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I want to know if I can instruct 2 Letting Agents at the same time for the same property. It is taking some time for the first agent to get a tenant and I am wondering if I could instruct another agent, In order to let the property in time.
Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences.
Wise words, its all in the contract. In addition, if you dont like the terms of the contract, you can always try and negotiate it prior to signing.
There may be exit fees for the Agent that is unsuccessful in finding a Tenant.
Though whilst duel-agent sounds that its twice as fast to find a Tenant. Perhaps not? They are both fishing in the same pool of tenants, probably on the same Property Portals.Unless the existing is really bad at picking up the phone and arranging those appointments (or tenant fees are high). I'm not sure listing it more than once will be more efficient.
_________________________________________________________________________My posts are not financial advice, just a rambling guy passing time on a coffee break.The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance._________________________________________________________________________
Hi Rachel,If you property is advertised on all the main portals, then its unlikely to be the fault of the agent and more likely to be something not quite right about the marketing of the property.See -
My property won't let! 6 tips to get it let!
How many viewings have you had? What feedback did prospective tenants give?Have you considered dropping the rent - price being the key factor when tenants are searching?Have you considered offering a Zero Deposit option as this could significantly increase interest?You can instruct another agent, and perhaps move to one that is offering the Zero Deposit option ....Hope that helps?
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
I use 3 agents so there is competition between them as one agent might be pushing a favoured landlords properties before yours
Some agents stipulate exclusivity in the contact so you'll need to check that. I agree with Vanessa though, usually, properties that aren't renting is due to the following;
A book you may want to consider is my recently published International Amazon #1 best-seller, The Property Pension Plan, Financial Freedom Through Buy to Let Investing;
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