Dealing with letting agents has often been a scary experience for some homeowners, especially at a time when the industry is flooded with novices. It’s truly important for a landlord to do some research while letting his house so that he never loses out on a good tenant.
You may compare an instance of a slackened and pain-staking death to that of experiencing the consequences of hiring the wrong letting agent. Like a tenant, the ignorance of a landlord can cost him a fortune if they allow an agent to get away with all his shit. These days, you’re bound to catch up a number of online resources on how the letting agents can be judged. For instance, when you’re attempting to hire some letting agents Surrey, you may find a few expert agents that not only help you in identifying potential tenants in Surrey but also towards managing finances.
Charges pertaining to renewal of tenancy
Most of the landlords experience few key issues while interacting with the letting agents. The most important factor that a landlord needs to check is the fees to be charged by a prospective agent, especially since it’s often hidden in the detailed clauses. Landlords are mostly taken aback when they discover an exorbitant fee in the bill that’s forwarded by their agent. That’s one reason why it’s truly important for them to read the fine print more attentively and clarify all doubts pertaining to an agent’s pricing structure. Most of the popular agents in your neighborhood are likely to mention their charges upfront besides explaining the various elements of such costs. A contract that states all costs and necessities in details is much easier to follow, and a successful agent understands that.
Tenant or admin fees
A credit check is often eminent when a letting agent charges the admin fee to a tenant for processing his application. Most of the industry experts agree to the fact that the letting agents shouldn’t be charging anything to a tenant since the landlord is their client. However, a good number of them are still charging the tenants with exorbitant fees. Charging anything to tenants will lessen the prospect of tenant viewings thereby hampering the chances of conversion. Researching more on the tricks of this trade will compel a landlord to inquire about such inappropriate charges in advance.
The rate of faster response
An agent that replies to your inquiries more sharply and appropriately is deemed more efficient. He is certainly in a better position to judge the prospect of selling or renting a property more so when he possesses a detailed knowledge of the neighborhood. Even when someone is looking for a property to buy in Virginia Water, he’d expect a proactive move from his agent. You may compare a few agents on the basis of their response rates. Right from the moment you enter into a contract, you must count on the assistance of your agent.
An efficient agent is one that acts quickly regardless of whether his service is directed towards tenants or is managed fully. The price tags may vary between different levels. The failure of an agent in meeting and exceeding your needs doesn’t indicate the success rate of all agents. Another agent might just be able to offer you a better package than the one that you just contacted. The nature and cost of hiring an agent might vary depending on your actual needs.