Imagine the situation: you own a property you no longer reside in, and you’d like to use it as a rental to generate an additional income and to keep the property for financial investment. However, you don’t want to have to deal with tenants, chase them to pay their rent and all the associated management issues that come with it. Why not consider using a lettings management service?
Standard letting agents will act as your marketing and screening tool for your rental properties. After you’ve met with the agent of your choice, they will come to your home and help you determine the best price for renting your property. They will take pictures of your property (just like an estate agency does when selling a property), and then start marketing your property. Advertising in local papers, the agent’s website and other websites to which they are affiliated may all be part of this. Many letting agents are now using social media platforms like Facebook, X, and Instagram to reach out to as many tenants as possible. For advice on Letting Agents Cheltenham, contact a site like www.meandyouestateagents.co.uk
The agent will then arrange for a viewing to show the prospective tenant around your property. Once they have found a tenant who wants to move in, they will take care of all the necessary arrangements. They will conduct any background checks and get them to sign tenancy agreements and pay the required deposits etc. The agent will be present on the day of the tenant’s move-in to perform an audit which includes an inventory of any furniture and fittings that the landlord has supplied.
Some agents who let your property will also act in the capacity of management agents. They will take action on your behalf if any problems arise with the property, such as tenants experiencing issues with the heating or other issues. You won’t be flooded with calls every time your tenants have a problem. The agents will call you once they are done resolving any major issues, such as a lack of heat. The agents will take over once you give the okay to do any work.
This service provides peace of mind for landlords who want the benefits of letting their property but without the hassle and stress of hands-on day-to-day landlord responsibilities.