Managing your property is not easy. Often time landlords are stuck with agencies that lack transparency, don't advertise the property well enough and may not get you your desired return on investment.
Considering the stakes involved in property management it is important that agencies options are well researched to ensure better service, high yield and hassle free treatment. Estate agencies are often asked questions on how landlords can make better decisions in finding the right letting agency for their property. Listed below are five crucial factors that every landlord should take into consideration while choosing the right property management company.
MNC or Local? - One of the biggest dilemmas of landlords is whether to go with a local letting agency or a national one with branches across the country. Both have their pros and cons. While larger corporations may benefit from economies of scale they often lack flexibility as with any other big organisation. A local letting agency on the other hand is likely to provide you with a much more personalised service. In such a scenario it may be best to choose a letting agency based on their location. If you have a property in one city only, you might want to go with a local company that specialises in that area. On the other hand if you have properties across the country, you might want to go with a national company to avoid the hassle of dealing with different companies in different locations. Staff to property ratio: Generally speaking, 1:75 is usually considered a good staff to property ratio. This ratio is important in determining the individual attention your property is expected to get from the letting agency. If a letting agency claims to be managing 1000 properties with only 5 agents, then things might not ฝากขายบ้าน be as smooth as they seem. Marketing: Before you close in to choosing your letting agency, you might want to visit the company's website and look out for similar property listings. A good letting agency is likely to display professional images of the property with proper write-ups including all the minor details. You may also want to look up places where the property is advertised online (on other websites) and double check the images and property write-ups. Emergency response: No letting agency is open 24/7. In such cases checking an agency's emergency response system becomes a necessity for all landlords. Speak to the agency regarding their emergency response system and ensure it follows the guidelines. Ombudsmen Registration: Letting agencies are regulated by government authorities like The Property Ombudsmen (TPO). Agencies registered with TPO provide more provisions for a fair treatment in case of a dispute. In the unlikely event of a disagreement between you and your agency you may take this up with the TPO for a fair hearing. Registration with TPO also provides provisions for security of tenancy deposit, property protection etc.
The relationship between the landlord and the agency does not cease once the let is agreed. It's an ongoing relationship that develops with mutual trust and time. While it may take months and even years to realise the true potential of your agency, considering the above 5 points can help you mitigate your risks and ensure a hassle free property management experience.
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