Becoming a Landlord
One of the most important things to do when becoming a landlord is finding the best property manager.
- 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.
- 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.
- 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.
- Make sure the agent does thorough references of potential tenants, expertise in referencing procedures is essential.
- Look for staff with excellent interpersonal skills. Communication is essential to provide the best service for both landlord and tenant.
- Check that the service provided can be tailored to your needs.
- Make sure you will receive regular property inspection reports to ensure your property is being looked after.
- 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.
- Check the property manager has an efficient rent processing service so the rent money will not be delayed.
- Choose a friendly and approachable service, an agent should be constantly looking after your property.