If you’re an existing landlord or investing in your first buy-to-let property, you might be debating whether to let it out privately or through an agent. Here are five benefits of renting out your property with a lettings agent.
Fully comply with all renting legislation
As a landlord, there are numerous health and safety and other legal requirements you must comply with. Your letting agent will ensure that your property is fully up to date with all required certificates.
- Energy Performance Certificate
- Legionnaire’s Disease Risk Assessment
- Smoke and carbon monoxide alarms
- Tenancy deposit scheme
- Landlord licence
- Electrical Installation Condition Report
Property marketing and tenant vetting
One of the biggest benefits of letting your property with an agent is that they will find suitable tenants for you. Your agent will market their property through their various channels, including their website, print media and online property sites. Tenants are more likely to find your property when it’s advertised with an agency, and also more likely to trust renting with you.
Your agent will hold all viewings on your behalf, so you don’t need to be involved in the process at all. Tenants will be vetted and checked to ensure that they satisfy all Right to Rent requirements. When all checks have been passed, your agent will get all paperwork signed and collect your deposit.
Flexible management options to suit your needs
Lettings agents offer different levels of management to suit your individual requirements. At Graham & Co, we offer three levels of service:
- Full management service
- Tenant find and rent collection service
- Tenant find service
This means that you can be as involved in the management of your property as you would like.
Repairs taken care of
If you opt for a full management service, any faults with your property will be taken care of by your agent. Tenants will report problems directly to your agent who will use their trusted network of contractors to fix it quickly.
Regular property inspections
With an agency, your property will be subject to regular inspections, too. As a private landlord, it can feel intrusive or uncomfortable to arrange inspections of your property. Your agent will take of this for you and ensure that you are always up to date with your property’s condition.
If you’re looking to let out a property in the Andover area, get in touch with Graham & Co today.