What Does a Landlord Letting Service Include?
Whether you are a first-time landlord or have been renting out property for years, it's important to know what services a letting agent provides. By understanding the services offered by your letting agent, you can be assured that your property is in good hands and that all of the necessary steps are being taken to secure a quality tenant. In this post, we will take a look at some of the most common services offered to landlords by letting agents.
What is a Landlord Letting Service?
A landlord letting service is a company that will manage the property on behalf of the landlord. This includes finding tenants, collecting rent, and carrying out repairs and maintenance. The landlord will still own the property, but the letting service will take on the day-to-day management.
There are many different letting services available, so it is important to choose one that best suits your needs. Some services will be more comprehensive than others, so it is important to compare what is included in each package.
The most basic level of service will usually just include finding tenants and collecting rent. This can be a good option if you are confident in your ability to manage the property yourself. However, it is worth considering a more comprehensive service if you do not have the time or expertise to deal with all the day-to-day tasks involved in being a landlord.
At Hadleigh, we offer fully managed landlord services which is the ideal package for landlords who are new to property lettings or would prefer an experienced letting agent to handle the lettings. Our fully managed service means that landlords can benefit from a variety of different services, such as not having to deal with emergency calls, having rent collected on your behalf, having the legalities taken care of for you, and you’ll also have a vetted list of potential tenants.
Services a Landlord Letting Service Include:
Here is a closer look at some of the things that a letting service may offer:
Finding Tenants: One of the most important services that a letting service can provide is helping to find quality tenants. The process of finding tenants can be time-consuming and frustrating, especially if you are not experienced in screening applicants. A letting service will have access to databases of potential tenants and will know how to properly vet them to make sure they are responsible and will take good care of your property.
Handling Paperwork: Another important service that a letting service can provide is handling all of the necessary paperwork. There is a lot of paperwork involved in renting out property, from the lease agreement to security deposit receipts. A letting service can take care of all of this for you, so you don't have to worry about it.
Collecting Rent: Collecting rent can also be a hassle, especially if you have multiple tenants. A letting service can handle this for you, so you don't have to worry about it. They will usually collect the rent electronically and then transfer it into your account each month.
Repairs and maintenance: If there are any problems with the property, the letting service will arrange for repairs to be carried out. They may also organise regular maintenance visits to keep the property in good condition.
Dealing with tenancy agreements: The letting service will draw up tenancy agreements and make sure that they are signed by both parties. They will also deal with any disputes that may arise during the tenancy.
Providing advice: The letting service should be able to offer advice on all aspects of being a landlord. This can be useful if you are new to the role or are unsure about any aspect of the law.
Contact Hadleigh Estate Agents for Landlord Letting Services
If you’re looking for a solution that can help you take care of your lettings, get in touch with Hadleigh today. Our letting agents are experienced and knowledgeable when it comes to helping landlords with their letting responsibilities. Our fully managed service helps take the hassle out of lettings and gives landlords peace of mind.