Buckinghamshire Advertiser - - BUCKS PROPERTY -

ESPITE a very busy and buoy­ant let­tings mar­ket, land­lords should still pro­ceed with cau­tion be­fore ap­point­ing the cheap­est agent claim­ing they can get the high­est price, ad­vise the team at Pot­ter and Ford

“We have found that many agents with seem­ingly low ‘Let only' and ‘Man­age­ment' fees pe­nalise clients with ad­di­tional itemised charges to land­lords and ex­tremely high fees for ten­ants,” said di­rec­tor Robert Lees.

“All fees should clearly be dis­played in on­line mar­ket­ing and of­fered openly to both land­lords and ten­ants be­fore they sign up.We have found that some ten­ants have re­jected a property due to other agents' un­rea­son­able ref­er­enc­ing fees and ad­min­is­tra­tion charges.We be­lieve that an agent with rea­son­able fees for ten­ants en­cour­ages more in­ter­est in your property and there­fore a stronger monthly rental in­come,” he added.

“Ex­pe­ri­ence and cau­tious pric­ing go a long way in the buy-to-let mar­ket; re­mem­ber a month or two with­out a ten­ant whilst try­ing to get a higher rent can re­sult in a loss of in­come that could take years to claw back.

“We rec­om­mend that ev­ery sit­u­a­tion is looked at in­di­vid­u­ally; rent should be re­viewed each year and if mar­ket rents are go­ing up so must the rent for the ex­ist­ing ten­ant. How­ever com­mu­ni­ca­tion is key and we re­spect that some land­lords feel that a good ten­ant is worth hold­ing on to, so may choose not to al­ways raise rents in line with the mar­ket.

“To en­cour­age ex­ist­ing land­lords to con­sider chang­ing agents or new land­lords to use an in­de­pen­dent lo­cal agent, Pot­ter and Ford is offering two months' man­age­ment ser­vice free of charge.We pro­vide an ex­cel­lent qual­ity of per­sonal ser­vice all from our High Street of­fice, no call cen­tres! We use trusted lo­cal con­trac­tors and strive to show true clar­ity in all our fees for all our cus­tomers.”

Con­tact Pot­ter and Ford on 01494 778844 or visit our web­site pot­terand­ford.co.uk.

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