Hi My property has been vacant for 2 weeks now but before that i had a bad tenant in there that didnt like to pay the rent..i am thinking of listing it with more then one agent but i am worried if i was to change agents then would the agent that i was with be less likely to collect rent that is owed to me has any one ever been in this situation is it common practice to list a vacant property with more then 1 agent ?? and should i do it in my situation??? thanks for all your help in advance
Your current agent may not have any success in getting the lost rent and you may only get the bond back. You should look at taking out landlords insurance (CGU) to cover lost rent and malicious damage.
I would physically go and check the property is in good condition as tenants will not rent a place that has a worn out look , bad colour scheme, long grass, unkept gardens, ect. Paint the interior in Pastel neutral colours rather than bold colours, mulch on the gardens (cheap but effective). Do not rely on a condition report go and look for your self maybe take a friend and get their opinion maybe a different gender than you. You may need to think about reducing the rent rather than having a vacant property that can be vandalised or possessed by squatters.
I have gone through having a property abandoned and then vandalised. It is really worth looking at the property to see if it is up to scratch.
You may wish to let the current agent know that you are considering taking the management of your house to another agent before actually doing this, although I did not do this
I just rang another agent and they went around and picked up the keys. It was too late for the previous agent to make amends with me they where fired as mr Trump would say !
Maybe you could ask the property manager if they could inspect the property with you with the view of what might be putting tenants off renting it.Happened to me too. I only got the bond back, which I did most of the ground work for anyway. I circulated the property to other agents and the one who found the right tenant got the job. Never had problems since. And also got landlords insurance just in case. [baaa]
JLo
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