Have you thought about what you would do with all the free time if you were to hire a property manager? Whilst you plan that, we’ve taken the time to list all of the duties and day-to-day tasks you would be released from. Hiring an agency to manage your rental property offers several benefits for landlords, particularly those who prefer a more hands-off approach or have multiple properties. Now, let’s get into it…
An Agency’s Expertise
Depending on how long the agency has been around (it’s been over 30 years for Interlet) it’s safe to say we’ve established a procedure for vetting tenants, as a landlord it can be such a tricky decision on who to accept as a tenant but letting an experienced property manager make the decision can lead to a higher quality of tenants who not only pay their rent on time but also take better care of the property. It’s also imperative for the agency to know what with the ever-changing laws & regulations landlords and tenants must follow, save yourself the hassle of having to constantly keep up with it all and let the managing agent deal with it.
Maintenance & Emergency Repairs
Most agencies probably have a black book of contractors and inspectors to help with anything you need, whether it’s as simple as painting a house or a pipe burst at 10pm. We have built relationships with reliable contractors offering reasonable rates for maintenance and repairs. It also our duty to do regular inspections just to make sure everything is in good condition, preventing small issues from becoming major problems.
Managing Your Finances
Tired of having to chase after rent? Unsure of how much you’re spending on the property? Having a property manager for your rental homes means that they will be in charge of rent collection, conducting financial reports, and tracking income and expenses. A property manager will have systems set in place to ensure rent is paid in a timely manner and chasing any late payments. They can also help to create and manage budgets for property expenses and any improvements.
Tenant Retention
You probably can’t be around all the time, whether you’re on a beach island in the summer or in a ski resort in the winter, so if a tenant has an issue they need dealing with ASAP it can be hard to manage, an agency has a whole team to help, so it’s never an issue. Property manager’s work to maintain positive tenant relations, addressing tenant concerns and maintenance requests in a timely manner can improve tenant retention. Therefore, leading to higher tenant satisfaction and longer lease terms.
Legal Protection
Agencies create thorough and legally sound lease agreements to protect landlords' interests, you don’t need to hire a lawyer or learn any property law. They manage disputes with tenants, reducing the likelihood of costly legal battles.
Marketing & Advertising
Marketing and advertising properties can become quite costly especially if you have more than one property to market. Agencies use various platforms to advertise properties and prioritise the properties they manage when it comes to advertising. They understand the local market conditions and can set competitive rates to attract tenants whilst maximising rental income. Saving you the time and money to have to advertise on your own.
Why choose Interlet?
While there are fees associated with hiring a property management agency, the benefits often outweigh the costs, especially for landlords who value their time and peace of mind. For landlords with multiple properties, an agency can efficiently manage the portfolio, allowing for easier expansion.
Additionally, effective property management can lead to higher rental income and better property care, ultimately enhancing the property's long-term value. Maintaining good relationships with tenants will result in long term leases, avoiding void periods and tenants respecting your property. It is also tax efficient for landlords, you can offset the expense with your taxes.
As a bespoke agency, we provide your own dedicated property manager to manage your property, with Interlet you will never be treated as a number. With over 30 years of experience, Interlet's comprehensive property management service allows landlords total peace of mind throughout the process of letting a property.
It has become increasingly difficult to keep up with the constant changes in property legislation, proving extremely tedious for landlords to manage their properties. Interlet's local network of trusted professionals work with our own team of tradesmen to ensure that properties are kept to an impeccable standard.
What services you can expect with Interlet:
· 24/7 response
· Architectural services
· Collection of rent and arrears
· Furniture and staging
· General handyman work
· In house refurbishment services
· Inventory check in/out
· Management of rent accounting
· Managing tenancy deposits
· Organising EICR and gas safety reports
· Professional in-house cleaning
· Professional inventory
· Quarterly inspections
· Routine and emergency maintenance
As much as we love to embrace the ever-evolving world of technology, we never want to lose that human touch. Now, take a step back and relax, let Interlet do the hard work.
