i currently am letting out 1 property and have just handed over the keys for a 2nd but iam very unimpressed with the service the letting agent delivers is it more practical to do it your self in particular checking references setting up direct debits
2006-11-22 04:58:02 · 4 answers · asked by bumberclarte 1 in Business & Finance ➔ Renting & Real Estate
It is quite possible but by doing so you have all the onus of maintenance, references, rent collection, legal problems etc all on your shoulders. You really need to have a good contract drawn up by a solicitor (shorthold/assured/ etc)... references can be obtained from credit reference agencies at a cost... but this takes time as does advertising .... Independent inventories... independent adjudication in the event of problems.. and often if a tenant says they can't afford whatever... you as an individual feel more sorry for them than a letting agency....
2006-11-22 05:03:38 · answer #1 · answered by Boring Old Fart 3 · 0⤊ 0⤋
You will be liable for court costs if the tenants wreck your house or refuse to move out. I'd find a different letting agency if I was you. The amount of time you spend sorting out tenants and the amount of money you'll spend on advertising the property hardly make it worth doing it privately.
2006-11-22 13:42:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would say so, just started off in this, but I wouldn't trust any letting agency, they are only interested in their commission! I just let a property, no solicitors, no agency. What you pay in their fees you could probably do a lot more with.
2006-11-22 15:50:02 · answer #3 · answered by RUTH M 3 · 0⤊ 0⤋
some are Very useless, but i can promise u if u want to use Bluedwellings we will do everything to a 100% sataifation!
http://www.bluedwellings.co.uk/
2006-11-23 06:38:59 · answer #4 · answered by Mr Trend Vampire 2 · 0⤊ 0⤋