Letting Agents Edinburgh - Pros and Cons of Working with a Letting Agent
In case you are new to the letting business, I'm pretty sure you thought at least once whether it would be worth to hire a letting agent to take care of it or not. If you're in fact considering this alternative, and you live in Edinburgh, the best letting agents Edinburgh can offer are only a click away.
But before that, you should have a look at least at a few pros and cons of working with a letting agent.
Advantages of Working with a Letting Agent
1. First of all, you will benefit from a good advertisement and your property will receive a good visibility on the letting market. Due to the fact that most letting agent have solid and popular websites, you will be able to advertise your property on a wider scale.
2. Letting agents will surely obtain for you the best rental price. In fact, a letting agent will put a lot of fight in obtaining the highest rental price possible, because they work on commission. So, the more money you get, the more they will. The letting agents Edinburgh has provided me with have done a great job in this direction, as far as it concerns me.
3. Depending on your agreement with your letting agent, they can take care of certain inspections of your property, and also collect the rent money and pay certain bills.
The most important aspect about hiring a letting agent is that they will provide you with a tenant in the shortest time possible. A property left without a tenant for a couple of months could cost you a lot of money, and the rent for a one or two months can exceed the fees of a letting agent by a lot, depending on the value of the property.
Disadvantages of Working with a Letting Agent
1. The obvious disadvantage of hiring a letting agent to find you a tenant and manage your property is that they cost money. But rather than risking to have your property vacant for more than six or seven months, hiring an agent to bring you a tenant is a much better choice.
2. A letting agent's job is not extremely difficult. You can actually do it yourself, but you will be needing a lot of expertise in this kind of business, a good knowledge about the property market and a popular website addressed to people interested exactly on renting homes. So, you should ask yourself, can you do this by yourself? Do you have the time?
In my case the letting agents Edinburgh have taken this burden of my hands. And I'm really thankful about it because I really don't have time for it.