SHOULD YOU USE A LETTING AGENT?

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?Have several people recommended that you should hire a letting agent but you are not sure about it? Don’t worry! We are here to help!

At Benjamin Stevens we have been working with landlords, renting out and managing their properties for almost 20 years. We would always advise you to use a Letting Agent in order to make sure processes are carried out correctly and you find the best tenant for your property.

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!

If you would like to speak to us to get some further advice then feel free to get in touch today!

Click here for our website.

Call us today on 020 8958 1118.

Finding Your Way Home with Benjamin Stevens Estate Agents.




Get in touch with us

Is property ownership the ultimate goal in life or is Generation Rent here to stay? This article looks at the pros and cons of living in a rented property, read on to see if you should be saving up to get on the property ladder or not.

Enjoy a fabulous family afternoon with afternoon tea at The Manor, Elstree. 1-5pm For bookings please email sandrahamilton@curecancer-ucl.org

If you have some savings languishing in the bank, you might have considered investing in property. But how do you know if your savings will be safe and your rate of return worthwhile? It is all in the purchasing of the property at the outset of your investment journey. This article will show you how to pick the right house for a lucrative future in property investment.

Help raise funds for a variety golf sunshine coach, for a local special needs school, and spend your day at Hartsbourne Country Club Tickets £250 Registration & Breakfast 7:30am Shotgun Start 9:00am Followed by Halfway House & Lunch, Auction & Prize Giving