Why it pays to have a property manager

Recent research has revealed that the UK is home to over 2.5 million landlords.

And despite the challenges posed by Covid, the same survey also suggested that 250,000 landlords are looking to increase the size of their portfolio this year.

So, it would seem being a landlord remains a popular option for many people - and on the ground, confidence is high, with demand for rental properties, especially family-sized homes, exceeding supply.

Complex rules

Most people are not professional landlords, and many fall into the sector as a result of an inheritance or a long-term investment. For this group, having to actually manage a tenancy, while complying with a complex set of rules and regulations, is a burden.

Yet 60% of landlords surveyed chose to manage their properties themselves. 

It’s not just the legislative changes that need to be adhered to which can make life difficult – 50% of landlords cited damage to property and reliability of tenants as their main concerns alongside rent arrears.

Penalties

And the penalties not keeping up the regulations can also be very serious – landlords can be fined up to £30,000 if they fail to provide an electrical installation report.

In short, the option of having a professional and experienced property manager or letting agent looking after your interests is extremely attractive and can save you time and money in the short and long term.

Adrian Sangster, Leasing Director at Aberdein Considine said: “There’s no doubt that having a professional manage your property affairs can take a huge weight of your shoulders, especially from a financial perspective.

"With the addition of innovative services such as Aberdein Considine’s rental guarantee scheme it makes sense to consider becoming a landlord and letting someone else take on the burden of looking after your investment.”

Speak to us about property management

We believe that managing a leased property to the highest standard demands a professional and proactive approach. 

Our experienced and ARLA qualified property managers provide a personal one-to-one service that is designed to remove stress and minimise risk, regardless of whether you have a single property or a large portfolio.  

Click here if you would like to speak to us about property management.