Leasing for Real Estate

Leasing for Real Estate: Advantages and Disadvantages in 2023

Having a property in Colombia has undoubtedly become an interesting opportunity, especially when we talk about renting and other alternatives to earn money with your property. 

For some, the safest alternative is to rent through real estate agencies. While the most daring are willing to take control and do it on their own.

What is the best alternative to rent? It depends on several factors.

In the meantime, find out about the advantages and disadvantages of leasing through real estate. In addition to comparing other options that will be helpful when choosing a rental place for you.

Main advantages of leasing by real estate:

The advantages of leasing through real estate apply, in some cases, for both owners and tenants.

1. Increased confidence

Using real estate professionals to lease your property generates a high degree of trust for all parties to the agreement.

If you are an owner, you can be sure that a true expert will be able to get the most out of your property. Also if you are looking for your ideal site, the real estate agency guarantees you full-fledged support.

In addition, it represents a high probability of a secure and transparent transaction regarding the selection of the tenant, the verification of their ability to pay and the conditions of the property.

Also Read: Reasons To Hire A Real Estate Agency

2. You won’t have to mess with paperwork

Contracts, terms and reference checks are some of the paperwork required for every lease agreement. In addition to personal documents, property documents and legal permits.

When renting through real estate you will not have to take care of it. Because in addition to placing your property, their services include carrying out the corresponding paperwork.

3. Advice during the process

The success of renting a property depends largely on the advice you receive in this regard. The broker of your real estate company will let you know what tenants are looking for, or the best properties available.

They know the area

In other words, they are clear about the strengths and weaknesses of the area where the property is located. Amenities, access and also the most requested type of lease.

So your sales techniques will be finely tuned to convince your potential tenants. In addition to having a clear idea of ​​the type of client who will be most interested in your rental offer.

Real Estate Broker

They negotiate and know about property prices

It is understood that as experts, they have the precise information to establish the appropriate rental price with you.

Even if it seems too high to you, its negotiation skills will allow you to get what you ask for, or adjust your claims to the appropriate price range.

Useful Resources from Real Estate Blog: Types Of Real Estate Investment

4. No legal problems

Relying on the rental services of a real estate agency guarantees you the support of a legal team in case of disputes, non-payment or any problem with the tenants.

In the event that the breach is by the host, due to problems in the property or modification of the initial rental conditions. The tenant would also have direct attention from the real estate agency.

In other words, any type of legal situation will be attended to and resolved using the services of the real estate agency as a mediator.

5. They help you with post-rental problems

The main post-lease inconveniences are related to the state of the property at the time of finalizing the contract. In which, renting by real estate offers a clear advantage.

In general, and depending on the agreement, the real estate agency assumes the expenses and post-lease maintenance work. As well as the payment of the service invoices corresponding to the expired month.

A reputable real estate company is expected to verify the general condition of your property and have all the actions to restore it. These agencies get the information of different properties available for renting and selling via the batch skip tracing of leads generated from different websites like Zillow, propstream, etc.

This guarantees them all the conditions to negotiate again if you decide to rent with them again.

Also Explore: 3 Reasons Why Should You Invest In Real Estate?