The Chancellor’s recent announcements have left many buy-to-let landlords angry, upset, and simply confused. His promises will see tax relief for landlords being cut from April 2017, and from April 2016, stopping landlords from having the right to claim 10% of their rent against wear and tear costs. It is yet another hassle for landlords, who are forever struggling against ever-changing legislations and requirements. Altogether, it is no surprise that more and more investors are turning to lettings agencies to help manage the property, the tenants and, crucially, the paperwork.
Lettings agencies allow landlords to sit back and finally relax as they sort everything out. Although some Lettings Agencies have bad reputations for exploiting landlords who take this hands-off approach by overcharging for basic services, these are in a vast minority. One easy way to judge how reputable an agency is is by looking if they have any accreditations with professional and regulatory organisations such as ARLA or RICS.
Another safeguard some landlords take to make sure their Lettings Agencies will give them and their properties the right attention is looking for a smaller agency. A smaller agency allows landlords to truly build relationships with the company as the same agents personally manage and take care of their investments from the outset.
Once the perfect Lettings Agency has been found, landlords are then able to pass the responsibilities over with ease. Even before a tenant is found, the landlord’s duties are lessened as Lettings Agencies are in charge of all legal precautions. The relevant safety checks are taken care of such as gas safety, electrical and appliance checks (depending on the property size).
Then, when it comes to finding a tenant, it is in a Lettings Agency’s best interest to be as selective as possible; after all, they’re the ones who have to look after the property once the tenant moves in. Industry regulated Lettings Agencies will always use the proper system, with stringent referencing checks, before they allow someone to move into the landlord’s property.
It may seem like a lot, yet all of this is just the beginning for a Lettings Agency, now they have both the landlord and tenant to please. Ultimately, Lettings Agencies act as much welcome buffers between the two parties who can be so uninvolved; they don’t even have to know each other’s names!
A new, nationwide lettings agency dedicated to providing first class service to both landlords and tenants is Intus Lettings. This exclusive lettings agency takes personal care of every property in its portfolio, and as a result is rapidly gaining a strong reputation for their comprehensive management service. Intus Lettings know that the tenants they choose, the manner in which they manage each property and the contractors they hire all reflect back on them, and therefore strive for excellence in every aspect.
Looking for that personal touch when it comes to managing your portfolio? Speak to Intus Lettings today and find out how using a managing agent could save you money!