The importance of protecting your rental investment should be demonstrated with an approachable and communicative agent. So how exactly does it pay well for a landlord to have one?

There are several reasons why the use of a letting agent can really help smooth out many complicated processes if you are a landlord. Each reason will ultimately save you time and money, and potentially boost your profits.

With over 160 different laws and legislations covering the rental market that you are obligated to adhere to as a landlord, a good letting agent will not only know what they are, but also keep on top of them as they change or adapt. 

The pandemic proved that legislations can change quickly and at any time when a ban on tenant evictions came into play. It can feel like a full time job keeping up to date with them if you don't work in the lettings industry or have the time to do so. This is where landlords are fortunate in how a letting agent can take over these aspects and offer a great service.

Letting agents negotiate and mediate discussions between landlords and tenants. Their job is to solely give their attention to matters at hand, iron out any issues and alleviate the stress that landlords would otherwise feel. They can also give best advice to tenants to make their move process as seamless as possible which helps start a tenancy off on the right foot. A smoothly operated rental investment will offer efficiency to you, which ultimately saves you money and time, as well as effort. 

A good letting agent will ensure you are correctly compliant with legal checks, such as gas and electrical safety. One of their other aims is to keep both landlords and tenants up to date with what is expected of them and adhering to those things.

For example, tenants can be provided with timely reminders about maintenance, such as looking after gardens or making sure they're not doing any decorating that goes against their contract. This is often highlighted at routine visits. By employing a reliable letting agent, landlords will have the reassurance that their properties are maintained without the hassle of personally managing tenants and legal responsibilities. If a landlord has more than one property, it is also easier to do this with a letting agent rather than get caught up in numerous contracts personally. 

If a letting agent makes an error, you as a landlord are covered. Whilst most try and avoid this, there are odd occasions where something may arise that induces a small issue, but agents carry with them insurance to protect you if they make any errors. That is a lot of weight off your shoulders!

Letting agents are very knowledgeable people who have worked with tradesmen for a long time. As a result, all the most efficient companies or businesses are used, with trustworthy and reliable backgrounds. If you aren't local to the area this can be particularly helpful.

Employing a letting agent to take care of your property means you, as a landlord, can switch off. It means all problems are taken care of, and whilst keeping you in the loop, can ease the weight on your shoulders. This leads to a more successful tenancy, and a more consistent level of communication between all parties. The ability to solve problems and pre-empt maintenance can also end up saving money in the long run.