Top Ten Benefits of Using an Agent

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  • Higher Rent Values and Faster Occupancy. Letting agents are experts in assessing potential rent values and have a good grasp on market conditions, trends, and demands. They will advertise on a number of different websites and make use of local newspapers. For these reasons a good letting agent will get a top price where rent is concerned and quickly find a suitable tenant to occupy the property. Kreiga Property Management use over 10 major websites and property portals to advertise lettings, the likes of Zoopla and Right Move—as well as advertisements in local  newspapers, directories and Social Media.
  • Finding Suitable Tenants. Finding the right tenants can be a costly process, not to mention time consuming. An accomplished letting agent has the capacity to carry out the appropriate checks that lead to a suitable tenant. Kreiga Property Management carry out identity and residency checks on all applicants, obtain credit, employer, and current landlord references. If an applicant is found to have a clean history but is deemed financially uncertain they are asked to provide a guarantor or provide full settlement of rent in advance. They also have the capability to acquire international referencing if there are any Non-UK applicants.
  • Flexibility… A good letting agent needs to offer a flexible service to each client. Some landlords only require assistance with tenant finding, whereas others, especially those managing multiple properties, need a more comprehensive solution. Kreiga Property Management  offer tailored service solutions to suit the needs of any landlord. There are 4 main levels of service: Fully Managed, Investment Management, Rent Collection, and Tenant Finding.
  • Day-to-Day Property Management. Whether it’s a busted boiler or pesky pest control problem, maintenance of your property is a foregone conclusion. Letting agents should have a comprehensive network of tradesman available to contact. Bigger problems require a higher level of organisation, meaning the letting agents need to liaise with tenants to arrange when work can be carried out on the property. Dealing with these obstacles can be a time consuming process. A good letting agent has the ability to efficiently solve maintenance issues, and in doing so will free up your time considerably.
  • Solving Tenant Issues. Over the course of a tenancy agreement there is a chance that issues may arise beyond that of the maintenance work mentioned above. For instance, a tenant locking themselves out of your property. Problems like these often arise at inconvenient times. Letting agents are equipped to deal with these issues and do so on a day-to-day basis. Kreiga can even offer tenant support during hours that might otherwise be deemed unsociable. This is an important offering that helps maintain a favourable relationship with tenants.
  • Prompt action late payment. Perhaps a landlord’s biggest worry is whether or not their tenants will pay the rent on time. Late payments are sometimes unavoidable but chasing one can be strenuous. Letting agents have experience in rent collection and chasing late payments. They will often have cover in place to ensure you are always paid. Kreiga offer services like Rent Guarantee and free Eviction Cover.
  • Peace of Mind A private landlord faces many pitfalls: invalid notices, incorrect claim forms, unprotected deposits, disrepair in the property, drawing up the wrong tenancy agreements…the list goes on. Landlords have many legal obligations that can be easily forgotten. Letting agents can take that burden and fulfil the majority of a landlord’s obligations on their behalf. Letting agents must also adhere to stringent practises and are often members of various trade bodies, like the UKALA and The Property Ombudsman. You can also breathe easy in knowing that correct legal action will always be taken.
  • Advisory Services – Whether you’re a first time landlord or have an impressive portfolio, investing time staying up to date with the lettings market and everything that entails, would be a lengthy process. Letting agents stay up to date with all the latest legislation, the latest revision to stamp duty for instance, and are therefore well placed to advise you on a number of different matters. Kreiga can serve in an advisory role in landlord insurance, tax and legal matters, and property preparation.
  • Fees tax deductible Letting agents fees can be offset against your rental income for tax purposes. Money spent on maintenance, repairs, landlord insurance, and interest on buy-to-let mortgages are also tax deductible—basically, any cost associated with your property.
  • Additional Services Sometimes it’s the little things. Kreiga offer many extra services that offer protection for both landlords and tenants. To name a few: Eviction Cover, Comprehensive Inventory Service, Rent guarantee, Property Preparation for Letting, Check Out procedures, and full legal services.

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