With over 68,500 leasing agents scattered across the country, it can feel overwhelming to find the right one for your property.
Because not all leasing agents are created equal, you must know how to spot red flags and take certain considerations onboard. But if you've never dealt with property management before, it can feel overwhelming knowing where to start your search.
Luckily, we're here to help. Here's everything to consider when searching for a leasing-only service in Austin, Texas.
Your Needs
Before comparing candidates, outline your needs. Because you only want lease-only services, hone in on this area because that's where the leasing agent's duties lie. You should be upfront about any demands you have so that you find the perfect fit.
For instance, if you have an older property then choose a leasing agent who is confident about advertising and overseeing the maintenance requirements.
Cost
You don't want to spend hours searching for a leasing agent, only to find that they're outside of your budget. Note that a leading consultant can charge between 4 to 10% of the monthly rental price, so make sure you choose one that's affordable. If not, you won't make a profit and will have less money to invest back into your property.
Credentials
Leasing agent responsibilities are similar between companies, so the best litmus test is to consider their credentials. Look out for agents who have a license to practice in your state and have the right qualifications for the job. You should also check that they're members of credible organizations, such as the National Association of Realtors.
Skills
Never sign paperwork until you've assessed their leasing agent skills. As the agent is the face of your property, they must be personable, so it's easier to negotiate with tenants. You want a candidate who is organized and will keep you updated throughout the process.
Referrals
Only consider leasing agents who provide a list of recent referrals. Call each one to ask about the quality of the candidate's services and whether they're reliable. Note, that if there is a pattern of negative comments about the leasing agent, continue your search because it's not worth the risk.
Their Tenant Screening Process
The leasing agent's tenant screening process will vary, which is why asking about it is useful. Ideally, the candidate should run a thorough background, check complete with their credit history, previous landlord's details, and employment references. The report should highlight any past evictions and criminal history.
Once gathered, the leasing agent should contact you with a list of the top tenants so that you can make the final decision.
Find the Right Leasing-Only Service Today
Hopefully, equipped with this information, you know how to find the perfect leasing-only service in Austin, Texas.
Make sure you factor in the candidate's rates, credentials, and skills. Landlords should ask for referrals and inquire about the leasing agent's tenant screening process for peace of mind. Good luck with your search!
Ready to lease your property? Then, contact us here to get started.
