Wednesday, September 11, 2013

Property Management Agents useful for Landlords

Could a Management Agent be a good resource for Landlords to use while letting their properties?  A good letting Agency could be a valuable source. They can provide a range of services from collecting the rent, managing the tenancy issues and day to day running of property issues.
Even if a person is an active landlord and choose to manage the property himself, it will largely depend on one's circumstances. If you are an owner of large number of properties located in different areas then surely you wont be able to manage it effectively on your own. Not only it will cost you financially but also it will be stressful regarding the time and physical activity. Also you may not want to deal with all the legal and financial aspects of the tenancy directly on your own. You will be better off while a professional is handling all this stuff. That's where management agencies kick in. They will provide you with a range of services that will make the tenancy process easy and relatively less stressful. The management agencies will provide a range of services including:

Sourcing suitable and reliable tenants for the property
Accompanying potential tenants to view the property
Obtaining references and conducting credit checks on potential tenants
Preparing the tenancy agreement 
Organizing and managing the collection of the tenant's deposit
Collecting the rent from the tenant
Transferring the rental income to your account and providing you with statements of account
Managing and arranging any necessary repairs
Providing tenants with notice at the end of the tenancy
Re-letting the property as quickly as possible
Advertising your property to potential tenants

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