Deciding between a property manager and a letting agent is an important choice for landlords in Ireland. Both provide valuable services, but there are some key differences to consider.
Responsibilities of Property Managers and Letting Agents
A property manager handles all aspects of renting the property including finding tenants, collecting rent, maintenance, repairs, legal compliance, etc. They are the main point of contact for tenants for any issues that come up. A property manager works solely for the landlord’s interests to maximise rental income and minimise voids.
In contrast, a letting agent specialises primarily in finding tenants and setting up tenancy agreements. They may collect rent on the landlord’s behalf as well but do not handle the ongoing property management that a property manager provides.
Key Differences Between Property Managers and Letting Agents
There are some key differences between property managers and letting agents. A property manager provides a more complete, full-service management solution and oversees the property long-term. Letting agents have a narrower role focused on the beginning of the tenancy.
Property managers work exclusively for the landlord’s interests. Letting agents have to balance their responsibilities between landlords and tenants. In terms of fees, letting agents charge for specific services as they come up. Property managers charge an ongoing percentage fee but provide full-service management in return. With a consistent property manager, you deal with the same point of contact regularly and build a relationship. Letting agents have less direct, ongoing contact with landlords.
Why Choose a Property Manager in Dublin
Choosing an experienced property manager is highly recommended for landlords renting property in Dublin for several reasons. A good property manager will handle any tenant issues promptly and legally to minimise voids. Their market knowledge helps ensure rental income is maximised. They take care of all the necessary legal and regulatory aspects like deposit protection. Property managers also manage any maintenance issues seamlessly with trusted contractors. You also get dedicated account management and regular reporting.
KPM – Your Property Management Partner in Dublin
KPM provides specialist property management services in Dublin. With over 15 years of experience, they are a trusted partner dedicated to maximising returns for landlords. What makes KPM stand out is their excellent knowledge of the Dublin rental market, proactive approach to minimising voids and maximising rent, and hands-on, responsive service for a personalised approach. They provide detailed monthly statements on all property activity and have long-standing relationships with contractors for repairs. KPM is also fully compliant with all current Irish rental legislation.
To experience the KPM difference and benefit from dedicated property management, contact them today to discuss your specific rental property needs.
