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.