6 Important Questions That A First Time Landlord Should Ask Letting Agents

Are you thinking of giving away your property on a rental basis? If you’re a first-time landlord, before jumping into the unknown pool of tenancy, make sure you appoint a letting agent to help you with the job. Letting agents are here to ease your job. They find the tenants, arrange the monthly rental values, and help the landlord crack the deal effectively.

For first-time landlords, they should ask a few questions before selecting a letting agent.



 

What are the questions to ask a letting agent?

How much rent will the property earn?

First, let the letting agent take a tour of your property and ask about the rental value that the property will fetch. They have experience and can give you a rough estimate of the same. Depending on the estimation, you can decide whether or not to let out the property.

What are your tenant-finding techniques?

It would be best if you enquired about the ways letting agents find tenants. This will reassure you that the one you’ve selected will fetch you the best tenant for your property. Also, enquire about the screening process and the references that the letting agents get for finding the tenants.

What should you do if the tenant suddenly leaves the house?

 Choosing a letting agent is a vital decision. Hence, remember to ask this question. Suppose, under any unforeseen circumstances, the tenant leaves the house suddenly before the end of the tenancy period. In that case, the letting agent must find a replacement. Ask them about the way they deal with such pressing situations.



How will you deal with the tenant-landlord issues?

Tenant and landlord issues are a common occurrence. If the same becomes grave and beyond the control of both parties, then the letting agent will need to interfere. Make sure you ask the letting agent how they behave and if they control the issues so that they help you during such issues.

 What is the feasibility of the property’s location?

Make sure you also ask the letting agent about the feasibility of the property's location. They have proper market knowledge and can help you with proper information.

 What are the accreditations and reviews at your end?

Lastly, knowing about the accreditations and the reviews of the letting agent is equally important compared to the other questions. It will give you complete peace of mind.

 

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