Property investments are always a good idea. A well-maintained, modest residential unit is often high-yield and is rarely vacant.
Many property owners go into real estate investments looking to have passive income, and that’s often the case, given an established letting system is put into place.
There are many things to take into consideration when letting a property. The work doesn’t stop after the contract is signed. In fact, that’s only where the real work begins.
If you’re a property owner residing in the capital of England, but do not have the spare time to tend to your property and oversee all landlord responsibilities, then the best action would be to hire a letting agent in London courtesy of letting companies like Oasis Living.
In this article, we’re going to discuss what is a letting agent and why they are the best partner if you are a property investor.
Letting agents are professional individuals who are in charge of facilitating all aspects of letting in British countries. In this case- London.
A property owner hires a letting agent to take charge of finding tenants as well as collecting rental fees once the contract is in full effect.
They see through agreements between the landlord and the tenant, ensuring that every aspect is well taken care of before the tenant moves into the property.
They are tasked with all the responsibilities falling under the landlord’s name such as communicating with the tenant, handling maintenance or repairs on the property, as well as moving in and out of the tenants.
Letting a property is a meticulous task. It constitutes a lot of steps, especially on your end as the owner, to successfully put your property on the market.
Real estate transactions are also time-consuming and laborious, which is why most landlords look to professionals for help in taking care of these matters.
This makes a letting agent synonymous with convenience as you are guaranteed that your property is in safe, experienced hands.
These professional agents are experts in the letting industry and know how to deal with every type of tenant.
For a landlord, one primary worry could be unmanageable tenants who simply refuse to pay rent on time— worse, not pay at all. This action could lead to interruption of your income, and as the landlord, this is the last thing you would want to happen.
Letting agents will take care of this matter for you. They will handle rent collection, depending on your arrangement, and ensure that this is accomplished on time.
A letting agent in London is also responsible for all the nitty-gritty aspects of property letting. This includes taking care of all of the legal variables as well as being in charge of property inspections to ensure that all tenants are provided with the best living conditions possible.
With a letting agent taking care of your property, all that’s left for you to do is enjoy the return on investment from the fruit of your labor.
To summarize, having a letting agent to look after your property means that so many responsibilities will be taken off of your plate.
The key here is finding a professional and skillful letting agent as their attitude would say a lot about how they will handle transactions regarding your property.
One good tip we can impart to you is to hire a letting agent from a reputable and trustworthy company like Oasis Living to ensure that turnover of responsibilities will be well received as well as that these tasks will be properly implemented all throughout the tenancy.