Let’s face it – being a landlord isn’t as simple as handing over the keys and forgetting about it.
From staying up to date with complex legislation, to dealing with unexpected maintenance issues, the demands can quickly become overwhelming.
That’s why a letting agent can be so useful!
One of the biggest reasons landlords turn to letting agents is the reassurance that all legal responsibilities are being handled correctly.
With high penalties for landlords which fail to meet the law, not getting it right can be costly to a landlord – even if they didn’t know they were doing anything wrong!
With an agent, you can be rest assured that you are doing things by the book and are 100% compliant with new and existing laws.
It’s not just keeping you on the right side of the law that agents can help you with, but also taking care of rent collection, following up on arrears, and carrying out annual rent reviews to ensure your income stays in line with the market!
They can also handle deposit protection, and manage complicated legal documentation which can be easily overlooked.
Managing a property is a stressful thing to do, especially when unexpected issues arise, and you have other things going on such as a job, a family, and social commitments!
When you outsource to an agent, they can take over the stressful and time consuming parts so that you’re no longer on call 24/7 and can enjoy your time without interruptions!
But the admin side isn’t the only thing that a good lettings agent can help you with…
A good letting agent also understands the local market inside and out so they can assist you in getting the rental price correct, advising on when it can be increased and sharing any other market information that they think may be relevant to you.
A letting agent who works with clients day in, day out, will also know what tenants are looking for, when demand is high, and how to market your property to attract the right tenants.
Most landlords will know, thorough referencing and vetting is crucial if you want tenants that will pay on time and look after your property.
Letting agents can help with this, and drastically reduce the chances of someone renting your property that isn’t responsible and won’t treat it with care.
Ultimately, working with a letting agent gives you reassurance that the legal and admin side of being a landlord is covered – along with the marketing and management of the property.
If you’re a landlord around the Bicester area who is looking to outsource the management of your property/properties, we’re here to help you!
At IMS, our experienced team works with landlords on a daily basis, making the process as stress-free as possible so they can focus on other areas of their lives with complete peace of mind.
Get in touch today to find out more!
