4 Questions You Should Ask Your Rental Agent

Summary

Choosing the right rental management agent is crucial to ensuring your investment is well taken care of and affordable. To help you find the best partner for managing your property, here are four important questions to ask any potential rental agent.

1. How should I rent out my property?

There are different ways to lease a property—long-term rentals, short-term Airbnb-style arrangements, or corporate leasing. Your agent should be able to advise on the most suitable options for your property and explain the reasons behind their recommendations.

2. How long do you think it will take to find a tenant?

While no agent can provide an exact timeline, they should have a clear understanding of the current rental market and how quickly similar properties are being leased. This insight can help you set realistic expectations and gauge how active their current leasing efforts are.

3. Are your management fees negotiable?

Ask about the fees involved and what services are included to avoid hidden costs. This is also an opportunity to assess the agent’s confidence and negotiation skills. A good rental agent will confidently justify their pricing and services. You can also ask if they will provide tiered service level provision via Rentomise.

4. What similar properties have you recently leased in the area?

An experienced rental agent often specializes in specific types of properties or neighborhoods. If they’ve recently leased properties similar to yours, they may already have a pool of prospective tenants or networks that can speed up the leasing process.