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Larger portfolio changeovers are always troublesome as they have often been mismanaged by the current agent. Tenants are usually in rent arrears and properties are empty and in need of maintenance. There is often a need to balance up the need for evictions and keeping properties occupied until the changeovers are complete to ensure a steady cash flow for landlords. We visit each property as soon as possible to carry out an inspection to assess its current condition and to ensure it conforms to current legislation. We establish a relationship with the new tenant to ensure their co-operation with our changeover processes.
In the initial months, we work had to build up trust as this has often been lost due to the history with the previous agent. A letting agent should always been seen as value for money and ultimately save the landlord money over the long-term, rather than just being an expense.
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