Once you’ve invested in a good property, you may find it tough to manage it on your own. You must find an efficient letting agent who can help you in this regard. Like any other business, you’re likely to come across letting agents that yield effective or inferior quality.
In your attempt to choose the right letting agent, you must determine what you actually need to look for. Don’t forget that they’re going to gain an easy access and control over your investment. Also, remember the level of stress that you’re likely to experience while dealing with such investments. A letting agent of good repute will always help you opt for a suitable landlord insurance policy.
Few signs of positivity usually seen among letting agents are mentioned below:
A portfolio that reflects great business opportunities
The portfolio of an efficient letting agent reflects a considerable amount of decency. According to a few industry experts, the portfolio of a letting agent looks good if it depicts around 100 properties to let under all circumstances. If an agent has his own properties to rent out, he’s more likely to empathize with you as a landlord and fulfill your needs accordingly.
Accepting membership of some accreditation scheme
A letting agent should accept the membership of any trade association in order to show his accountability. Being a member of the National Landlords Association is often beneficial for a letting agent.
A support network of tradesmen
Good letting agents like that of the Langley estate agents depend on a powerful tradesmen network that can be consulted when needed.
Earning few recommendations
You may consider achieving recommendations from other landlords while assigning a task to any letting agent. When it comes to measuring performance, this is certainly the most simplified metric. Even a few of the local tenants might be able to provide you with their opinion.
Running a tenancy smoothly
Upon choosing your letting agent, you’ll need to check if he’s performing all of his responsibilities attentively. Performing regular property checks and ascertaining inventories are among their mandatory tasks. In order to ensure a certain degree of safety, your agent must visit your properties on a regular basis.
Few signs that need to be checked too:
Lack of experience
In an attempt to smoothen up cash flow, letting properties is often approached by certain estate agents. Letting agents have certain responsibilities, but some of them aren’t equipped to handle these duties efficiently. It happens due to their lack of experience in coping with the needs of a landlord. Usually, a letting agent has to be in business for 5 years in order to be recommended for business.
Not belonging to any retail premise
Letting agencies need to begin working at specific points. If any such agent is working from within his home, it doesn’t necessarily that he’s not worthy of your business. However, you must consider such options in great details after taking the risk factor into account. It’s in your interest to hire an agent that operates from any retail location. You’ll gain more trust while working with Langley letting agents that carry a high-street image and signifies the credibility of their agency.