26 Oct 2016


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Whether you’re a seasoned buy-to-let investor or a first-time landlord, you will want to safeguard your investment. If you work full time or you live in a different area, overseeing your portfolio can often be hard to manage as there’s so much more involved than simply collecting the rent.

Your time is valuable; hence many landlords instruct a letting agent to manage the property on their behalf. Here we highlight a few ways how a good letting agent can help you sit back and relax while ensuring you get the most from your investment.

Letting agents minimise void periods

One of the biggest headaches landlords fear are void periods. A vacant property impacts on a landlord’s finances and while it is always sensible to factor in the occasional void period between tenancies, a good letting agent can help minimise them.

Through regular inspections a property manager will help to ensure that your property is maintained to a good standard which will help to retain existing tenants or attract new ones.

Lower maintenance and repair costs using the right contacts

Without a doubt, there is no surer way to infuriate your tenants than failing to respond to an emergency quickly. Would you want to be disturbed while you were away on a family holiday to be told that a pipe had burst or that your tenant was without heating and hot water? A managing agent will provide their tenants with a list of emergency contact numbers in the event that something unexpectedly goes wrong.

This pool of qualified tradespeople and experts means you won’t have to worry about repairs or certificates, or compliance in an increasingly complicated world.

They know the legal requirements and what you need to do to comply

There is a lot of legislation to understand when it comes to privately renting out a property. Letting agents can manage the whole process for you including renewing the tenancy agreement, registering the tenant’s deposit through to ensuring all other legislation is complied with so you can be confident that you are meeting all the necessary requirements.

Some managing agents will also provide a free rent guarantee which covers you if your tenant falls into arrears, giving you full peace of mind that you won’t be out of pocket.

Finally, your letting agent will have a good understanding of trends and will understand the property market in your area, ensuring you attract the right tenant and achieve the best price.

The bridge between you and your tenants

Attracting and retaining good quality tenants is one of the most important aspects of being a successful landlord and it makes good business sense to encourage them to stay longer.

By using a letting agent to manage the entire rental process, you are guaranteeing your tenant that they will have professionals on hand to respond to their queries and to act promptly in the event of an emergency; meaning you can enjoy the revenue from your investment(s) without the everyday stress.

Talk to our team of ARLA qualified experts

Gibbs Gillespie has over 25 years’ experience managing investment properties. Whether you have a portfolio already or want to let your first property, contact the team at your local branch or pop along and speak to one of our property experts in person and discover a refreshingly different approach to marketing your home.

We look forward to hearing from you.

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