Letting agents in Salford and everything you need to be aware of
Choosing a letting agent in Salford as a landlord can feel like a daunting task. From finding a team with local knowledge to making sure you’re getting the right level of service, it’s understandable that many landlords find the process daunting.
Whether you have one property or an extensive portfolio, finding the right letting agent for your needs is key to your success as a landlord, not to mention peace of mind that your properties are being taken care of correctly.
There are a few stereotypes to avoid when looking for a letting agent. By following our guide to letting agents in Salford and everything you need to be aware of, you can be sure to avoid the common pitfalls and get the most for your money.
Why choose Salford?
Salford is a city in Greater Manchester, separated from the city centre by the river Irwell. The city itself is around 37 square miles and is made up of five districts, Salford, Eccles, Worsley, Irlam and Cadishead, and Swinton and Pendlebury.
The area of Salford Quays and Media City has seen a huge resurgence in popularity over the last decade. Formally a derelict shipping port, Media City is now home to major television networks, the BBC and ITV.
Due to its waterfront location, Salford Quays is a popular spot for watersports such as wakeboarding and kayaking which attracts people from all over the UK.
There is also shopping at the Lowry Outlet Mall, art galleries and the Imperial War Museum.
The diverse nature of the area, and its proximity to Manchester City Centre, make Salford a great destination for young professionals, couples and families alike.
What do I need to be aware of?
Not all landlords feel the need to use a letting agent, but unless you have lots of time on your hands to manage your portfolio, enlisting a letting agent to help can be a useful idea.
Letting agents can assist you with finding new tenants to rent your property, managing your current tenants and helping take care of your properties.
A great letting agent intends to make your life as a landlord straightforward and stress-free.
What services can a letting agent provide?
Before choosing a letting agent in Salford, it’s a good idea to determine what areas you need an agent to assist you with.
Finding the right tenants for your property is something a letting agent can help with. Many prospective tenants will register with an agent when they are searching for a property, so you’ll have a steady supply of tenants ready to view at all times.
There are also comprehensive landlord services, which will suit landlords who are short of time or don’t wish to deal with the day to day management of their properties. Letting agents will manage tenancies, handle maintenance issues, and cover the majority of landlord obligations.
At homes4u, you can choose from a range of landlord services to suit your requirements. For example, the gold package is a comprehensive service, allowing landlords to have a stress free, hands-off approach with their portfolio.
What responsibilities do I have as a landlord?
While a comprehensive package from a letting agent will cover much of the day to day responsibilities that come with being a landlord.
However, it’s important to note that you will remain legally responsible for your portfolio in the eyes of the law.
Before signing up with a letting agent, make sure to double-check what is being provided before you agree to anything.
What regulation should I look out for?
Letting agents are required to be a member of one of two redress schemes. If required, independent bodies can hold a letting agent accountable and can solve disputes between agents and landlords if they arise.
All reputable agents will comply with legal requirements and have client money protection and professional indemnity insurance in place also.
There are two redress schemes in place for letting agents:
There are also two other professional bodies to be aware of, which a letting agent may also be a member of. They are:
● ARLA Propertymark – a regulatory body for letting agents with more than 9,000 members
● Safeagent – previously called the National Approved Letting Scheme, an accreditation scheme for letting agents
The majority of letting agents will list regulation information on their website, so you can find out which redress scheme and industry body they are a member of.
Get your questions answered
Whether you meet face-to-face or conduct a telephone call, asking potential letting agents in Salford the right questions will help you narrow down your search.
● Which money protection scheme do they use?
● Are they up to date with the latest rules and regulations?
● How often do they carry out property checks?
● How long is their average void period?
● How often will you receive rental payments?
Check the terms and conditions
Ahead of signing up with a letting agent, ensure that you go through the terms and conditions with a fine-toothed comb.
A reputable agent won’t pressure you to sign there and then, so feel free to take it away and read it at your leisure.
Why choose homes4u as your letting agent?
Whether you have a niche building, a small portfolio, or just one property, it’s important to make sure the letting agent can handle your requirements.
With over 30 years of experience in Salford property and the property market in the local area, homes4u offer assistance for both landlords and tenants and can help you to buy or sell your property alongside offering a range of award-winning services.
If you’re looking for a letting agent in Salford, our team of specialists can assist you with all your property needs, from offering our clients comprehensive packages to selling your property if you wish. Get in touch with us today.