How to Choose A Letting Agent in Richmond Who Manages your Property Portfolio?

A key feature of a successful property investment is a good network people that help you systemise and scale, leverage and achieve the best results from a property on rent. Your letting agent can help manage your property, cut down on mistakes and save you heaps of time.

A suitable letting agent may also manage a series of rental properties for your investor portfolio and create opportunities that you may not have been able to manage as an owner.

Hiring letting agents in Richmond has its share of perks and incentives. A good letting agent is an asset for a property owner who has multiple properties in a given area and wants to lease or rent out to a number of people. You also will not lose out on rent and make use of the specialist experience a seasoned letting agent has.

Where and how to look for a letting agent?
As the owner, you need to look professionally at the high street and check the mix of national brands, smaller independent agents and regional letting agents.

1. Choose a letting agent that can target the tenant profile you are looking at. You should be able to opt for a letting agent that has experience in the target market of your choice. These could include family lets, houses of multiple occupations or HMOs, students and working tenants or those on housing benefits.

2. Figure out the location constraints as much as possible. Check whether the target area of the letting agent is around the location of the property. The letting agent can manage properties out of their ‘usual’ area if they have portfolio landlords. This will help you as a landlord. You can have one point of contact and easier admin when they are based in the area itself. A good letting agent will be able to leverage local knowledge and cut down the risks of renting to a bad tenant.

3. Try and seek letting agents via recommendations and manage properties with the help of someone who understands the rental market well. You can also rely on word of mouth recommendations. The idea is to narrow the search for a letting agent to about three. They should ideally have experience in the target tenant profile and are available for face to face meetings when the time arrives. A letting agent can help a property investor save on time and help make more money in the long run.

Most property owners think that self managing has its perks. They think that in this way they will be able to save some pounds. But hiring a very good letting agent is the panacea for all property worries in the long run.