Six Ways Letting Agents Save Landlords Time

In this two-minute read, we look at how letting agents handle the fiddly, time-consuming elements of renting out a property.

In part two of our series on property management, we look at how letting agents save landlords time – that precious commodity that is always in short supply.

A survey of 500 landlords found that using a letting agent saves a landlord on average six hours a month (source: Endsleigh Insurance).

We would go further and argue that letting agents don’t just save landlords time, but the right sort of time.

It’s one thing to get a call from your tenant saying a pipe has burst; it’s another if the call comes through while you’re sipping a cocktail on your long-awaited holiday.

Landlords must be on call 24/7 as property management is unpredictable. It doesn’t matter if you’re abroad, or under the cosh at work, if something goes wrong, you need to drop everything and act. Unless you have a letting agent, in which case they’ll handle it for you – while you keep sipping that cocktail.

Here’s a list of six ways letting agents save Loughborough, Kegworth and East Leake landlords time.

 

  • Find good tenants.The key ingredient to a successful let is a reliable tenant. Letting agents are experts at tenant sourcing and reference checks.
  • Make sure you follow the law. There are more than 175 plus laws that apply to landlords in the UK. A letting agent will make sure you follow them all – and hence avoid a hefty fine or a criminal charge.
  • Conduct inspections. A letting agent will conduct regular inspections to check that there are no safety or maintenance issues and that the tenant is meeting their obligations.
  • Handle evictions.A letting agent will navigate this complex and stressful process for you.
  • Manage day-to-day tenant relations.A letting agent provides a buffer between the landlord and the tenant. It’s the agent’s job to check in with tenants and maintain good lines of communication.
  • Deal with the paperwork.A letting agent will deal with the admin and keep a clear paper trail.

 

In part one of this series (published last week), we looked at the financial benefits of using a letting agent to manage your property. If you missed it, you can read it here. www.newtonfallowell.co.uk/loughborough/blog/top-reasons-why-landlords-should-use-a-letting-agent/

 

To learn more about our tenant finder and property management services, contact us here at Newton Fallowell.

Thanks, as always, for reading…

 

Dan

COPYRIGHT Newton Fallowell 2021