Not only will they help manage your rental properties but find quality tenants and a property where tenants want to live.
If you're new to property investment, the friendly team at Bergins offers five tips to find reputable letting agents in Manchester - and advice on what a property investor should look for and do.
1. Reputation
The first thing you should look for in a Manchester letting agent is their reputation. A reputable letting agent should have a proven track record of successfully managing rental properties and a strong online presence with positive reviews from previous clients. That means checking out the company's website, social media profiles, and online reviews. You can also ask for references and contact previous clients to get an idea of their experience working with the letting agent.
2. Experience and knowledge
Experience and knowledge are crucial when it comes to managing rental properties. A good letting agent should have a solid understanding of local laws - such as selective licensing schemes in Manchester - and regulations covering the sector. Find out how long the letting agent has been in business and their level of expertise. You can also ask about their property management processes and the systems they have in place to ensure the efficient management of your rental properties.
3. Communication and availability
Clear communication and availability are essential for a letting agent to effectively manage your properties. The agent should be responsive and proactive in communicating with you, providing regular updates on the status of your properties and any issues that arise. They should also promptly deal with any tenant issues too. To gauge their communication skills, schedule an initial meeting with them and ask about their communication processes. You should also find out if they have a dedicated team to handle maintenance and emergency repairs.
4. Fees and charges
When it comes to managing rental properties in Manchester, the fees and charges will vary from one letting agent to another. As a property investor, you want to find an agent that offers competitive fees without compromising on the quality of the services provided. Find out the letting agent's fee structure and any additional charges such as maintenance or late payment fees. Make sure you understand the terms and conditions of the agreement, including any penalty fees for terminating the contract early.
5. Professional accreditation
Professional accreditation is a clear indication of a letting agent's commitment to their profession and that they will adhere to the best practices and ethics. The main associations and accreditation schemes are Propertymark and safe agent.
Reputable Manchester letting agents are crucial for property investors
Finding reputable Manchester letting agents is crucial for investors looking to manage their rental properties effectively - after all, you are investing to make a profit.
And by following these tips, you can find a letting agent with a solid reputation, experience and knowledge, clear communication, competitive fees, and professional accreditation.
Remember to do your research, ask for references and clarify any doubts before signing any agreements – by doing so you will ensure the long-term success of your property portfolio.
If you have any questions about sourcing properties for sale in Manchester and how to let them, you should speak with the experts at Bergins who can help find and manage a property for you.
