Factors to consider when appointing a company for lettings management in Prime London

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Factors to consider when appointing a company for
lettings management in Prime London Picking the
right company for l ettings management in Prime
London can tough. There are plenty of reliable
businesses to choose from. A lettings management
professional is a must, however. Few landlords
have sufficient time to focus on the property and
all related aspects, or lack the expert know-how
to handle everything single-handedly.

• When appointing a lettings management company,
  factors to consider include
• 1. The kind of service you want from the lettings
  company
• There are three models of services that the
  lettings specialists offer
• Finding the tenant only in this case, the
  company will take the onus of marketing the
  property, conducting site visits of tenants, do
  the background check of the prospective tenants,
  and once confirmed, prepare any necessary
  documentation. Sometimes, the company will
  collect the initial rent on behalf of the
  landlord too
• Finding the tenant plus collecting the rent
  this is a model where the company will
• complete all tasks listed above, in addition to
  collecting rent funds on a monthly or weekly
  basis
• Full property management - this model hands
  wholesale responsibility of managing the rental
  business to a third-party business on behalf of
  the landlord

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• 2. Understand the experience level of the company
• Appointing the services of a professional company
  for letting management in Prime London should
  ensure seamless operation without hassle or
  stress for the property owner. Gather evidence
  and do background verification of any company
  before hiring their services. Ensure that you
  perform in-depth research about the company,
  online and offline. Read the reviews online and
  ask your acquaintances for any first-hand reports
  of experiences. To ensure that a lettings
  company is truly trustworthy and reliable, ensure
  they are a member of one or all of the following
  bodies
• Royal Institution of Chartered Surveyors or RCIS
• Association of Residential Letting Agents or ARLA
• National Approved Letting Scheme or NALS.
• Property Ombudsman
• Membership of these institutes means that the
  company is committed to best practices and
  ethical dealing.
• 3. Fees
• Lettings companies have different fee structures
  based on the kind of service model you have
  chosen and appointed them for.
• For property acquisition in London and lettings
  management, it is advisable to appoint only
  professionally qualified and proficient,
  experienced companies. Anything less is a false
  economy.

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