Becoming a Landlord

One of the most important things to do when becoming a landlord is finding the best property manager.

1. When looking for a property manager, check the qualifications of the staff. Certification and membership of ARLA (Association of Residential Letting Agents) gives an indication of professional standards.
2. Membership of Professional Bodies such as NAEA (National Association of Estate Agents) and the OEA (Ombudsman for Estate Agents) will help to ensure you are dealing with a professional company.
3. An agent should always be able to advise you on all aspects, requirements, legislations and responsiblities of letting a property, as well as advising on how to make your property stand out from the others on the market.
4. Make sure the agent does thorough references of potential tenants, expertise in referencing procedures is essential.
5. Look for staff with excellent interpersonal skills. Communication is essential to provide the best service for both landlord and tenant.
6. Check that the service provided can be tailored to your needs.
7. Make sure you will receive regular property inspection reports to ensure your property is being looked after.
8. The letting agent should be able to demonstrate vigilance to changes in legal legislation and be able to provide you with free advice on compliance with regulations.
9. Check the property manager has an efficient rent processing service so the rent money will not be delayed.
10. Choose a friendly and approachable service, an agent should be constantly looking after your property.