Why using a letting agent takes the stress out of renting a property,
18th August 2017
Whether you are a landlord or a tenant, peace of mind is paramount when you are renting a property. There’s a lot of trust involved: a landlord is letting their property to a stranger, while the tenant is putting their trust in a stranger to provide them with a home.
A letting agent can be the intermediary who takes a lot of the hassle out of the process. If you own a property, you won’t have to deal with the stress of vetting tenants and you can rely on the fact that an established letting agent will have access to professional and reliable tenants. For discerning landlords, we have a database of suitable tenants who are looking for specific types of accommodation.
For tenants, the benefit is that a letting agent can help you find the right property for you. Instead of trawling though internet listings looking through wholly unsuitable properties, a letting agent can use their years of letting experience to help you find the perfect property for your needs.
Letting agents come with a database of potential tenants and years of knowledge and experience too.
Catering to corporate relocations
For example, when it comes to corporate relocations we deal with a lot of expats who are returning to Ireland after spending years working abroad. They’re usually employed in managerial or tech-related roles and have specific needs.
We also deal with short- to medium-term corporate relocations whereby tenants might be looking for something for a specific period of time. Some executives are seconded to Dublin for a period of months and don’t want to live out of a suitcase in a hotel so we offer a full range of solutions for that exact market too.
Some of them want family homes with gardens, others want city-centre living and some just want an apartment close to their work. They fit the profile of the ideal tenant for most landlords as they are in secure employment, have experience of renting before and are unlikely to cause any damage to the property.
These people might not have time for the conventional viewing process, but an experienced letting agency will have processes in place to connect them to properties on behalf of its clients.
From the landlord’s point of view, a letting agent’s main priority is securing the right tenants for their property. We’ve all heard horror stories about nightmare tenants who cause months of trouble, miss rent payments, and cause damage to the property. A letting agent will vet potential tenants, check bank references and previous landlord references, and arrange viewings.
On top of that, if they find a match, they’ll also handle the security deposit – so it really does take a lot of the burden off the prospective landlord.
Why choosing the right tenant matters
For landlords who are based elsewhere or just too busy, a letting agent can take on the responsibilities of all the viewings, the vetting and any follow-ups necessary without the owner ever having to step foot in the apartment.
The rental market in Ireland, especially in Dublin, is strong at the minute – but that doesn’t mean that it’s easy to find the right tenant. In 2016 alone, the Private Residential Tenancies Board (PRTB) handled a whopping 130,000 calls.
Many of those calls are from landlords and tenants making complaints, but the PRTB handled 876 cases over disputes between landlords and tenants.
That’s a situation everyone should try to avoid and it’s where a professional letting agent with years of experience comes to the fore.
Why landlords rely on residential property management
An additional service landlords might think about is residential property management. This is where the agent will carry out regular inspections, organise maintenance and repairs, and register with the PRTB – as well as making sure that you are fully compliant with the relevant laws and regulations.
Imagine the scenario if you’re a landlord. You are away on holidays and you get a phone call from a distressed tenant because the shower is broken. If you can’t get in touch with a plumber, you’re going to come home to an unhappy tenant. However, with a managed service, the tenant only has to call the agent who has a team of specialists on hand.
That’s where the peace of mind truly comes in.
Are you a landlord or tenant looking to rent a property?
If you are looking for the best tenant or best property, then why not get in touch with a Lisney agent today. We have decades of experience when it comes to matching the best tenants to the best properties and can help find the best fit for you.