Hi everyone ... Some more advice please. I have nearly completed my first transaction for a property. I was thinking of using a letting agent for my first few to get experience. What should I be looking for in letting agents for them to work for me. I have heard the cheapest is not always the best? So what should I be expecting /looking out for from the letting agent? Fees? Contracts? What should be included in the contract? Should I use an online letting agent instead or is there too much to consider for my first one? Also do letting agents automatically do credit checks on tennants or should I arrange this? Would you suggest I totally exclude tennants on benefits etc?
Has anyone had experience on letting out to friends? Bad or good idea? What if they don't pay up?
Advice much appreciated