Do you have multiple properties? Do you want to rent them out and earn extra income? If yes, then you would need the services of Apartment rentals agencies in Surry Hills. As the landlord you might be concerned about getting the right tenant and a rental agency can help you with that. Without their help, it might get too overwhelming for you to manage it all on your own. Therefore, in this blog, we will discuss apartment rental agencies and their benefits. Continue reading to find out more.
Let us start by learning what an apartment rental agency is. What is an apartment rental agency? An apartment rental agency is a company that provides services to both landlords and tenants. It acts as a bridge between the two parties. They help tenants look for rental properties by connecting them with the right landlords. By providing services to both of them, they make the process faster and simpler. Rental agents are paid by landlords for their services. Tenants and guests, however, do not pay them for their services. The process of renting out becomes much faster if you involve a rental agency. They get you the most suitable tenants and fill up vacant rental properties. How are they different from property managers? You might have heard both terms and may be confused about the same. So, you would want to know which one to hire for your requirements. Let us get down to it below. Rental agencies work on getting tenants for vacant rental properties. They screen tenants and manage all conveniences. After this, they are generally not involved as the landlord takes over from there. Property managers do everything that a rental agent does and also handle tasks beyond that. They communicate daily with the tenants, handle maintenance requests and carry out property improvements. The scope of their work depends on their understanding with the landlord. So, hopefully, now you are clear about the two terms. The best way to go about this is to discuss the details with the property management company or rental agency. This way you will be only paying for what you need. You may need to hire both in certain cases. A rental agency along with a property manager can increase your profits to a great extent. What are the benefits of apartment rental agencies? A few benefits of apartment rental agencies are as follows: Tenant screening Rental agencies don’t just find tenants but also screen them. Based on your guidelines and criteria, they go through all the rental applications to understand which one to pick. Rental agencies go through many applications in a year and know how the system works. Incorporating tenant screening is the way to increase your profits. Property care and management Not all apartment rental agencies provide this benefit. You may need to hire an agency to fulfill certain tasks of property management like communicating with the tenant or renewing the lease. Most of the time property management companies handle this task but if you choose not to hire one, you can ask your rental agency to set up maintenance activities for your properties. Managing repairs As the landlord, you can authorize the rental agency to do repairs on your behalf. You must give the tenant a written statement explaining whether or not they can go for repairs. If you authorize your rental agency to do repairs, the written statement should include the amount they are allowed to spend on it. If you choose not to involve the agency in this, then you would have to provide your contact details to the tenant and that would be a hassle for you. So, the easy way is to work with the rental agency for smooth repairs and maintenance of your property. Conclusion So, this was all about apartment rental agencies, what they are and their benefits. We also discussed how they differ from property managers. Hopefully, by now, you are feeling confident about hiring such an agency to look after your rental properties. To get the best service, you need to find an experienced and licensed apartment rental agency. If you are looking for such a company, you can contact AU Smart Rentals. They are the ones to go for if you have a rental apartment in Surry Hills.
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