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Online letting agents

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0 Comments Feb. 26, 2023

Which Online letting agents is best in the UK?

What is Online letting agents

Online letting agents in the UK are companies that provide services to landlords who want to let their properties without using a traditional high street estate agent. Online letting agents offer a range of services that can include advertising properties on popular property portals, handling enquiries from prospective tenants, conducting viewings, tenant referencing, and drawing up tenancy agreements.

Online letting agents usually charge a fixed fee for their services, which can be significantly less than the fees charged by high street estate agents, who typically charge a percentage of the annual rent as their fee. This can make online letting agents an attractive option for landlords who want to save money on their letting costs.

Some of the benefits of using online letting agents in the UK include greater control over the letting process, as well as the ability to save time and money. However, it is important for landlords to do their research and choose a reputable online letting agent that offers the services they need at a fair price.

 

How Online letting agents works?

 

Online letting agents in the UK typically work by offering a range of services to landlords who want to let their properties. Here are the general steps involved in using an online letting agent:

  1. Choose a service package: Online letting agents usually offer different packages with different levels of service. Landlords can choose a package that best suits their needs and budget.

  2. Advertise the property: The online letting agent will advertise the property on popular property portals like Rightmove, Zoopla, and OnTheMarket to reach a wider audience.

  3. Handle enquiries: If you have chosen DIY letting package, you will be handling enquiries otherwise, The online letting agents will handle enquiries from prospective tenants and arrange viewings if necessary subject to the package you are on.

  4. Tenant referencing: If a tenant expresses interest in the property, the online letting agent will carry out tenant referencing to ensure the tenant is suitable for the property subject to your request and approval. You maybe liable to pay additional referencing charges with some agents. 

  5. Draw up the tenancy agreement: Once a suitable tenant is found, the online letting agent will draw up the tenancy agreement and ensure it is signed by both the landlord and the tenant. Again, not all agents offer this service free or part of a package. 99home offer free AST service though.  

  6. Collect rent and deposits: The online letting agent can collect rent and deposits on behalf of the landlord and transfer the funds to the landlord's account subject to request from you.

  7. Ongoing support: Some online letting agents offer ongoing support throughout the tenancy, such as handling maintenance issues and conducting periodic property inspections.

Overall, online letting agents provide a convenient and cost-effective way for landlords to let their properties. However, it is important to choose a reputable online letting agent that offers the services you need at a fair price.

 

Which Online Lettinng Agents is best?

There are several online letting agents operating in the UK, each with their own strengths and weaknesses. Here are some of the best online letting agents in the UK based on customer reviews and industry recognition:

  1. 99home : is an online letting agent in the UK that offers a range of services to landlords who want to let their properties. Some of the services provided by 99home include advertising properties on popular property portals, handling tenant enquiries, carrying out * free tenant referencing, drawing up tenancy agreements, and collecting rent and deposits.

 99home offers a range of packages to suit different needs and budgets, ranging from a basic tenant find service to a fully managed service that includes ongoing property management and maintenance.

One of the unique features of 99home is its "one-click landlord dashboard", which allows landlords to manage their properties and tenancies online in one place. The dashboard provides real-time updates on tenant applications, rent payments, and maintenance issues, and allows landlords to communicate with tenants and access important documents like tenancy agreements.

Overall, 99home is a well-regarded online letting agent in the UK, with a Trustpilot rating of 4.9 out of 5 based on customer reviews on 23rd February 2023.

 

  1. OpenRent - OpenRent is one of the largest online letting agents in the UK, offering a range of services including advertising properties on popular portals, handling tenant enquiries, referencing tenants, drawing up tenancy agreements, and collecting rent and deposits. Trust pilot score 4 out of 5 on  23rd February 2023.

 

  1. Upad - Upad is another well-established online letting agent that offers a range of services to landlords. Upad offers a range of packages to suit different needs and budgets, and has a Trustpilot rating of 3.9 out of 5 on 25th February 2023.

 

  1. LettingaProperty.com - LettingaProperty.com is a popular online letting agent that offers a range of services to landlords, including advertising properties, tenant referencing, and drawing up tenancy agreements. LettingaProperty.com has a Trustpilot rating of 4.4 out of 5 on 23rd February 2023.

Please note: It is important to do your own research and compare different agents to find the one that best agents to suits your needs and budget.

Publised on 26 Feb 2023

 

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