16th November 2016

If you’re a landlord, and looking at various different options on letting agent front, knowing exactly what you need in an agent is important.

If you don’t know what to require or expect of an agent, then how can you choose the best one for your needs? Different Gloucester letting agencies have different abilities, skills and specialisations, so absolutely nailing down your needs, and what you expect from the agent is crucial. But what exactly goes into a successful landlord/ letting agent relationship? Much like many other business partnerships, there are several required criteria and standards most parties must keep to for the most profitable, stable and fruitful outcome.

First and foremost amongst these is communication skills, followed by skill and knowledge, and let’s not forget trust. It’s important to feel that your agent has your back throughout your business relationship, so trust is a must. Property ventures can be a stressful affair, so trusting your agent to handle their corner is important. Understanding what goes into the perfect landlord/agent relationship is the first step in building your own, so here’s everything you need to know.

Communication Skills

While it is possible to reach certain levels in business with little to no communication skills, being able to communicate well with clients and partners is an absolute must when it comes to fruitful partnerships. Being able to grasp and understand concepts and ideas, as well as keeping each other in the know at all times, quality communication is a hallmark of literally any great relationship, business or otherwise. A letting agent should keep you in the loop always, while understanding all elements of the property, what needs doing, etc. Make sure your letting agent has sterling communication skills.

No Weak Links

When it comes to the potentially tricky business of property management and renting, you need to make sure you both fully understand the full scale, along with all the niches and risks, of your venture. You don’t want to be neck deep in the project when a hugely unforeseen problem blindsides either you, or your agent. Making sure you research everything thoroughly is key to this, as is utilising skilled, experienced letting agents. While you can’t foresee all the potential problems in a project, just knowing about the majority, and having an experienced letting agent capable of dealing with them is the best forward plan for success. 

Trust Your Agent

When it comes to trusting and learning to rely on your Gloucester letting agent, it’s really just a case of sitting back and letting them do their job, and you yours. As your agent/landlord relationship deepens, you’ll steadily learn to rely and trust each other, and with this reliance and trust comes a much easier project, as you’re surrounded by partners you trust. Property ventures can be potentially stressful and draining, and utilising reliable, useful and most important, trustworthy letting agents allows you to let go of some of the stress, and just get on with managing your property. Anything that makes your job easier and less stressful is worthwhile. 

Much like any potent and fruitful business partnership or relationship, your letting agent/landlord relationship requires three things. First and foremost is communication, as nothing can be achieved effectively without this. Second is knowledge, experience and skill. Your agent needs to be valuable and necessary, they need to achieve things that you’d struggle to, foresee issues and avoid them, and help you in any way they can. Useless agents need not apply. Thirdly and finally, you need to trust each other to hand your own sections well. Trust will follow the other two as you both realise you’re good at your respective jobs, and eventually come to rely and profit from each other. A great business partnership is nothing complicated, but it does require transparency, skill and trust to go anywhere amazing.