Should you use a letting agent?

Are you letting out a property for the first time? Or have you often faced a lot of problems while searching for a rental property? Well, in the current property market, letting out as well as finding a property can be a real challenge. Have several people recommended that you should hire a letting agent but you are not sure about it? Don’t worry! You are not the only property owner with this confusion. If you talk to landlords, you may get contrasting opinion about the need of a letting agent. Few landlords just don’t do their job without a letting agent while others simply don’t hire one. So, instead of believing the opinion of others, you need to analyse your requirement.

Should you use a letting agent?

 

Are you letting out a property for the first time? Or have you often faced a lot of problems while searching for a rental property? Well, in the current property market, letting out as well as finding a property can be a real challenge. Have several people recommended that you should hire a letting agent but you are not sure about it? Don’t worry! You are not the only property owner with this confusion. If you talk to landlords, you may get contrasting opinion about the need of a letting agent. Few landlords just don’t do their job without a letting agent while others simply don’t hire one. So, instead of believing the opinion of others, you need to analyse your requirement.

Here are a few points you should consider while deciding whether you need a letting agent or not.

Trust - When you are letting out a property, you mostly deal with strangers. Having someone reliable in between is always a good idea. It not only makes the process but also reduces the risks involved.

Knowledge - A letting agent has a sound knowledge of the local property market. They know what tenants are looking for and how you can market your property. They will also decide the right amount of rent you should be quoting based on other properties in the area.

Paperwork - A letting agent takes care of all the paperwork required in renting out a property. They give correspondence, take care of viewings, references and complete any other paperwork involved in the process.

Legal Requirements - Though you may have rented out several properties, you may not always be aware of the legal requirements for landlords. Also, there are several Health and Safety regulations a property must abide to and you may suffer penalty if you fail to do so. A letting agent has updated knowledge of the regulations, and can help you meet them.

Cost Effectiveness - Though it may seem surprising, going for a letting agent is actually cost effective. Property owners argue that they have to pay the letting agent and it is an extra expense. But if you compare the time, money and efforts the agent saves with the amount paid as fees, you will realise that you have saved money. Not just money, a letting agent also saves you a lot of stress.

Surety - One of the biggest nightmares of a landlord is not receiving the rent on time. If the rent is not being paid or not being fully paid, it can affect your cash flows. With a full service letting agent, you get the guarantee that you will receive your rent on time.

There are several benefits of hiring a letting agent, but one of the most important ones is peace of mind. With a letting agent, you can keep all the stress and hassles at bay. Just make sure you make a reliable choice for a letting agent. Do your research properly, seek recommendations from coworkers and friends, and talk to few letting agents before making a decision. Remember, your peace of mind and piece of property is in his hands!

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Meet Our Founding Director James

Meet Our Founding Director James

James Allen is the founding director and owner of Allen Residential. James started in estate agency back in 1997 and after working for a couple of strong independent estate agencies he established Allen Residential in 2005 Keen to invest back into his team, James is dedicated to ensuring that each team member at Allen Residential is a key part of the business, emphasizing the importance of their contributions. His leadership style highlights the significance of a cohesive and dedicated team, fostering a supportive and growth-oriented environment. The business has flourished in recent years, thanks to the staff's commitment to excellence and the implementation of effective systems. James' appreciation for his team’s hard work and dedication is evident, making Allen Residential a thriving and dynamic company.

Why choose Allen Residential?

Why choose Allen Residential?

With an owner who has 35 number of years experience in the industry and 20 years of company history, we bring knowledge, reliability, and expertise to every property transaction.

Our approach is casual and professional, aiming to form personal connections with the people we work with instead of treating them as a number.

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