Landlords have a choice when it comes to managing their rentals in Dartford: They can decide to do it themselves, or they can entrust property managers.
Property investment is a favourite in the British investment portfolio because, unlike other assets, properties are tangible. Yet, this doesn’t mean that property management is a breeze! In fact, more and more experienced and new coming landlords opt for property management services in Dartford.
What are the benefits of working with property managers to overlook your Dartford rental?
Let’s be realistic. Property management can be hard work, especially when you are already busy with your professional and life responsibilities. Landlords are responsible for not only finding tenants and collecting rent but also advertising and maintaining the property, managing legal issues with tenants, and complying with the UK’s legal landscape.
This can include a lot of competing responsibilities. Lack of knowledge when it comes to a rental property can be devastating, as it could expose you to financial and legal consequences. Besides, as a landlord, you need to be available at all times to resolve issues your tenants might have with the property.
Juggling the landlord’s duties on top of your day-to-day responsibilities can be stressful. That’s where property managers can make a huge difference.
Guidance and advice
Property management specialists are market experts who understand the ins and outs of the rental market in the UK and, more specifically, in Dartford. They rely on their market knowledge to promote your property accordingly, ensuring that rental prices remain fair and profitable month after month.
Additionally, property managers can also advise on property staging, improvement works and other essential insider knowledge that can make your property stand out for tenants.
Backstop should anything go wrong
What happens when a tenant doesn’t pay the rent on time? When you rent via a property management agency, the agents ensure that you will receive the rent, no matter what. Property managers are crucial to protecting your cash flow.
A variety of things could go wrong with a rental. For instance, property managers ensure that there is a fully documented inventory of your property so landlords are protected in the event of damage.
Too far away from where you live
Managing your Dartford tenants when you are not local can be challenging. It can be difficult to manage maintenance and repair needs when you don’t have any trusted local contacts.
Additionally, arranging property visits can interfere with your day-to-day work and life. This can be not only difficult to schedule, but it can mean losing valuable opportunities, either with potential tenants or in your private life. With property managers, you don’t have to compromise between private time and landlord time. We can overlook all the aspects of property management, from scheduling emergency repairs to meeting tenants for a visit in Dartford.
A barrier between yourself and the tenants
The last thing landlords need is to receive a phone call in the middle of the night because the boiler in their rental isn’t working. Having tenants comes with responsibilities. But it doesn’t mean you have to personally handle every tenant interaction.
On the contrary, the role of property managers is to act as a first point of contact, so landlords can carry on with their day-to-day lives in the knowledge that tenants are cared for. This serves many purposes.
As a barrier between yourself and the tenants, the property manager can receive and handle tenants’ queries. But he can also be the person who manages unpleasant issues and communication, such as tenant eviction and complaints.
To save time
Looking for tenants for your Dartford property is no easy task. Landlords do not have access to specialist tools to promote their rentals. On the other hand, property managers have not only the necessary tools and networks to push property promotion out, but they also have useful insider market knowledge. So when you are looking for new tenants, hiring property management services can help you find a new occupant for your rental quickly.
Additionally, property managers are able to run tenant background checks rapidly and easily, saving valuable time when it comes to identifying trustworthy tenants.
Legal aspects covered, taking care of deposit schemes
The legal responsibilities of landlords are increasingly complex. Indeed, landlords must comply with significant guidelines and legislation, the list of which is constantly growing.
Working with property managers for your Dartford rental guarantees awareness and knowledge of these obligations and ensures that your property and rental activities are always fully compliant with the following:
- The tenancy deposit schemes
- The Breathing Spaces guidance
- The abolition of Section 21 evictions
- The Fitness for Human Habitation Act
- The Electrical Safety Standards
Are you looking to let your Dartford property? Land Estates are leading estate and residential letting agents in Dartford. Through our experienced property managers our team can help you maximise your rental income. Get in touch now!