Thoughts on the property market in general

What does the job of a property letting agent entail?

estate agentRecently I was having a chat with a friend of mine who works at Holden Copley - visit website. It became very obvious that I didn't really know exactly what their job entailed. So, for anyone else who, like me, has never had experience of using a letting agent or property management company, here is what I found out...

Perhaps most importantly a letting agent's job is to find tenant to let the property. As part of this process the letting agent first needs to ascertain what the recommended rental value of the property which will usually involve the agent visiting the property and viewing it. Once a rental figure has been decided the letting agent will start to market the property, which might be through newspaper adverts, postings in local shop windows or on property rental websites as well as sometimes directly contacting possible tenants who might already be on the letting agents' books waiting for a property to come onto the rental market.

It is also usually the job of the letting agent to show prospective tenants around the property and to then act as a mediator in any discussions over the rental figure or what is going to be provided in the property. In addition, the letting agent will also supply the tenancy agreement for both the landlord and tenant to sign, which is the contract that contains details of the rights and responsibilities of both of the parties involved. Additional services that a letting agent may offer include an inventory check of the contents of the property and the condition of each one, which can help to prove if a tenant has damaged something in the property, as well as vetting service for prospective tenants to help ensure that they are going to be able to meet the rental payments. Some will also offer services that include arranging for cleaning or repair of the property before a tenant moves in and this is what property management really is.

Many estate agents will act as letting agents and will also offer property management services to landlords and this can be very useful for those landlords who may live a long way away from the property or just don't want to get closely involved with looking after the upkeep of the rental property themselves. So, if you're ever in the fortnuate position of having some property to rent out, you have a better idea about the kind of services that you might expect to get from your letting agency.

18.8.17 06:13, kommentieren

What letting agency services are offered by many estate agents?

landlord’s agentsA few days ago I was having a chat with someone who works at Holden Copley - visit website. It became quite apparent that I didn't really know exactly what they did. So, for anyone else who has never had experience of using a letting agent or property management company, here is what I found out...

First and foremost a letting agent's job is to find a suitable tenant to let the property. As part of this process the letting agent first needs to ascertain what the recommended rental value of the property which will usually involve the letting agent visiting the property and viewing it. Once a rental figure has been agreed upon the letting agent will start to market the property, which might be through local newspaper adverts, postings in shop windows or on property rental websites as well as sometimes directly contacting prospective tenants who might already be on the letting agents' books waiting for a property to come onto the rental market.

It is also normally the job of the letting agent to show would be tenants around the property and to then act as a mediator in any discussions over the rental figure or what is provided in the property. In addition, the letting agent will also provide a tenancy agreement for both the landlord and tenant to sign, which is the contract that contains details of the rights and responsibilities of both parties involved. These are the basic services that a letting agent will offer, but there are also other things that many will do too.

Many estate agents act as letting agents and will also offer property management services to landlords and this can be very useful for those landlords who don't want to be personally involved with looking after the upkeep of the rental property themselves. So, if you're ever in the fortunate position of having property to rent out and you need the services of a letting agency in Nottingham, or elsewhere, you now have a little more idea of the services that you can expect them to provide.

12.7.17 01:42, kommentieren