When it comes to being a landlord, you’ll want to make sure that your tenants are trustworthy, reliable and respectful - which can be risky business if you decide to handle the process yourself. However, letting companies can offer many services, such as finding the right tenants for your properties.
But, what are other benefits can you gain? Read on to find out more.
The last thing you want is to end up with troublesome tenants. Instead, you want to look for tenants who will pay your rent on time, look after your property and maintain good communication with you. Failure to meet these qualities could result in more serious situations that may require legal action. However, by using the services of a letting agent, they can fully vet each tenant to ensure they’re suitable for you.
One of the most important checks that letting agents can do are credit checks. Making sure your tenants are financially stable enough to pay your rent, will reduce the risk of late payments. Credit checks will assess their financial history such as any outstanding debt, confirmation of employment and their affordability rating. It’s a good idea to gather actual evidence of their financial situations rather than simply trusting their word.
Whether you have several properties or just one, a lot of work is required to take care of your property. Using a letting agent means they can take care of some areas for you, such as finding new tenants - saving you a lot of time in the long run. This is especially beneficial if you also have a job alongside being a landlord and don't always have the time to do these tasks.
Here at Progressive Lets, based in Peterborough, we specialise in a range of letting services such as tenant referral, restructuring your property portfolio and management. As a professional team, we offer excellent customer service to all of our clients with a portfolio of almost 800 properties. Get in touch today for more information.