Thu 14 Dec 2017
Whilst a buy to let property can be a great investment, it does come with a lot of responsibility. If you have a property to rent out, take a look at the benefits of using an agent to help:
1. Guiding you through the legal requirements
Renting out a property comes with quite a lot of paperwork and legislation, which if not adhered to can lead to some pretty hefty fines for a landlord. A letting agent will ensure you are compliant and guide you through all the necessary safety checks, tenant referencing, deposit protection and other paperwork needed from a legal point of view.
2. Not as expensive as you may think
Paying a letting agent to look after your property may cost you in terms of ££, however think about how much you will save in terms of time and worry.
3. Maximise the amount of rent you can generate
A knowledgeable agent will give you advice on how much rental income your property can achieve based on their experience of the local market and how much demand there is in the area. They will also give you simple tips to help make your property more marketable.
4. Attract great tenants
A letting agent will have access to leading portals to increase your rental property's exposure. The better a rental property is being marketed the more interest you will receive, giving you a higher chance of finding the right tenants.
5. You can keep your distance
Your agent will be a barrier between yourself and your tenant. They will be able to provide guidance on what is and what isn't a reasonable request from a tenant, so you can act on them appropriately and avoid any potential landlord-tenant relationship issues. A good agent will stop a minor issue escalating into a more serious rental dispute. By keeping a good relationship with your tenants, they are more likely to stay which means you have less risk of them handing in their notice and the property standing empty for any length of time.
Here at John German we will help take away the stress that being a landlord can bring and do the work for you. Depending on your level of experience as a landlord and the time you do or don't have, there are a choice of services for you to choose from.
"Everyone at John German has been professional and friendly, and that is such a refreshing feeling."