15th September 2018
Q: Is it necessary to use a letting agent?
A: No. It is not necessary. However, it is helpful!
All rental properties need to be managed. Managing your own property may not be that much of a headache if you’re lucky; perhaps you won’t hear a peep from your tenants for months on end.
On the other hand you could get calls day in day out about blocked sinks, and leaking taps; or worse you might get nightmare tenants that don’t pay rent. There are a myriad of issues that could come up, and do come up.
Either way, issues or not, there are a number of legal requirements that must be complied with, and lots of ‘paperwork’ involved.
The actual reality is that most people are not suited to be hands on landlords.
Most of our clients ask us to manage their rentals for them. This helps to make their investment hassle free. The idea of giving up their time to deal with piles of paperwork, trivial property issues and calls from tenants makes no sense, as their time and expertise is better spent elsewhere.