If a landlord has a property to rent out, he has the option of looking for a tenant on his
own. Instead of exploring this option, he can seek professional help to find the right
tenant. It is advisable to hire a property agent though many landlords are tempted to
save brokerage fees. The consequences of not having a property agent are disastrous
as the landlord ends up with a tenant who proves to be a source of trouble. Hire a
property agent who is an expert in the rental business segment to avoid regrets later.
Since a real estate agent has the latest updates regarding ongoing rates in various
localities, he is able to provide a tenant who pays the highest rent for the property.
Saving in Cost
A real estate agent can place advertisements on behalf of the landlord at zero cost.
He uses his superior marketing services and network to generate leads. But a
landlord has to spend his money on releasing advertisements in the papers to find a
A real estate agent already has several clients looking for a good rental option and
this saves time and resources. His database is useful.
A real estate agent handles negotiation with the tenant and ensures the terms and
conditions set by the landlord are not modified by the tenant. When a property agent
is involved, a tenant cannot take any advantage or put forth clauses.
A real estate agent bears all the responsibilities related to the rental
process. Advertising, showing of the property, tenant screening, preparing the
lease document, and collecting funds are his key duties.
A property agent digs up the past of a tenant – the relationship he shared with his
previous landlord. He is able to know whether the tenant behaved well with his
earlier landlord, paid rent on time, and maintained the property well or not. Getting
the right tenant is the prime reason why you need to hire a property agent. Seek a
tenant who cares for the property and maintains cordial ties with neighbours.