Target Property Services NE

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03rd November 2020

Should a Landlord use a Lettings Agent for Property Management?

Letting platforms with specific support practices and fixed fees with self-selecting services are more commonplace now than say, five years ago. They have matured and are far more transparent now in what they actually do for you as a landlord. There is also more choice when it comes to listings and the internet provides more information than ever, providing they have their own website. Traditional high street lettings agents unfortunately are suffering from increasing costs (like paying their own commercial landlords) which have to be passed onto someone, which in most cases is the landlord. Hence leading to some of the inflated fees you see on the high street.

A recent poll revealed that 15 per cent of landlords use an agent just to ‘find a tenant’ before then managing the property themselves. But property management can be so much more than some people think, and recent changes in the rental market and government legislation has ushered professional bodies to advise landlords against this approach, arguing that “The difference between a let only service and a fully managed one is actually much smaller than many landlords think. It’s important to put a price on the time you will spend managing a property yourself, the responsibilities associated with letting a property in the current climate, and the problems that continue to exist which may use up your valuable time”

For those agents who feel that using an agent is the right thing for them, it’s important to be aware that not all agents are equal, so choosing the right agent for your needs is crucial. There are some very good agents and these are worth their weight in gold. But unfortunately there are also some very poor agents who hit the headlines, let you down when you need them most, and ultimately end up tarnishing the reputation of the entire industry. It is worth spending some time looking at the options, doing some research, reviewing their past experiences and ultimately identifying the best one for you!

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Testimonials

Joe has provided a 5 star service. My mum’s rental property has stood vacant for some time as she has had an extended stay in hospital. He met me at the property within days of making contact, and found us a tenant within 3 days! He even treated the weeds, fixed a broken window and sorted out the safety checks for me. It took all of the pressure off and was a very friendly and professional service. I would highly recommend!

- Rachael

As a tenant, the service I received from Joe was extremely quick and professional. Everything I asked about was dealt with prior to me moving in and he is very responsive to any queries I may have. I would highly recommend Target Property Services NE.

- Barbara

My property was on the market with 3 other agents for over 2 months without any success. To be honest I felt they weren’t even trying. I thought I would give Target Property Services an opportunity to market my luxury quayside apartment as I had heard good reviews about them. Within 24 hours of them listing the apartment to let, they had 2 viewings booked in and within a week a new tenancy had been agreed. First class service at a very competitive price that puts others to shame, plus an unrivaled personal touch that cannot be found with any of the better known high street estate agents. I am now very happy for Target Property Services NE to market and manage all my property portfolio. Highly recommend.

- Chris

Joe has been our landlord for 5 years now and we cannot be happier. Renting from him has been an absolute pleasure. He is professional, helpful and caring, and if we ever have a problem, he is there to sort it out quickly and efficiently. The house we rent from him is lovely, and safety checks and boiler servicing are carried out regularly. We feel very much at home and cannot recommend him highly enough. Thank you Joe.

- Simon & Christine

I would highly recommend Target Property Services NE. Joe has been fantastic support to getting my first home and very quick at responding to any questions or queries I've had about the property. Very friendly and very professional.

- Grace