If you have a property which you wish to rent out, you may not have considered using a real estate agency. Using a real estate agency offers many benefits. Below is a guide to the different ways in which a real estate agent can help you.
Finding a tenant
Looking for suitable tenants can be a time-consuming process. You will need to place adverts in the local newspaper and online so people know that you have a room for rent. When people finally get in touch, you will need to try and judge if they are of good character or not. This can be difficult and if you let your property to someone who isn't reliable when it comes to paying rent or who will not look after the place, you could face serious problems. A real estate agent can help you by publicising your property to the tenants it has on its books and the general public using its mailing list and website. Furthermore, the clients which have already engaged with the real estate agent will have completed background checks which will establish their creditworthiness and their character. This is done by completing credit checks and asking for references from former landlords.
Dealing with problems
During a tenancy, there is no doubt going to be things which go wrong. If you let directly to a tenant without using the services offered by a real estate management company, you will have to deal with these problems yourself. For example, if a pipe begins to leak in the middle of the night, it will be you, the landlord, who receives a phone call and who will need to arrange for an emergency plumber to visit the property. However, if you have signed up with a real estate agency, they will deal with any emergency situations on your behalf. Many real estate companies have someone on call 24-hours a day which means that your tenants will always be able to get in touch with someone.
If for whatever reason your tenant is late paying rent, you will have to chase them up. However, if you let a real estate agency manage your rental property, they will chase any late payments on your behalf. If the tenant doesn't pay, they can also manage the eviction for you before finding another tenant. If you would like to find out more, you should contact a real estate agency today.