How landlords benefit from using a Fully Managed lettings service

For time-restricted landlords, and for peace of mind, it can be hugely beneficial to use a local letting agent for property management. A good letting agent can provide a variety of services including tenant selection, rent collection, inspections, maintenance and repairs, legal advice and more. This can help landlords save time and money, while having the peace of mind that their property is being managed professionally.

We offer three levels of letting services at Hills. Let Only, Rent Collection and Fully Managed which includes property management. In this blog we explain the difference between the services and their benefits.

What is the difference between Let Only and Rent Collection?

A Let Only lettings service is when a landlord appoints a lettings agent to advertise the property, source and reference potential tenants, negotiate the tenancy agreement and collect the tenant’s deposit. Let Only lettings service does not involve the collection of rent payments.

Rent Collection includes the aspects of Let Only as well as the collection of the rent payment, the inspection of the property and the management of any rental arrears.

What is a Fully Managed lettings service?

A Fully Managed lettings service means your letting agent takes responsibility for the day-to-day property management of your rental property, giving landlords complete peace of mind. This includes tasks such as collecting rent, dealing with tenant enquiries, handling the property management including ongoing maintenance and emergency repairs, finding new tenants, and checking references.

Professional property management services gives landlords the assurance that the day-to-day management of running a rental property is taken care of. Landlords also have reassurance that their rental property is compliant with all relevant laws and regulation. 

At Hills, our experienced lettings team keep up to date with ever changing legislation to make sure that our landlords, properties and tenants are protected. This takes away any concern or worry for landlords, so they can relax, knowing that their property is in safe hands. 

Meet the Hills Property Management team 

At Hills, our large team of  letting agents manage around 400 properties via our in-house property management service. Everything is handled in-house so we keep control and retain direct relationships with our landlords.  We carry out in-house inspections by our local team using advanced check in and check out tools to make the process smooth and efficient. We only use reputable, local contractors to look after the property maintenance and repairs.

We advise landlords on ways in which their properties can be improved to be more energy and environmentally efficient, as part of our drive to maintain good standards in the private rental sector.  We are currently preparing landlords for the anticipated new legislation around EPC ratings in rental properties, due April 2025, with advice around loft insulation, low power lighting, smart meters and getting an EPC done properly.

What are the benefits of using property management via a letting agent?

Landlords who are looking for long-term as well as short-term return from their property investment are wise to choose a Fully Managed service as this safeguards the upkeep of the property which means it is more likely to retain and increase its value.

Below we look at some of the reasons landlords benefit from handing over the property management to a trusted local letting agent. 

Why use a Fully Managed lettings service by Hills?  

• Professionalism
  As a lettings agent we provide you with a professional approach to managing your property and finding the right tenants for your property. We will handle all the paperwork, organise viewings and vet potential tenants for you.

• Advice
  We offer advice and guidance to all our landlords on rental prices, local market conditions, tenant sourcing, compliance and legal considerations. We also offer guidance on aspects such as EPC and energy efficiency improvements or your property.

• Time saving
  We can save you time and effort by handling the day-to-day management of your rental property. This includes tenant communication, rent collection, maintenance and repairs, freeing up time for you whilst still making sure you receive the maximum return from your property.

• Support
  We’re here to provide the necessary support and advice if a tenant breaches a tenancy agreement or if any legal issues arise. 

• Rent paid on time
  We know a main concern for landlords is receiving rent on time, every month. Our Rent Collection team are efficient and will deal with the monthly collection of rent on your behalf. We also offer options for Guaranteed Rent insurance which means our landlords get the rent paid on a certain day of the month, without fail, even if the tenant has not paid for any reason. 100% guaranteed.

• Maximum returns
  Whilst we take a fee for managing your property, we make sure that your property is let quickly and efficiently and any void periods between tenancies are kept to a minimum. This means we help you maximise the returns from your investment so you are better off all round.

High returns, less stress & property upkeep – a summary of benefits of using a Fully Managed lettings service

In summary, using a reputable local letting agent like Hills to fully manage your property means you will achieve a positive financial return, enjoy less stress and safeguard the long-term value of the property by keeping it compliant and in good up-keep.

If you are looking to let your property in Salford, Eccles or Greater Manchester our team are here to help. From finding the right tenant to our ongoing property management services, we’ll make sure you get the very most out of your property investment. 

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