Managing your lettings agent (Part I)

Posted on April 13, 2005 in 3plus1, Educational blog, Letting, Property, Rental

Hey guys,

You don’t let new employees work unmanaged and the same goes for a lettings agent. Their job is to find you a tenant but you must still manage them.

I spent a number of years in my early life in the Australian military. As a leader l quickly learned one thing: if l was given a job to do l could delegate the task (i.e. get someone else to do the work), but l still had the responsibility. This naturally meant that if a task was not done properly, responsibility still rested on my shoulders.

So remember to delegate the task but assume the responsibility.

I apply this rigorously in my property portfolio. If l choose an agent l will tell them what l expect and then l will stay on their backs until they find me a tenant. Always remember – the squeaky wheel gets the oil!

Live with passion,

Brett Wood