Not all property investors want to be full-time landlords, that’s where we come in…
Deciding whether you want to manage your property on your own – or seek help from an experienced lettings agent – is one of the most important decisions you will make about your property.
It can be the determining factor on your letting experience as a whole. So, in order to give you all of the facts, we’ve broken down exactly what you could expect from our team at Hair & Son.
If you’re a first-time landlord or you’ve only ever taken care of your portfolio yourself, you may be unsure which service type best matches your needs.
Fully-managed covers everything from your rental’s day-to-day property management to your compliance to regulations, whereas some landlords may prefer a reduced package like rent collection or tenant find.
Key benefits to a fully-managed experience
Reduces stress
Receiving a call from your tenant in the middle of the night is never ideal, however, emergency situations do happen and it is your responsibility to ensure a fast resolution.
A fully-managed let means that your letting agent will take care of these issues instead with their own recommended contractors and tradespeople, meaning that you don’t have to be available 24/7.
Handles new and existing legalities
Lettings regulations are updated periodically with new requirements introduced every year, so it can be difficult to keep track of where you’re vulnerable.
If you are fully-managed, you won’t need to worry about inadvertently breaking the law as a landlord, as you can rely on your agent’s experience and knowledge of the sector.
Peace of mind with your rent
No one wants late rent payments, especially if you rely on that income to pay the mortgage.
Lettings agents are well practiced on collecting rent effectively, taking the headache out of the process each month.
Reduces vacant periods
A big concern for landlords is the standing vacant time in between tenancies.
A good letting agent will focus not only on finding good tenants, but ensuring they stay in situ for as long as possible.
If they do leave, then your agent will be on the case to get a replacement, marketing your home and approaching their database of suitable tenants.
We can give you peace of mind
Managing a property that you don’t live close to can be difficult, particularly when the country remains under lockdown.
As much as you would like to make routine inspections or friendly check-ins, many landlords find it easier to delegate those responsibilities to an agent.