Factors to consider when appointing a company for lettings management in Prime London
                     Factors to consider when appointing a company for lettings  
management in Prime London
Picking the right company for l ettings management in Prime London can tough. There are  
plenty of reliable businesses to choose from. A lettings management professional is a must,  
however. Few landlords have sufficient time to focus on the property and all related aspects, or  
lack the expert know-how to handle everything single-handedly.
When appointing a lettings management company, factors to consider include:
1. The kind of service you want from the lettings company
There are three models of services that the lettings specialists offer:
● Finding the tenant only – in this case, the company will take the onus of marketing the  
property, conducting site visits of tenants, do the background check of the prospective  
tenants, and once confirmed, prepare any necessary documentation. Sometimes, the  
company will collect the initial rent on behalf of the landlord too
● Finding the tenant plus collecting the rent – this is a model where the company will
complete all tasks listed above, in addition to collecting rent funds on a monthly or  
weekly basis
● Full property management - this model hands wholesale responsibility of managing the  
rental business to a third-party business on behalf of the landlord
2. Understand the experience level of the company
Appointing the services of a professional company for letting management in Prime London  
should ensure seamless operation without hassle or stress for the property owner. Gather  
evidence and do background verification of any company before hiring their services. Ensure  
that you perform in-depth research about the company, online and offline. Read the reviews  
online and ask your acquaintances for any first-hand reports of experiences. To ensure that a  
lettings company is truly trustworthy and reliable, ensure they are a member of one or all of the  
following bodies:
● Royal Institution of Chartered Surveyors or RCIS
● Association of Residential Letting Agents or ARLA
● National Approved Letting Scheme or NALS.
● Property Ombudsman
Membership of these institutes means that the company is committed to best practices and ethical 
 dealing.
3. Fees
Lettings companies have different fee structures based on the kind of service model you have  
chosen and appointed them for.
For property acquisition in London and lettings management, it is advisable to appoint only  
professionally qualified and proficient, experienced companies. Anything less is a false  
economy.
Visit us here:
London Land Management Ltd
https://www.londonland.co.uk/
 
https://www.instagram.com/londonlandgroup/
+44 20 7591 0288