The London property market is one of the hottest property markets in the UK. Demand for any property in London is extremely high, so you’re also likely to encounter lots of competition if you are interested in a house.
London is also infamous for its extreme house prices. If you’ve ever tried to find a house in London, you’ll know the difficulties of finding a house that works for you and is within your budget! Although this is a pain for potential buyers, you could make a lot of money if you’re looking to rent a house out.
High prices in London paired with heavy demand results in a perfect environment for property investment. This is why London is seen as one of the ‘safe havens’ for property investment in Europe.
If you’re interested in renting out a property or property investing, you’ll likely be searching for letting agents in London. Having a trusted letting agent could be the difference between a successful investment and not.
Read on to find out how to pick out a great letting agent that works for you.
What does a Letting Agent do?
When renting out a property, you have the option of managing the property on your own or hiring someone to do the job for you. A letting agent does this task for you, so they will handle the management of the property and the tenants.
These responsibilities can include a range of things. The most common tasks are finding tenants, collecting rent to transfer the payments to the owner, and the daily upkeep and management of properties.
This means they will handle any minor repairs and deal with any contractors carrying out the world on the property. If there are any significant repairs or issues, the landlord will likely have to be involved.
Benefits of Letting Agents in London
London is a bustling area, and renting a house in the city may be more complicated than elsewhere.
General prices in London are higher than anywhere else in the UK, and any repair or management jobs are likely to be very expensive. Letting agents are often in close contact with tradespeople because they manage multiple properties. Therefore, it’s likely that they will arrange these repairs at a lower cost.
The property markets in different boroughs of London will also be pretty different. Unless you’re very experienced, it might be challenging to pick out the best rental prices and negotiations. Having an expert letting agent will make the process easier and even land you a higher rental income.
Picking out a good Letting Agent
The London market is full of letting agents. You’ll find many different businesses claiming they have the best agents in London!
Before hiring a letting agent, ensure you check reviews and how any previous customers rated them. This will help prevent you from starting a nightmare contract with shoddy letting agents!
If you’re looking for a trusted and reputable letting agent, we recommend contacting Oasis Living at: https://oasis-living.com/.
Author bio: I am currently an aspiring social media manager and content writer. But I’m looking to add to this list and grow my experience and skill set.