Over 55% of landlords rely on leasing services to manage their properties, which shows how many outsource their needs.
Knowing what to look for in a Lynnwood leasing agent is essential for protecting your investment and reducing the vacancy rate. But if this is your first rodeo, you likely won't know which characteristics to focus on.
Sounds like your situation? Luckily, we've got the answers you're searching for. Here are four things to consider when finding a leasing only service in the Lynnwood, Washington area.
1. Experience
You wouldn't hire a contractor who only has several months of experience, and this is the same when choosing a leasing agent. Ideally, the services will have years of experience with landlords in your position so they can offer sage advice and guide you through the rental process.
Further, leasing agents should know everything about lease agreements. Knowledgeable property managers will add crucial clauses that cover common scenarios, such as maintenance responsibilities.
It's also important that the leasing agent company has experience with the local market. These professionals will know how to overcome specific challenges and understand laws associated with the Lynnwood, Washington area.
2. Great Reputation
One of the top real estate agent selection tips is considering their reputation. In fact, 95% of consumers agree as they read online reviews before buying a product or service, which proves how powerful testimonials are.
Spend time reading comments on the leasing agent's website and social media pages to determine whether they're a good fit. If you have reoccurring negative comments, continue your search as that's a major red flag.
3. Quality of Tenant Screening Processes
Out of all the leasing agent factors, the quality of tenant screening ranks highly. Choosing the wrong tenant could put your property and income at risk, so you must consider the process when selecting a property agent.
Reputable leasing agents have a system in place where they check the applicant's credit history, references, and criminal background to prevent nasty surprises. The leasing agent should also contact the candidate's employer and references to see what they say about their reliability.
4. Has Licenses and Certifications
As you're searching for leasing agent tips, it's important to stress the importance of licenses and certifications. Leasing agents should hold up-to-date licenses, certifications, and receive regular training to work in the Washington area. If this isn't clearly stated on their site, contact the leasing agent and they will provide the documents.
Our Tips for Finding a Leasing Only Service Today
Once you take these tips on board, you'll find a leasing only service in the Washington area easily. The key is to factor in the team's experience with managing properties so they understand the state's regulations inside out.
At PMI Brewder Realty, we have years of experience working with landlords in the Lynnwood and surrounding areas. Thanks to our expertise, investors get peace of mind knowing that their investment is safe so they can grow their portfolio.
If you're interested in our services, we'd love to hear from you. Contact us here to chat with a representative.
