Find a Landlord Services Specialist
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Finding a landlord services specialist
If you are inexperienced as a landlord or simply need help managing your property portfolio, you could benefit from hiring a landlord services specialist. This kind of Pro offers a range of services that will help you to keep your properties in good order, including screening tenants, collecting rent and arranging tradesmen.
When you are putting your property in someone else’s hands, you want to make sure that you have the best possible candidate. Plentific offers a number of services that can ensure this: The Plentific website can instantly generate a list of the best landlord service specialists in your area. Better yet, each one will have a detailed Plentific profile to help you compare their qualifications, past projects and customer reviews. Hire a ‘Verified’ Pro and you will also qualify for the Plentific Guarantee, which can protect your investment throughout your project!
What does a landlord services specialist do?
A landlord services specialist’s job is to make sure that your rental property is kept in good order, with happy tenants and on-time rent payments.
Companies that offer landlord services tend to have a range of different packages, but on a basic level you could expect their services to include advertising the property, screening tenants, collecting rent and fixing any necessary issues as they come up. They should also be able to arrange all the required documentation for a property, including an inventory and schedule of condition report.
Crucially, your final candidate should be able to arrange all of the necessary safety checks for your property, including gas safety reports, EPCs and appliance inspections.
A more comprehensive service may also include a guarantee or legal protection. Your candidate may also be willing to help with design or refurbishment services if you want to upgrade your property without making things difficult for your tenants.
What do you need to know about hiring a landlord services specialist?
When hiring a landlord services specialist, there are a few things to look out for besides the number of services that are on offer. Firstly, what is their online presence like? At the very least, the company should have a good presence on websites like Zoopla. You should also be sure to look at reviews left for the company on its social media pages. If landlords or tenants enjoy using the service and consider it to be of a high quality, they will have left positive reviews! Pay special attention to any reviews left by landlords: just like you, they will be looking the best service possible.
It is important to contact potential candidates and see how they treat you. A good quality candidate will treat you and your property like individuals and will ask several questions to get a good idea of your own personal needs. You should also be sure to ask questions of your own, especially if there are potential complications which the candidate should be ready for. For example, does your candidate excel at managing properties from abroad? Can they arrange tradesmen on short notice? How do they treat tenants? This fact finding stage is important for comparing your candidates, so do not be pressured into making a hire before you have a chance to compare them!
Look over the services that each candidate offers and make sure that they have exactly what you need. Landlord services packages will differ from one company to another. You should also ask about the fees charged for each service. Several companies might offer a low monthly rate, only to charge huge fees for something as simple as finding a Pro on your behalf. Ask for a full price breakdown when you are given a quote, so that you know exactly what you will be spending your money on.
Professionalism is another important aspect to look out for. A high quality candidate will keep detailed documentation about of items like a property’s inventory, your tenancy agreements and so on. Evidence like this can be crucial in the event of a dispute with your tenants, so you should ensure that you always have easy access to what you need.
How much does it cost to hire a landlord services specialist?
A landlord services specialist will usually charge a percentage of your monthly rental price plus VAT. Typically, this can range from 5% to around 15%. However, before you get excited about finding a low rate, you should always check for hidden fees. Some companies will offer a low monthly cost, but then charge a huge amount in fees for things like arranging tradesmen or evicting tenants. Others will offer a more inclusive monthly cost with more services included. If you get an assessment and are offered a quote by a candidate, make sure that you ask for a full price breakdown.
Certain companies may also offer insurance or warranties for their work. Although these may be worth considering, do not be pressured into buying anything that you do not need! Check these policies against those offered by your bank to make sure that you get the best deal available.
Remember, you should never choose your candidate on the strength of a single pitch. Talk to at least three candidates and compare everything that they have on offer before you make your final choice.