FINDING the BEST Lettings Agent for YOU

The Property Nomads Podcast

Rob looks into the crucial topic of choosing the right lettings agent for managing rental properties. He discusses the two main ways to manage a property portfolio: self-management or working with a lettings agent. He also provides valuable insights on finding a local lettings agent with good knowledge and reputation, emphasising the importance of building a strong relationship with the agent.

KEY TAKEAWAYS

• Choosing the right lettings agent involves deciding between self-management or working with a lettings agent.
• It is ideal to find a local lettings agent with good knowledge and reputation in the area where the property is located.
• When selecting a lettings agent, consider factors such as proximity to the property, independence vs. national chain affiliation, and reviews from both landlords and tenants.
• Avoid haggling too much on lettings agent fees as quality of service often correlates with the fee.
• Prioritise finding the right tenant for the property over simply aiming for the highest rent, as a good tenant can be invaluable in the long run.

BEST MOMENTS

"Knowledge is power. That is what you're looking for. You are ideally looking for a local lettings agent Hopefully that's been around for a little while, they know the area, they know the streets, like the back of their hand, perfect."

"A property is a relationship. Business, it's a people business. Working with the right people is key."

"Don't haggle too much on the lettings agent fee, you get what you pay for."

"Ultimately, at the end of the day, you then just go with gut instinct, you have to go if you got instinct, we can say, not fair for us to mention names, we're not going to do that."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline

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https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

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