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  • Property-a-holics

    Letting Agent Tenant Find Service

    Hi Guys, it has been a long time since I needed to find new tenants as they tend to stay a long time.

    As I'm not up to date with all the changes and checks that we need to do I've decided to use a letting agent's find service only.  Can I hold the deposit or has the agent got to hold it or lodge it?  I manage some of my properties and usually hold the deposit but I've not used a letting agent's find service before.

    If you have any tips about using an agent then that would be helpful.

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    Amber

    I use estate agents on a tenant find only basis. I do all the paperwork side myself  including contracts and credit checks etc as well as taking the bond and putting it into the DPS.

    I get charged £200 + vat for this service, Im in Northumberland

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    The most important thing to do is to find a reputable lettings agent.

    How to vet a lettings agent ... 12 questions to ask

    Each agent will offer a variety of services from tenant find to tenant find plus rent collection to fully managed.

    When I have used the tenant find, the agent has undertaken the referencing, Right to Rent check,  and also protected the deposit.    Best to check with the agent you choose as to what they offer for each level of service.

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    I use OpenRent.co.uk

    Can't recommend them highly enough. There's a thread on here about them - all positive reviews I think.

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    Rachel 

    "Change is a prerequisite to longterm survival".

    The establishment is rigged so that the rich stay very rich, and the poor get poorer.

    Upad are the self-managing agent partner of Property Tribes.

    See Upad vs. OpenRent

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    Thank you Vanessa and Rachel for the information.  I will check them out.

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    Also try LRS whose referencing will also qualify for RGI if sufficient and is the only one who uses network referencing.

    For about £140 you get full referencing and an annual RGI policy

     You certainly don't need to use conventional and very expensive referencing services

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    Thank you Paul, that sounds great!

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    If I was you I would obtain quotes for the providers you have been advised of including the RGI costs.

    You could then make an objective consumer decision.

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    Thanks Paul.  I will get several quotes to do a comparison.

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