Over 2000 UK letting agents have benefited from the knowledge and expertise we provide, and have found and marketed over 1 million properties using resources and techniques that we pioneered.
However, if you’re contemplating becoming a letting agent, we’ve found that initial research is vital if you wish to start with a solid foundation. Below we summarise the easiest way to familiarise yourself with one of the most important aspects – local rental levels.
It will be part of your service as a letting agent to provide a rental appraisal (approximate rental valuation) of a property to be let for your landlord client, and to agree a marketing rental with him. The landlord will generally respect your opinion of the rental level their property is likely to attract, and this will often be one of the first questions on their mind. If you’re wondering how to become an estate agent, you may also be interested in our training and business packages for estate agents.
Of course, offering the property at a realistic market rental rather than overpricing it will make all the difference between letting it speedily, or having it hanging around for weeks – a situation which benefits no-one.
Don’t worry, you won’t need to be precise with your valuations. In fact there is no such thing as a precise valuation, as various local agents will have slightly different ideas on the same property.