Letting and Agency – Being a landlord comes with responsibilities, benefits and risks. As a property owner intending to earn a sustainable income by letting out properties, you must be skilled in the art of real estate maintenance, sourcing for credible tenants, profit maximization from the asset, expenses minimization and more importantly, you must be familiar with the Tenancy Laws and its application.
If you don’t have all of the above requirements and more, your best bet towards sustainable income generation from your property will be by hiring a Letting Agency like us.
Depending on how intense you want to be involved with your property, we offer a wide range of letting options which allows you to take some or none of the burden of property management:
1. Tenant Find:
This is the most basic letting service used by property owners in Nigeria. It is suitable for experienced landlords who want to physically monitor their properties and perform all landlord-related responsibilities like rent collection and property maintenance.
Property owners who opt for this service automatically assign the letting agency with the task of ensuring that their property is never vacant.
At Lansar Aghaji & Co, not only do we provide you with a worthy stream of tenants by advertising through multiple channels (our website, social media pages, real estate publications/portals and by networking with other letting agencies), but we also:
– Accompany prospective tenants to view the properties
– Interview prospective tenants and perform a solid background check.
– Draft the necessary agreements based on your specification.
2. Rent Collection:
This service is suitable for landlords who have the time and expertise to perform the landlord’s responsibilities but wouldn’t want to engage in the hassles of rent collection and/or tenant sourcing.
This service comes with all the privileges of using our “Tenant Find” services as explained above and the additional task of collecting rent on your behalf.
Our years of experience as a rent collector has made it easier for us to greatly reduce payment default from tenants.
3. Fully-managed Service:
This is an all-inclusive letting service for landlords. It is suitable for property owners who are new to letting, reside far from the property or are simply uninterested in managing the property themselves. Except for owning the property, you take no responsibility in the management of property, collection of rents and the sourcing of tenants.
In addition to having the privilege of “Tenant Find” and “Rent Collection”, our fully-managed services also include
– Inspection services and status report: Regularly, we will inspect your property for damages or repairs and send you a status report accordingly.
– The handling of tenant queries: Tenants queries are not uncommon; we will address them as they arise.
– Check-in and Check-out: We’ll help in crossing all the T’s and I’s necessary for tenancy check-in and check out.
From the above, it is clear that your letting option is a reflection of the roles you intend to play in managing your property. Talk to us via any of our contact options for more information about how you can successfully save yourself from the hassles of property management without hurting your passive income.
