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Landlords Advice: The Pros and Cons Of Using A Lettings Agent in Peterborough

Landlords Advice: The Pros and Cons Of Using A Lettings Agent in Peterborough

A lettings agent in Peterborough will provide you, as a landlord, with a range of services. These services can often be tailored to your needs and requirements. However, as with everything, there are pros and cons to using a lettings agent in Peterborough.

The Pro’s Of Using a Lettings Agent in Peterborough

  • Stringent vetting, checks and referencing will take place so you will be more likely to have reliable tenants living in your property.
  • The stress of the secure deposit protecting scheme is taken off your hands and we take care of it for you.
  • Your lettings agent will handle all the paperwork for your rented property and keep it secure for you.
  • The nasty part of collecting rent and chasing any rent arrears, if they occur, is taken care of on your behalf.
  • Day to day property management and maintenance issues are dealt with and resolved by the letting agent.
  • A professional lettings agent will be able to achieve a higher rent for your property than you may be able to achieve yourself.
  • You don’t need to be an expert in legislations because the lettings agent is. They will ensure that you are aware of any changes to the legislations so that you are able to make sure that your property complies.
  • You will have an impartial and objective buffer between you, as the landlord, and your tenants.
  • If issues do arise from your tenants you will be in safe hands as your lettings agent is experience in dispute resolution. If a tenant need to be evicted your letting agent will know how to do it in a legal and effective way.
  • Using a letting agent will reduce your workload and stress of renting out your property.

The Con’s Of Using a Lettings Agent in Peterborough

  • Lettings agents don’t work for free and will charge a set up fee as well as a percent of your rental income. Make sure you check the charges and understand the services included before you start working with a letting agent on your property.
  • If there are any problems with the property or the tenant and additional paperwork or administration is required then you will need to pay extra in some cases. However, if the issue is the eviction of a tenant you will know you’re in safe hands because an experienced lettings agent will deal with the matter effectively and legally.
  • If repair or maintenance work is required on your property, the letting agent will organise a quotation for the works to be carried out on your behalf. This will take the stress and hassle away from you of finding a reliable handyman or tradesperson.

As with everything in life, weight up the pros and the cons before you make your decision. If you decide that a professional lettings agent in Peterborough will take the stress and hassle away for you then call us now 01733 567124 . We would be happy to manage your rented property for you.