Are you thinking about hiring a leasing agent? It could be a wise decision, depending on your situation. Filling a vacancy, especially multiple vacancies, can be time-consuming and stressful.
Let’s take a look at what exactly a leasing agent does in the state of California, then we can examine the pros and cons of hiring one.
What Is A Leasing Agent?
A leasing agent is an intermediary whose purpose is to help landlords and property owners rent their residential or commercial properties. They are responsible for finding tenants based on certain criteria and in accordance with the law. A good leasing agent will not only strive to fill your vacant properties quickly, but at top market dollar as well.
Tasks a leasing agent can handle are:
- Advertising vacancies
- Handling social media
- Hosting tours and showings
- Making maintenance calls
- Processing lease applications
- Running background and credit checks
- Processing lease paperwork and deposits
Having a leasing agent take on these responsibilities would free up a lot of your time, and that brings us to our first “pro”.
You Will Save Time
Think about how much time goes into filling a vacancy. As soon as a property becomes vacant, you have to market it and start fielding phone calls, emails, texts — and half of those calls are from people who just want to know how much the rental costs per month. Hiring a leasing agent who can handle all the marketing, questions, showings, and screening of potential renters will keep your process organized, efficient, and free up your time.
Dealing with so many queries and people can get chaotic quickly, and a leasing agent can step in and make sure the process is done effectively, and with safety measures in place.
Fill Vacancies Fast And Hassle Free
A leasing agent will have industry experience on their side, and be well-versed with the ins and outs of the local market as they have been heavily involved in it for a number of years. They’ll have a defined process to easily convert vacancies into occupied properties in a much shorter time frame.
You Have To Spend Money To Make Money
Leasing agents do charge for their services, and their rates will vary. You will need to ask yourself if the commission you pay for hiring a leasing agent is worth the time and exertion. Many owners view leasing agents as a good investment as they keep their units filled. You may have to spend a little money in order to achieve your financial goals in property performance and profitability.
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We are dedicated at LandlordInsuranceca.com to providing helpful advice to property owners. Be sure to check out our previous blogs for topics like: Does Landlord Insurance Cover Loss Of Rent In California?
As top industry professionals, we strive to serve California landlords and property owners and take care of you every step of the way. Contact us today to get a quote and speak with a member of our team about finding the right solution for your needs.
