Which lettings agent to choose

In this article we are going to examine which Lettings Agent to choose and some brief advice on the considerations you may want to bear in mind.

Why does it matter?

One of the most important decisions you’ll make as a landlord is which Lettings Agent to choose to manage your property and interests. With so many options both on and off the High Street, picking the best service for you can be a confusing and frustrating process. So, how can this process be simplified? Auditioning!

Auditioning Agents may sound arduous, but it’s the greatest way to find a service that fits your personal requirements. Like with any audition, you should be prepared ahead of time with a clear idea of what you expect.

What are your needs?

Your first task to decide is what you want from an Agent. What are your expectations of their service? How do they match your needs? For example, you may decide that swift communication with a dedicated Agent is important to you, so a smaller agency may be the best fit for your requirements. Ask the Agent how many properties they currently manage as this will give you a fair idea of their daily workload and how much time they can realistically devote to your custom. Alternatively, your priority might be less about communication and more about a quick tenancy find. Ask the Agent how many current prospective tenants they have on their database, but keep in mind that a large database doesn’t guarantee a quick tenancy- your property may not match the specifications of those actively looking.

Shortlist your expectations

Write a list of your Top 5 needs and expectations and ask the prospective Agent how they will endeavour to meet those needs. Have a list of questions related to those requirements with an idea of what responses you would find acceptable. Don’t be afraid to probe; an Agent should be ready and willing to answer any question you may have and elaborate on them.

Consider inviting a High Street Agent, an Online Agent, and an Independent Agent to value your property as they all offer different services with their own strengths and weaknesses.

Inevitably, the final decision is up to you, but with a bit of preparation and forethought you’ll find the perfect fit and will know which Lettings Agent to choose for your property.