When it comes to managing a rental property, finding and dealing with tenants can be a tedious part of the job for the landlord, especially if they have multiple properties. On the other side of the coin, dealing with a distracted, not-necessarily communicable landlord can be a real pain for the tenants.
This is where letting agents come in.
When it comes to letting agents, we thought we would ask one about how they benefit both landlords and tenants, as sometimes, people think they only act for one or the other, so we spoke to Alex Clark Lettings who offer this service in the Gloucestershire area.
Offering services such as rent collection and helping advertise and rent out a property, letting agents can make a big chunk of the letting process much easier on the landlord. Not only does it help save time wasted dealing directly with clients, but it can help you make sure your property remains occupied. They handle to day to day mundanities such as rent collection, allowing you to sit back and let the property rental handle itself. Having a great letting agent can really allow you, the landlord, to sit back and realise the automated income lifestyle you’ve always aimed for.
When it comes to living in rented property having a great, reliable and trustworthy face to deal with can make things much easier and less stressful to deal with. Knowing exactly where to turn to when you’ve got questions or need something sorting out can be a load off a tenants mind. On top of that, any assistance when finding or moving in to a new property can be a huge help, as moving home is often found to be a very stressful time in anyone’s life. Rated as the third most stressful life experience, just behind childbirth and divorce, moving home is not to be taken lightly, and any help is often hugely appreciated.
Benefits For Landlords
Let’s face it, no one invests in properties for the fun of it. People purchase and rent out properties for income and investments, and to enjoy new, automated income lifestyles, eventually. Property rental can be a good way to achieve this, once the mortgage is dealt with. With steady and reliable monthly incomes, letting property can be a great way to make your living, but you don’t want to be spending all your time dealing with tenants.
Empty properties cost landlords money. You’re not covering potential mortgage repayments, and the property is not making any money. It’s the worst situation to be in as a landlord. This is where letting agents come in. When it comes to dealing with renting out a property, and managing the day-to-day nitty gritty of rent collection and other aspects, letting agents can be incredibly useful.
Everyone’s eventual aim is to automate as much of the letting process as possible, and letting agents hep you achieve that. Imagine a day when you can just sit back, completely work free and let your income roll in. That’s what letting agents can help you accomplish.
Benefits For Tenants
When it comes to renting a property, there are some things that are a time-old pain to deal with. Having a less professional landlord is one of those things. This means that having a third party between landlords and tenants can give a much friendlier, profession and communicable face for the tenants to deal with. A letting agent can help tenants get repairs and changes completed quickly in the property, making sure landlords get round to getting key parts of the property fixed if needed.
They also handle rent collection, which can make things easier.
Letting agents give tenants a friendly, professional face to reach out to and deal with if needed. This can be ideal if the landlord isn’t really a customer service type, and isn’t all that accessible. With set work hours where they can be reached, a friendly and professional demeanour and a full understanding of the industry and situation, letting agents can make life much easier on the tenants of a property.