Whether you are a new or experienced landlord thinking about renting your properties without any hassle, then letting agents can be very helpful. Their services will help you market and manage your rental properties.
However, choosing one among them can take a lot of work with the option of letting agents available. To find the right one, you need to ask them a list of questions- these will help you make an informed decision. In this article, we have listed some important questions you can ask letting agents in Romford.
What Are Their Accreditations?
Before hiring any letting agent, find out they are the member of which trade body. All the letting agents in the UK need to join either of the property redress schemes:
- The Property Ombudsman
- The Property Redress Scheme
Make sure your letting agent is registered and they are also a member of one of the client’s money protection schemes.
What Are Their Track Records?
As you will be handing your rental property operations to your letting agent, learn about their track record and success before hiring them. Going for someone experienced and successful will give you peace of mind. Try to understand if they have all the knowledge about the current market situation.
How Many Rental Properties Does Each Manager Look After?
A manager managing a huge number of properties can sound impressive, but that can affect the quality of the service. So, find out the number of properties your letting agents in Romford manage and for how long the landlords have been using their services. Go for someone with a strong reputation and good customer servicing skills.
What Is The Potential Rental Income Of Your Property?
It is a good idea to know your agent’s valuation regarding your property’s potential rental income. Ask them the reason behind the value they have given, which will help you get an idea about other rental properties in the area. If they cannot answer this, their market knowledge and attention to detail skills might be questionable.
What Are Their Marketing Tactics To Attract Tenants?
Finding suitable tenants for your rental property is the duty of your letting agent. So, you should ask which marketing techniques they use to attract new renters and how they conduct viewings. The last thing you would want is to let anyone inside your property without the supervision of a letting agent. You can also ask about their tenant’s database and ask them how they will contact those tenants.
Conclusion
The letting agency you hire should be flexible and open on days that are convenient for you. Ask on which platforms they will mark your property; they should have access to the top platforms. A good letting agent will be able to answer all these questions without any issues.
