- Property Management Systems
Which Letting Agents in Derby Should I Use For My Buy To Let Portfolio?
by
Steve Brunner
If you are looking for letting agents in Derby then you need to know what criteria to use to discover which one will serve your needs best.
Whether you have just one buy-to-let property or a large portfolio, you need to be sure that you have the best management services on hand at any time to ensure the smooth running of your investment.
Many new entrants to the buy-to-let world opt to manage the letting to tenants themselves. This can seem like a good saving on fees to professionally managed letting services but can be a false economy. If you do not know what you are doing there are many pitfalls and problems you will face if you do not appoint a reputable letting service.
So what exactly will a Derby letting agency do for me?
Some letting agents in Derby will charge a setting up fee for each property. Make sure you know what this cost is and why the letting agent is charging it. If you look around you will find reputable landlord services in Derby that do not charge a set-up fee but instead offer a more attractive all in one monthly cost. This is useful for any level of property portfolio but is especially helpful when you are just starting out as you can monitor you costs very closely
A good letting agency will provide a free market appraisal of your property and let you know what you can expect as a regular monthly income based on their local knowledge and expertise, valuations vary between agencies so look for the best return on your investment not just the lowest rent
They will check out any prospective tenants to ensure that they have affordability, income and have good references to ensure they are suitable for your needs
Rents will be paid to you on a monthly basis without fail and any problems notified to you quickly in order to resolve any cashflow issues
They will provide regular inspections to ensure that the tenants are caring for the property as you would expect them to do. Some lettings agents in Derby will only provide six monthly checks three monthly is better especially when it is a new tenant
What should I look for when searching for a reputable Derby lettings agency?
Look out for accreditations such as ARLA (Association of Residential Letting Agents), the Property Ombudsman and the National Approved Lettings Scheme. All ethical letting agencies will be members of these schemes in order to protect both landlords and tenants from any legal issues
Look out for money back guaranteed services. If a letting agency is up to the standards expected then they will have no qualms about providing such a guarantee to provide you with extra peace of mind when letting your property through them
Ask for client testimonials from existing or previous landlords who have used their services. Any Property Rental Derby agency worth their salt will have these and will be happy to supply them to you
Ask if they provide an all-inclusive monthly payment which will cover everything from setup to check out of tenants, marketing of your property and management of the rent and maintenance costs. A Low monthly fee is offered by some lettings agencies but this can cost you more with additional fees that are not disclosed at the outset
In conclusion, if you need a Property Management Derby service and have Property to rent in Derby make sure you do your homework as the costs and level of service vary greatly. To obtain a FREE valuation of your property and find out the benefits of a monthly all inclusive service