Fully managed lettings mean that your letting agent takes care of every aspect of renting out your property, leaving you free from the day-to-day tasks of being a landlord. From marketing your property and finding tenants to handling maintenance requests and ensuring legal compliance, fully managed services offer peace of mind for landlords who want a hands-off approach.
If you’re considering letting your property in Tower Hamlets, this option could be exactly what you need to make the process smooth and stress-free.
What Does a Fully Managed Lettings Service Include?
A fully managed lettings service covers all the essential tasks involved in renting out a property. Here’s what you can expect:
- Marketing Your Property
- Your property is advertised across multiple platforms to attract quality tenants.
- Listings highlight key features of your property for rent in Tower Hamlets.
- Tenant Vetting
- Thorough background checks to ensure tenants are reliable and financially stable.
- Referencing includes credit checks, employment verification, and previous landlord references.
- Rent Collection & Tenancy Agreement
- Your letting agent will deal with your AST agreement (Assured Shorthold Tenancy) and collects rent on your behalf, ensuring timely payments.
- They also handle arrears management if tenants fall behind.
- Maintenance and Repairs
- The agent organises and oversees property maintenance and repairs.
- They coordinate with trusted contractors, keeping your property in excellent condition.
- Legal Compliance
- Ensuring your property complies with UK rental laws, including gas and electrical safety checks.
- Serving required documents such as tenancy agreements and deposit protection.
- Routine Inspections
- Regular inspections to ensure the property is being well-maintained by tenants.
- Providing you with detailed reports after each visit.
- Handling Tenant Issues
- Your letting agent acts as the main point of contact for tenants, resolving queries or issues promptly.
Benefits of Fully Managed Lettings for Landlords
Opting for a fully managed service from a letting agent in Tower Hamlets offers several advantages:
- Time-Saving: You don’t need to manage day-to-day tenant communications or emergencies.
- Expertise: Letting agents understand legal requirements and market trends.
- Hassle-Free: The agent handles rent collection, maintenance, and tenant queries.
- Peace of Mind: Your property is in good hands, even if you live far away.
- Tenant Retention: Professional management leads to happier tenants who are more likely to stay long-term.
Read: How to Choose a Letting Agent in Tower Hamlets.
Who Should Choose a Fully Managed Service?
Fully managed lettings are ideal for landlords who:
- Live far from their rental property.
- Have multiple properties and limited time to manage them.
- Prefer a hands-off approach to being a landlord.
- Want professional oversight to ensure their property is compliant with UK laws.
Whether you have a property to let in Tower Hamlets or need help managing a property for rent in Tower Hamlets, a fully managed service could be the solution.
How Much Does a Fully Managed Service Cost?
Fees for fully managed lettings typically range from 10-15% of the monthly rent. While this is an additional expense, many landlords find the convenience and professional support well worth the cost. Contact City Realtor for a detailed breakdown of our services and fees on 0207 790 7702.
Why Choose City Realtor?
At City Realtor, we specialise in providing fully managed lettings services in Tower Hamlets. Our team has extensive experience in managing properties and ensuring landlords enjoy a hassle-free experience. We pride ourselves on offering personalised support and clear communication every step of the way.
What Next?
Ready to take the stress out of renting? Let City Realtor take the hassle out of renting your property. Whether you’re looking to let your property in Tower Hamlets or need professional management, we’re here to help. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk today!
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Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.
In the meantime, we’ve answered some of your common questions about fully managed lettings services.
FAQs
1. What’s the difference between fully managed and let-only services? Fully managed services handle everything from tenant sourcing to maintenance, while let-only services typically stop at finding tenants and signing the tenancy agreement.
2. Can I switch to a fully managed service if I’m already renting out my property? Yes! Speak with City Realtor to transition to a fully managed lettings service.
3. What happens if a tenant stops paying rent? Your letting agent will handle arrears management, including communication with the tenant and legal action if required.
4. Are fully managed services suitable for new landlords? Absolutely! New landlords benefit from professional guidance and support.
5. How do I know my property is being looked after? Regular inspections and detailed reports keep you informed about your property’s condition.
