It has been reported that one in eight landlords does not have landlord insurance! Whilst most landlords will of course have regular buildings insurance, covering subsidence, storm damage, flooding etc, some policies do not take account of a property being let. In fact, some insurance can be invalid if the insurer has either not been informed that the property has a tenant, or if the insurance specifically excludes tenancies.
Most estate agents make similar claims about their ability to secure the highest possible price, in the shortest possible time, with the least possible inconvenience.
There are landlords and there are landlords. Some are what we call “accidental” landlords, who decided to let their property as an alternative to selling. Others are somewhat inadequately regarded as “amateur” landlords, who have a single investment property.
Despite the fact that many people regard estate agents as more or less the same, there are in fact numerous selection criteria on which to judge the good from the bad, and the exciting from the mildly indifferent.
Although a good letting agent will of course expect to accompany prospective tenants who want to view your investment, and are trained to maximise the opportunity, there is a lot to be said for you being there too!
Fraser Reeves Estate Agents Limited, Reg office: 103 High Street, Newton-le-Willows, WA12 9SL.
Reg.no: 13669543. Reg: England and Wales. VAT Registration No: 400 0985 37
Sales: sales@fraser-reeves.co.uk | Lettings: lettings@fraser-reeves.co.uk
Tel: 01925 222555
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