Why pay more for your letting agent

Why pay more for your letting agent?

Choosing a letting agent, whether it's Philip Martin Lettings or another agency, should be based on a careful evaluation of various factors, including the services offered, the agency's reputation, your specific needs as a landlord, and your budget. While fees are an important consideration, they should not be the sole determining factor when selecting a letting agent. Here are some reasons why a landlord might choose a letting agent that charges more:

1. Comprehensive Services:

   Philip Martin Lettings offer a wider range of services that justify our fees. These services include thorough tenant screening, property management, marketing, legal compliance, and ongoing support. If you value these services and believe they will save you time and reduce potential hassles, it's worth paying more.

2. Expertise and Experience:

   As a letting agent with a higher fee structure, Philip Martin have a long track record, experienced staff, and a deep understanding of the local rental market. Our expertise translates into finding higher-quality tenants, optimising rental income, and handling property-related issues effectively. Unlike many other letting agents, our professionalism is ensured by the strict codes of practice laid down by the Royal Institution of Chartered Surveyors, of which we are members. 

3. Reputation and Trustworthiness:

   A letting agent's reputation in the industry can be a critical factor. Philip Martin Lettings have a strong track record of delivering quality service over many years with positive reviews from both landlords and tenants, it may be worth paying extra for the peace of mind that comes with working with a trusted agency.

4. Time and Convenience:

   A higher-priced letting agent may offer services that save you time and effort as a landlord. Our team of letting agents inlcude an RICS chartered suveyor and six further memebers of staff dedicated to our landlords. If you have a busy schedule or own multiple properties, the convenience of having a letting agent handle various aspects of property management may outweigh the cost difference.

5. Local Market Knowledge:

   Philip Martin Lettings have an in-depth understanding of the local rental market, including current trends and pricing. This knowledge can help you set competitive rental rates and make informed decisions about your property.

6. Quality of Tenants:

   As a letting agent that charges higher fees we have more rigorous tenant screening processes in place, leading to better-qualified tenants who are more likely to pay rent on time and take care of the property. This can potentially save you money in the long run. 

It's important to conduct thorough research and due diligence before selecting a letting agent. Compare the services, fee structures, and terms of different agencies, and consider your specific goals and preferences as a landlord.

Ultimately, the decision should be based on finding the right balance between cost, services offered, and your specific needs as a landlord. It's not always about choosing the cheapest option but rather the one that provides the best overall value for your investment property. 

Contact us today for further information on 01872 272716.