How a Letting Agency Benefits Landlords

If you own a property, you may want to consider hiring a letting agency in Glasgow. Not only will you save time and money, but you can get legal and tax advice and receive constant checks on your property. These agents visit your property every three to four months, so they will know exactly how it’s been treated.

These agents also handle rental payments, so you’ll know exactly what you’re getting into – whether your investment property is in a good or bad state!

Property management

If you’re a landlord, you’ve probably considered letting your property out. The benefits of property management are numerous, and you can earn a lot of money by outsourcing the job. You’ll avoid routine headaches such as maintenance, and property management will help you cut down on your busy work. It’s no wonder that so many landlords are turning to letting agencies for help. Here are some of them:

Legal advice

When it comes to renting your property, it can be useful to engage the services of a letting agency. It is important to check if the letting agency is a member of a recognised scheme and adheres to the Tenant Fees Act 2019. It is also important to have a written agreement with the letting agent – if there isn’t an agreement, there may be problems later on.

Tax advice

While letting agents themselves do not see themselves as tax experts, many landlords do, so the new tax scheme has many benefits for them. While landlords see the benefits of the scheme, letting agents may not see it as a natural fit. The scheme is also likely to be viewed negatively by agents in lower-rent areas. But what if landlords are wrong? Would letting agents benefit from this? How do they find out?

Managing rental payments

Managing rental payments is one of the benefits of letting agencies. TenantCloud makes it easy for tenants to pay rent online, ensuring that it is transferred via the ACH Network. It also offers automatic invoicing, late fees, and simple exporting of data. You can also subscribe to TenantCloud Growth for £50/month, which syncs data with Quickbooks for ease of record-keeping.

Relationships with local tradespeople

A letting agent is an important addition to a landlord’s list of benefits. They are a buffer between the landlord and the tenant, and have a strong network of local tradespeople and contractors. A letting agent can also offer valuable advice about maintenance issues. The agent will handle repairs and maintenance issues as a part of their job, which means you will enjoy peace of mind when renting a property from an agent.