With the rise of online property portals, there is now a whole new breed of letting agents out there. Online letting agents do everything a regular letting agent does, but they operate purely online. You can still contact them and deal with real people, but there is no shop front. For landlords used to dealing with a traditional letting agent on their local high street, the thought of doing business with an online agent may be a bit scary, but there can be a number of advantages.
How do Online Agents Work?
When you sign up for an online letting agent, you upload your property details on to their website and they advertise it on the big property portals. Any enquiries are then fielded back to you so you can organise a viewing.
Some online letting agents also offer a management service. Not only do they market your property and find new tenants – they also oversee rent collection and provide property maintenance.
Online agents market rental properties across all of the major property portals. As an individual, you can’t upload your property details to the bigger sites such as Zoopla and RightMove. An agent has to do this for you. Signing up for an online letting agent means you have access to the larger sites, which is essential if you want the best possible chance of attracting a tenant.
As long as you choose your online letting agent carefully and don’t get stuck with any outrageous fees, there are very few disadvantages. For landlords who are happy fully managing...
their properties, an online letting agent can provide a useful marketing service. However, if you prefer dealing face-to-face with agents, this service might not work so well for you.
At the end of the day, if you need to use a letting agent choose the one that offers the best service for you. Either way, always keep a close eye on your running costs and make sure you don’t get ripped off. Use your landlord software to do this, as it will keep track of expenditure from day to day.
By Amer Siddiq,LandlordZONE® Forums