Switch My Property Portfolio Letting Agent In Glasgow
How to change the letting agent for your Glasgow property portfolio
Are you a landlord with rental properties in Glasgow? Feeling underwhelmed by the service you’re receiving from your current letting agent? You might be surprised to hear that switching agents is much easier than you think.
Many landlords tolerate subpar service from their letting agency, whether it’s poor communication, a lack of activity in locating new tenants, unsatisfactory costly repairs, or missed rent payments. They do so out of loyalty, fear of the complications of changing agents, or a lack of confidence in their ability to make the transition.
If you are considering moving letting agents, keep in mind that your Glasgow property portfolio is a valuable asset. Your agent is profiting from your rental project, and you deserve the greatest service. Remember that changing agents is usually a simple and quick process, often without you having to get involved during much of the transition, especially if a broker or solicitor handles the proceedings.
Take a look at – https://www.westernlettings.co.uk/blog/how-can-i-save-money-on-my-investment-property-portfolio/
Why switch my property portfolio letting agents in Glasgow?
There are plenty of reasons to consider a switch depending on your circumstances. For example:
- Monthly management fee increases – if your agent has put up their fees – and you’re not sure you were getting your money’s worth in the first place.
- If you’re struggling to find a tenant, despite your property being well-located, nicely decorated and in a high-demand area. Maybe your agent’s team aren’t pulling their weight.
- Poor service – whether failing to return your calls or a lack of courtesy when dealing with your queries, poor service is one of the main reasons investors and landlords consider changing letting agents.
So how do I change my property portfolio letting agents?
1. Check your contract
Most landlords can move agents without too much difficulty, but you need to have a look over your contract. You may have signed up for an initial 6 or 12-month period, during which you can’t change without penalties. The terms of your contract may also depend on whether yours is a let-only or a managed service – if you only signed up for a tenant-finding service rather than a fully managed one, you are less likely to be tied in for a long period.
Also, determine the termination period – how much notice you will need to give your agent before you move.
2. Find a new letting agent
If you haven’t already done so, now is the time to shop around for a new agent. Look at fees, but don’t base your decision on this alone; consider the valuable services they provide too.
- Talk to letting agents working in your area, Ask plenty of questions to find out how good they are at sourcing tenants and managing investment properties.
- Get a feel whether you can build a good professional relationship with your estate agent.
- Read reviews and testimonials and ask for personal recommendations.
- Find a new letting agent before you leave your old one as they may manage the switchover process for you.
- In Scotland, letting agents must be registered with the government0
3. Give notice
You need to give your letting agent written notice that you intend to terminate the contract. If you are moving agents midway through a tenancy, you should let your tenant know about the change at this stage. Obtain their contact details from the agent, if you don’t have them already.
It is important to have all your paperwork in order, so make sure you get confirmation of the termination of the contract from your agent before you proceed, including details of and receipts for any exit fees.
4. Collect keys and paperwork
Arrange to collect the keys or have them handed to your new agent. Make sure you collect all the paperwork relating to the property from your agent, including the energy performance certificate, gas and electrical safety documentation, inventory, tenancy agreement and deposit protection details.
Remember your tenant’s deposit must be kept in a Scottish government-approved scheme, ensuring security for your investment property. If the deposit was registered with your agent, make sure it is transferred to your name or that of your new agent before you sell a property.
Can you change letting agent mid-tenancy?
Yes, the tenancy agreement is between you as landlord and the tenant. The letting agent manages the property, so it should make no difference, but always check your contract first.
How easy is it to change letting agents?
It is usually very simple as most letting agents will take on the work involved for you – meaning all you need to do is give notice and choose your new agent.
How do I find a letting agent in Glasgow?
As we’ve said, do your research, read reviews and testimonials and contact a few Glasgow agents to find out what they can offer you in the property market. We at Western Lettings would be delighted to talk to you about our services for Glasgow landlords, including property market appraisal and investor services. services for Glasgow landlords interested in the investment property market.
How do I switch to Western Lettings?
At Western Lettings we offer a letting agent switching service. This means that we’ll minimise the work you need to do – and the stress. Schedule a call for a brief consultation and we’ll tell you more about the property market and estate agent services.
