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Landlords and Homeowners often have full time jobs as well as buy to
let investments, it is therefore frequently the case that with so
many demands on their time they cannot always be available to handle
day-to-day events connected with their property.
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If this sounds like you then using a letting agent offering full property
management could be an essential and economical way of ensuring the
smooth running of a tenancy, while protecting the property and still
making a profit.
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Whilst letting your property through a specialist letting agent is not
strictly necessary, a good agent will take some of the effort out of the
job of finding and selecting tenants, drawing up tenancy documents,
and the day-to-day maintenance of the property.
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Because you are quite literally placing your property in their hands, the
choice of a letting and managing agent is as important as in choosing
any other professional such as a solicitor or accountant.
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Unfortunately demand for property to rent has encouraged many firms
and individuals to set up as letting agents many of them are completely
unregulated and have little or no experience, do not operate bonded
client accounts or are bound by any code of practice. Remember, as the
landlord you may be personally liable for any mistakes made by your
agent. So choose carefully.