When it comes time to find a new place to live, many people choose to rent. Renting has many benefits, such as flexibility and affordability. However, finding tenants can be difficult, especially if you don’t know where to start. That’s where renting with a letting agent comes in handy. Letting agents have years of experience helping people find the perfect rental property can save you time and hassle, and many also guarantee that you will always get paid. If you would like to find out why so many people are choosing to rent with a letting agent, here are a few benefits.
If you have been a landlord for quite some time, then the one problem that you know is very common is finding the best tenants, or finding tenants at all. One of the biggest nightmares for any landlord is to have their property set vacant, without earning any income from the property. An even bigger nightmare is finding tenants, only to learn that they are messy, they are damaging the property, they are noisy, and more.
When you rent with guaranteed rent estate agents, you are guaranteed the peace of mind that they will rigorously do background checks on the tenants, and will find tenants that are suited to your preferences. If this is your first time being a landlord and you don’t have a lot of experience, then perhaps it would be a great idea to go through a letting agency since they are trained and know what to look for.
Handle the Legalities
One of the biggest benefits that renting with a letting agency provides is the fact that they will handle all of the legalities necessary for you to rent out your property. If you don’t have a lot of experience with renting out properties, then you might not know that many laws and regulations need to be met before you can even begin letting.
When you rent with a letting agency, they will ensure that your property meets all of the standards and regulations for it to be let out. In addition to this, letting agencies will keep up to date with all of the latest laws and any changes to laws, which means that you don’t have to worry about being caught unaware.
You Get Paid
Something that is of concern to many landlords is the fact that they might not get their rent on time or get their rent at all. Unfortunately, we do not live in a perfect world where tenants will always pay up or pay on time, and as such, this can cause a lot of stress and anxiety.
One benefit that renting with a letting agency provides is the fact that they ensure that you will always get paid. More than this, some letting agencies even guarantee that you’ll get your rent even if the property is not occupied. This is almost the equivalent of a money-back guarantee since the letting agency is responsible for finding tenants for you.
Another nightmare that mini landlords face on a day-to-day basis is when something goes wrong in a house or when the landlord discovers that something is broken and the tenants deny breaking it. Something that makes matters even worse is when a proper inspection was not carried out, since the tenants will then win if going to court.
If you were to rent your property via a letting agency, this is one less thing that you’ll have to worry about, since letting agencies carry out rigorous inspections of the property before letting the tenants move in.
You Don’t Have to Do Anything
Finally, the biggest benefit that you will receive if you were to rent with a letting agency is the fact that you won’t have to do anything at all. Once you have given the keys to the property to the letting agency as well as signed, all of the documents and made the first payment, you won’t need to worry about your property again.
This is a big relief for many landlords since a lot of landlords have day jobs in addition to working as landlords. Not only does this mean you won’t have to deal with the stress of handling property, but it also means that you’ll have a lot of free time on your hands to spend with your family and to pursue any of your interests.