agents who are members of a redress scheme. The government has set up three redress schemes, and let agents should be signposting these memberships on their website.
If you’re unhappy with your letting agent, the redress scheme will help you resolve your complaint, and if the complaint isn’t resolved, you can use it to get a refund.
Check that the leasing agent has Client Money Protection Insurance, which covers your deposit and rent if the letting agent fails to provide the right service.
Take Into Consideration the Type of Service You Need
Before choosing a letting agency, consider the type of service you need. A tenant-find-only service will deal with the initial rental paperwork and may also collect the rent for the landlord.
A full property management service will take care of day-to-day issues, such as arranging maintenance issues and organizing inspections. If you require a more hands-on role, choose a letting agent that also manages properties.
Look for a letting agency that offers Client Money Protection Insurance (CMP). If a complaint can’t be resolved promptly, you can contact an independent third party to resolve the problem.
Moreover, a letting agent that belongs to a redress scheme will also provide you with Client Money Protection Insurance (CMI), which protects your rental money and your tenant’s deposit against financial losses.
Choose a letting agency that offers multiple services. It is essential to find a letting agent that offers a comprehensive service that suits your needs. A reputable company will offer a letting service with a high level of customer service.
If you’re looking for a tenancy agency, make sure you check out the company’s reputation and experience. This way, you’ll be sure to have peace of mind knowing that your property is in good hands.
The letting agent you choose should be part of the tenancy deposit protection scheme, which is an association that protects tenants’ deposits and landlords’ rents.
The tenancy deposit protection scheme protects tenants’ money, and it’s important to choose a letting agent that has this insurance. You don’t want to pay more than you need to in rent. A letting agency with CMP insurance will be a great choice for you.
Choose an agency that provides the service you need. The letting agent should be able to handle all the administration and legal matters for you. The letting agent should be able to answer questions about the property.
For example, if your property has been empty for some time, ask about the tenancy deposit protection scheme. In some cases, letting agents will also provide a monthly update. Those who have a redress scheme should be able to help you in case of an emergency.
Choose an Agency that is Legally Registered
Choose a letting agency that’s registered with the Property Ombudsman Service or the Property Redress Scheme. An agency with this accreditation is a good choice because the letting agent is bound by the Code of Conduct.
You should be happy with the letting agency’s response time. A good allowing agency will also use the main property portals to advertise the property. If you want to avoid a letting agent that isn’t registered with a redress scheme, find someone else.
When choosing a letting agent, always check the letting agents’ fees. The agent’s commission is usually around 10% to fifteen percent of the annual rent. That will cut your rental yield and result in a loss at the year’s end.
It’s better to find an agent that doesn’t charge more than 10% of the annual rent. That way, you can save money and avoid unnecessary expenses. They’ll also be able to handle the finances. A commendable service is from Abode who offers these guarantees.
