What can a property management agency do for you

101 19
If you rent out a number of houses you will be fully aware of what work is needed to maintain these properties.  There is of course the property that needs to be properly functional at all times, but also the tenants take a bit of looking after.  When one of your properties becomes vacant it will need to be inspected.  Then if there is no maintenance work needed it's a matter of finding another tenant as possible.  But finding the right tenant can be very time consuming, there will need to be viewings arranged, and checks made.

A good Property Management Company takes all the stress and hassle out of renting properties.  When the property becomes vacant they will do the inspection and then carry out any necessary repairs.  Some agencies offer written quarterly inspection reports.  This is great for peace of mind.  You will be able to see that your property is being looked after and more importantly that an inspection has taken place. If work is needed the property agency will tell you each time a workman goes to your property with details of the work he carried out. A decent agency will send you maintenance updates and keep you informed on every single aspect of what the agency is doing for you.

Finding the right tenant can be tricky but with a property agency they will advertise the property within 24 hours, a TO LET sign will go up if appropriate.  They will arrange all the viewings and give you a feedback report of these viewings.  Once they find the right tenant they will do all the necessary checks and arrange the assured shorthold tenancy agreement.  Then there is the deposit to be collected and the handing over of keys.  This is all sorted out without you having to lift a finger. 

Collecting rent is another headache for many landlords. Outsourcing rent collection to property management agency makes life easier.  They will make sure your rent always comes on time and they won't hold onto it.  You will get your rent straight away in the bank the same time each month. 

Some property agencies go that extra mile and offer things like Gas Certificates and Boiler Servicing.  Landlords building insurance gives you more peace of mind and this can be arranged for you.  Also if energy efficiency is one of your concerns an energy performance certificate can be produced.  

These are just some of the benefits a letting agency can offer landlords.  Basically you are left to get on with your life safe in the knowledge that your investment properties are in good hands.

Source...
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.