6 Reasons why Lettings Agents are FAB!

1. Letting Agents save time for landlords.

Letting agents can get landlords’ properties listed on the net and in front of millions of potential tenants within hours. Good lettings agents are signed up to the top portals (Rightmove, Zoopla, Globrix etc) which private landlords do not have access to.

2. Letting Agents save time for tenants.

Tenants can quickly see what properties are available with agents and can be taken around a wide range of properties which suit their requirements. Tenants can request to see all properties within a particular budget/ postcode and see everything on offer to enable them to make a decision

3. Letting Agents get landlords’ property let quicker.

Lettings agents work full-time at getting properties let and are only paid on results. If they do not let your property they do not get paid. This motivates most agents as most people want to get paid for going to work! Plus, they have access to further market resources built from within the business (tenant enquiry lists etc)

4. Letting Agents get landlords more rent.

Letting agents command a more premium rent because of their access to the marketplace and their knowledge of the local rental market. Letting agents offer expertise and contacts within the market which most landlords do not have.

5. Letting Agents have access to good trades people.

Most successful letting agencies have a team of trusted and tried trades people who they work with. Having access to such a resource is valuable when things go wrong. Most agencies have negotiated better rates with the trades people due to the volume of work – meaning landlords get better quality work at discounted prices. Tenants benefit from reliable and trusted work being carried out at their home.

6. Letting Agents are tax deductible.

Landlords who use lettings agents are able to deduct the cost of the service from their property income. Whereas if you manage the property yourself you cannot bill for the time you have spent on the property. That means, when you’re managing your own property you’re doing it for free (in the eye’s of the tax man) – but get a letting agent in and you can charge it back.

Sam Collett

A guest post by Sam Collet, the owner of Virtualletz, online Private Lettings Portal Landlords can upload their property to rent without the cost of agency fees, Tenants can search for property and create their own Wanted Property Ads free of charge. Follow Sam on Twitter.