Although recent legislative changes may have made some landlords reconsider their buy to let investment, there is still a strong market for those looking to rent property and a good income from it. Landlords are often time-poor and therefore prefer to pass their properties onto a letting agency that can take care of all their responsibilities for them. Offering a one-stop shop, being available when they need you and providing them with excellent communication will help to secure your agency’s reputation as a valuable partner.
Letting agencies can do many things to attract landlords including drafting comprehensive property particulars, marketing properties on all the key websites, conducting viewings and carrying out references and checks. They can also provide advice and guidance to prospective landlords on how to maximise their return and manage their property well. Landlords will usually pay an agency a percentage of the monthly rent in exchange for these services. For Letting Agents Gloucester, take a look at https://www.thomasandthomasproperty.co.uk/
A reputable agent will also be able to filter out rubbish tenants and will generally charge a registration fee and referencing fee to ensure that the prospective tenant is committed to the tenancy. This will prevent landlords from being let down by rogue tenants who may not pay their rent or cause damage to the property.
Letting agents should also seek to build relationships with existing landlords by putting on events, offering referral incentives or networking at local landlord groups and conferences. This helps to promote their expertise and will encourage existing landlords to recommend them to friends and colleagues.
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