If you’re letting out a property for the first time there is so much to consider. You have to ensure that it meets fire and safety requirements, is properly insured and fulfils all the other obligations required by the market and the law. And that’s before you even find any tenants. With this in mind, we will look at online letting agents and how they can make your life as a landlord much easier.
What is an Online Letting Agent?
These are services which can handle everything from advertising for tenants to the signing of contracts and even the collection of rent. The benefits are clear in terms of ease of use, but we’re going to through some of the other advantages so that you can decide for yourself is you need to use one.
Save Money and Time
We mentioned that online letting agents can make your life easier. In addition to this, they will also save you money and time if you consider how much work you would have to do when it comes to advertising your property. A good online lettings service will do all of the marketing for you so that you can concentrate on the other aspects of being a landlord or even on your life and career.
Good online letting agents will not only advertise your rental property on the leading property portals, but can include items like floorplans, EPCs and even 3D virtual tours. All of this adds up to a professional marketing package that should draw in prospective tenants.
One great advantage of choosing an online letting agent is that all of your enquiries for the property can be handled by their team. This will give you the reassurance of knowing that potential tenants will be dealt with professionally. What’s more, it will free up more of your time.
If you are unable to handle viewings yourself, a good online agent should have a network of local experts in place to do this. So, you will know that your future tenants are going to be dealing with agents who possess knowledge of the industry and local market.
One of the biggest draws of using an online agent is that applications, payments and contracts can potentially be processed 24 hours a day. This could be convenient for both you and your future tenants.
So, if you are renting out a property for the first time it might be well worth investigating an online letting agent. But what do you think? Is it better to market your property yourself? Or do you believe it’s best to rely on the professionals? Feel free to let us know using the comments section below.