There may be misconceptions about how easy it is to operate a property leasing business or an online letting agent. After all, all the landlord has to do is collect the monthly rent, right?
Wrong. Property leasing is more than just the income the landlord makes. In fact, it is such a tedious process that requires expertise and experience, and the lack of these two variables can hinder the success of the business.
One common struggle landlords share is how to lease their properties faster and more efficiently. So if you are facing the same dilemma, continue reading this article to find out how an online letting agent from property management agencies like Oasis Living can help you.
What Is An Online Letting Agent’s Role?
With so many different services offered in the real estate industry, it can get pretty confusing on which expert to turn to in case you need help with leasing your property.
If you are familiar with high-street letting agents, then you already have an idea of what an online letting agent’s role is. The only difference is that the latter operate online- which is a great advantage because of how wider a reach the online platform has.
An online letting agent is responsible for the following tasks:
- Advertising properties on the largest real estate portals in the UK
- Sourcing tenants and conducting screenings according to your criteria
- Collecting monthly rent and dues
- Provide agreement forms
- Facilitate property viewings
- Back and forth communication with the possible tenants
Online letting agents are not limited to the above-mentioned tasks, and you have the option to be as hands-on as you want to be, so their usual tasks will depend on your preference.
How Do Online Letting Agents Help In Leasing Your Property Faster?
Now that you are considering hiring a letting agent to help with your property leasing business, you must be torn between a high-street letting agent and their online counterpart.
Some people would prefer to hire a professional with an established physical office and who can conduct face-to-face meetings; however, online letting agents are getting the spotlight recently due to everything being done online now.
You will also be saving on fees because online letting agents generally charge lower than high-street agents, and this is because of the nature of their work arrangement.
Besides, with your letting agent operating online, you are given the advantage of them being more familiar with how online transactions are done. With their expertise in this regard, they will be able to penetrate a wider market, and more interested renters will flock to your listings.
Things to Keep In Mind When Hiring An Online Letting Agent
Property management agencies like Oasis Living are everywhere online. One quick search would lead you to a plethora of choices, and it can get overwhelming to sift through all of them in order to pick the one that best suits your preferences. However, this stage is something that you should not rush.
Find an agency that you will feel comfortable enough to entrust your investment and don’t take your relationship with them lightly. It is important to build a trusting relationship, and you can only do this when you find the best online letting agent for you.
Hiring an online letting agent will also give you the advantage of seeing how they facilitate transactions. This way, you will have a better understanding of how leasing properties work, and you will be able to absorb tactics that you can use in the long run.
Conclusion
Most businesses have already migrated online- the property industry included, and it seems this way will remain given how convenient everything is now because of the internet. As a landlord, you should also adapt to this method and engage with an online letting agent to improve the business opportunities of the property investments you have.