Services which a good tenant agency offers
If you are planning to move to a new area and letting your own home, then you have to manage both the houses, but sometimes people don’t have time to manage a rental property, so the letting agent can be the answer to all your landlord problems in exchange of rental agency fees.
The letting agent can take all the burden off your shoulder and work according to you. The letting agencies sometimes give you the choice according to the level of services.
Tenant-find only: They will market your property, show them to the prospective tenants which are around or searching the property around your area, check the references and also draw up the agreement of tenancy. They sometimes also collect the rent on your behalf and deposit it to you. You can also pay some extra for an inventory and also check in the moving in-day.
Collection of Rent : They serve you with the same services like the tenant find only and sometimes also offer you to collect the rolling weekly or monthly payment of rent.
Full management: The full management which offers you the services which is a combination of both the above services, and in addition to this they also manage the regular running of the property when the tenant is living there, and also includes the repairs and maintenance with returning the tenant’s deposit after the completion of inspection of inventory and no damages are being made can be answer of all block management.
They also take follow up of the missed rent payments and also sometimes offer the contract renewal and reasses the price of rent which is based on the market changes and renegotiates the rates with the existing tenant whenever required.
With the full management letting service you must be clear that how the agency is run by you and what are there expectations. Like for example, the full management means that they sometimes carry out the repairs as well without informing or letting you know. With the market value rent you also charge tenants which is included in the services which are discussed above. Sometimes the letting agents must also offer you a free rental valuation before the agreement.