A good letting agent will be able to find you a tenant that will pay your rent on time. They should also be able to provide you with references and credit checks.
A Glasgow letting agent will be familiar with all the relevant legislation that landlords must follow, including ensuring that the property meets health and safety regulations. They can also perform regular inspections on your behalf.
Help Find Tenants
Finding reliable tenants is one of the most important tasks for landlords. Letting agents can help with this by referencing, managing enquiries, conducting property viewings and preparing the tenancy agreement. They can also help with other administrative work like collecting rent and handling deposit disputes.
Some letting agents may also offer guaranteed rent policies, which can cover the cost of your rent should your tenant default on payment. This is a good option for landlords who want to minimise their risk of losing money on unpaid rent.
Manage Properties
Depending on how involved you want them to be, some letting agents will offer a fully managed service. This will usually include a tenant-find fee (normally around a month’s rent), marketing your property, carrying out references and Right to Rent checks, arranging and attending viewings and drawing up the tenancy agreement.
They will also take care of things like rent collection, property inspections and maintenance issues. They may even handle disputes with tenants and if necessary, perform evictions.
Help With Legal Issues
As a landlord, you will need to meet certain legal requirements and inspections when letting out your property. A letting agent is well-versed in all of the latest laws and can help you with this process. They will also have contacts for reliable workmen to carry out necessary repairs quickly and effectively.
Landlords often face issues with tenants not paying their rent on time. This can be stressful and time-consuming. A letting agent can take care of this for you, by collecting the rent and deposit each month and then forwarding it to you.
Maintenance
Many letting agents will offer a fully managed service, which means they will take on much of the responsibility for your property and your tenants. They will carry out referencing, perform regular inspections, create an inventory and arrange maintenance as needed. They will also handle deposit disputes and renew tenancies at the end of the tenancy.
All properties require routine maintenance and repairs, and a good letting agent will have connections with contractors and tradespeople like plumbers and electricians. They will also be aware of the latest landlord regulations and will be able to act quickly if there are any issues.
