Whether or
not to hire a letting agent when letting out your property is a big question
that most people looking to let out property ponders upon. These days, there
are many venues that allows landlords to let out their property easily, and
there are many people who have had and continue to have a good experience doing
it all by themselves. And, then there are some who were unlucky and hit up with
a bad tenant or lost a lot of money while looking for a tenant without any
success. There are many pros and cons about hiring a letting agent, and whether
you want to hire a one or not can be considered more accurately when you look
at the below mentioned factors
Pros –
When you
hire a letting agent, you actually gain the power of their marketing skills and
a huge marketing network in the real estate scenario that they possess. They
would advertise your property at various online and offline venues, where a
landlord by themselves cannot advertise. It helps in finding good tenant
quickly and effectively. Also, they can provide rent guarantee in case tenant
does not pay, and also does reference check on tenant they present to you. They
help you get the maximum rent, and ensure that the maintenance of your property
is taken care of well.
Cons –
The cons of
hiring letting agents docklands that
many people feel is their fees. This is what forces many people to believe that
they should find tenants themselves and market their property on their own.
They do have a hefty commission on the tenant deal that occurs. Also, often
times, the maintenance bills that they present can be inflated, because they
might have a cut from the workers that did the maintenance job. They also might
be irresponsive at times when it is taking time for them to find tenant for
your property, and you might lose out on considerable time at times.
These are
the few pros and cons that you must consider before you get started on your
search for docklands estate agents e14. It would help you make an informed
choice when letting out your property.