As a landlord, are you wondering whether you should work with a letting agent in Rugby? Depending on your situation, working with a professional letting agent will usually save you time, money and stress!
If you’re a landlord wondering what a letting agent does, here’s everything you need to know to help you decide.
How Will A Letting Agent in Rugby Help?
Letting agents will do different things for you depending on the package you agree with them. For example, you can ask your agent to find a tenant, take on a proportion of the property management responsibilities or ask them to deal with everything!
Typically, here's what a letting agent in Rugby can do for you:
- Find a tenant for you: A letting agent markets your rental property in Rugby and finds the best tenant.
- Arrange the let: From collecting references and running credit checks to securing deposits and drawing up tenancy agreements, a letting agent arranges everything required to get the tenancy in place.
- Collect rent: A letting agent collects rent from your tenants each month (and chases up any late payments if necessary, according to the lease).
- Manage queries: A letting agent answers tenant queries, handles issues and deals with any maintenance or repair work that needs to be scheduled.
Can I Manage My Rental Property in Rugby Myself?
The decision to manage a property yourself must be carefully considered. It can be incredibly time-consuming, and you’ll need to be up to speed on all the latest legal requirements to ensure you’re renting in line with the law.
There are some benefits to managing a rental property without help from a professional letting agent – but only if you like being a ‘hands-on’ landlord. Managing a property yourself will only work if:
- You have plenty of time to deal with queries/issues
- You have excellent connections with a variety of tradespeople
- You’re up to speed on all the latest legislation
- You live close by
- You enjoy the management side of being a landlord!
What Are the Benefits of Working With a Letting Agent in Rugby?
Managing a rental isn’t for everyone! If you have more than one property in your portfolio, being a landlord can become a full-time job.
Here are four benefits of working with a letting agent instead of attempting to manage your rental yourself.
1. You'll Save Time
Working with a letting agent undoubtedly saves you time. Since they deal with tenant queries, rent collections, administrative tasks, legislation updates and everything else in between, you’ll have a stress-free approach if you work with a letting agent.
2. You'll Be a 'Hands-Off' Landlord
If marketing your rental property, dealing with tenant calls, chasing late rent and having to visit the property when maintenance issues arise isn’t the life for you, working with a letting agent in Rugby lets you become a hands-off landlord. This is particularly ideal if you live some distance from your rental property.
3. You'll Ensure Things Are Kept Legal
One of the biggest reasons to work with a letting agent in Rugby is that they will keep your property in line with the law. It’s a letting agent’s job to stay up to date with developments in legislation, so you don’t have to. If you’re a new landlord or you don’t have time to spend learning and understanding what’s right and wrong, a letting agent will help you keep things legal.
4. You'll Maintain Professional Connections
Sometimes, things go wrong. Whether it’s the boiler breaking down or a leak in the bathroom. It's likely your tenants will need a tradesperson at some point. Letting agents maintain professional connections with plumbers, electricians and other tradespeople that may be needed in an emergency, so you won’t have to worry about sourcing someone reliable for the job.
Horts Estate Agents Have Got You Covered!
If working with a letting agent sounds like the right decision for you, we’ve got you covered! At Horts, we provide expert letting agent services in Rugby, so you can be as hands-on...or hands-off as you like!
Call today on 01788 550044 or email us at lettings@horts.co.uk to learn more about our services for landlords.
