Switching To A Letting Agent in Chester and Liverpool
There has been a big shift in landlord attitudes to property management recently.
- Self-managing landlords are recognising the increased risks, costs, and time input associated with continued regulation changes
- Portfolio landlords are evaluating the effectiveness of their current management arrangements and researching the market for safer options.
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Cost - Benefit Analysis
Yes - using a professional property management company in Chester and Liverpool costs money. The costs faced by agencies (staff, increased admin, travel, insurance, compulsory memberships to various bodies etc..) are significant.
But - the cost to landlords of getting things wrong (unintentionally) is far, far greater.
If your rental property is well managed, it is safe for the long-term. Rents will only ever increase, so your income will always (gradually) rise to off-set the costs of effective management.
Our Landlord Promises
Crown Rentals has 5 objectives for its landlords. 5 promises:
- Fast, clear communications
- Strict tenant selection
- Proactive maintenance management
- Renter's Rights Act compliance
- Financial protection for landlords
Switch today, and get your first 3 months management for FREE
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The main function of a letting agent is to facilitate CLEAR COMMUNICATIONS with the landlord and tenant, and all other parties that may be involved with the rental property. The landlord should be informed/consulted immediately regarding any actions or events relating to their property or its tenants.
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The vast majority of problems that landlords must deal with, relate directly to the poor selection of tenants. Without STRICT TENANT SELECTION, landlords can be left with loss of rental income or hefty bills for repairs. Crown Rentals has a 5-step tenant evaluation and selection process to minimise such risks.
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Ongoing maintenance costs are an inevitable expenditure for all landlords. Dealing with maintenance issues promptly and effectively is essential. However, PROACTIVE MAINTENANCE MANAGEMENT can help to prevent many of the larger problems by identifying and rectifying small or potential maintenance problems before they develop further. This is a big cost saving for landlords.
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Regulations have increased and so have fines and penalties for non-compliance. Ignorance is no excuse. Local authorities have greater powers to enforce actions on landlords for any area of fault. To remain Renters Rights Act compliant, (and compliant with all other PRA associated regulations - national and local), those responsible for management must:
- Be fully aware and up to date with ALL legislation in the sector
- Visit their properties regularly to ensure ongoing compliance
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Like all investments, rental properties should grow in value over time and produce regular income as well. There are many bumps in the road that affect the financial viability of an investment property, so one of the many objectives of a letting agent is to provide a degree of FINANCIAL PROTECTION FOR LANDLORDS. Strong management practices, market knowledge, and access to financial protection products are the safety net all landlords require.
