Date Published 20 September 2023
Being a landlord is a complicated process. Forget location, location, location - in lettings, it can often feel like legislation, legislation, legislation!
And a common question potential landlords often ask themselves is:
'Should I use a letting agency or just manage the property myself?'
So what are the pros and cons?
Many landlords manage their properties on their own and do it very well, but for others, the minefield of legislation is too complex so it's more convenient to use a letting agent.
You might want to manage the property yourself if:
- You want to keep your costs down
-You will have the time and energy to deal with tenants' queries and problems
- You know reliable tradesmen who you can call on to help with any problems
- You are up to date on current regulations that affect landlords
- You want to be a hands-on landlord
- You live close to your buy-to-let property.
You might want to use a letting agent if:
- You do not have a lot of spare time
- You would prefer someone else to deal with tenants queries/handle problems
- You are new to being a landlord and want some professional help
- You do not have a good awareness of relevant regulations and legislation
- You are letting property out but you live in a different area or country
It is important to us that you get the right advice for your situation and needs. We believe in putting 'people over our profits' therefore we only work in our clients best interests.
If you would like to know more about becoming a landlord, or you are thinking of switching agents, we offer our impartial advice free of charge.
