In this article we hope to weigh the pros and cons of renting property so that you can make a more educated decision. One great idea is to use a landlord property management service to make the rental process extremely simple an easy to perform.
Utilizing a Letting Management Service Company
Deciding to become a landlord brings with it a full range of responsibilities, and this doesn’t just entail finding and renting to potential tenants. Anyone who has recently become a landlord, or foresees becoming a landlord in the future, needs to prepare for these added responsibilities in their lives. The potential landlord needs to take an inventory of everything that being a landlord encompasses, and one of the first things that a landlord should look into is taking advantage of all that a landlord property management team or company can offer them in regards to services. Why a full service company is better than that of several individual companies.
A company that offers fully managed services can be the lifesaver to a landlord, or landlord manager. What types of services does a fully qualified letting managed service company offer exactly, that might be a question that the potential landlord would ask. A letting management service company should offer the following services, and if they don’t, then the person becoming a landlord should seek out a landlord property management company who does offer letting management services as one of their landlord programs or landlord solutions.
Services offered by a letting management service company should include the following services at minimum.
Ë Their services should be fully managed services. What this means is that you the landlord does not have to get directly involved with any of the day to day operations of your rental properties. You own the property, and you sit back and reap the rewards of a steady monthly income, without all the hassles.
Ë The letting management service company should handle anything that is related to the collection of rent monies owed to you the landlord. This means that they also handle any legal issues that might arise while attempting to collect the rent from your tenants.
Ë There are very few letting management service companies that provide a landlord rent guarantee. This is an invaluable service, and one every landlord should have. What this means, is even if your property is vacant, you still collect the rent, so you don’t lose any revenue from having a vacant property. This guaranteed rent insurance can give you more peace of mind.
Ë The company should be listed high in search engine results. When someone searches Google, Yahoo, Bing, or any other number of search engines, the letting management service company you have chosen should at minimum display on the first page of the results. Ideally, they would be in the number one position. The better position they are in, then the better chance you have of actually letting your properties. In other words, they should be adept at online marketing techniques.
Ë Do they offer you the landlord online management tools. If you are away on vacation, do you have the ability to login online and securely access any and all information pertaining to your properties.
Ë How does the letting management service company select your tenants. Do they make use of all the landlord program tools that can be afforded to them to ensure you get top quality tenants.
These are just a few of the things that a potential or current landlord should be thinking about, and very seriously considering when partnering with a letting management service provider.
