Landlords might Struggle with the Hassle and Tedium of Property Management

As we watch the economic meltdown continue what does the future hold for landlords.

Well that's a good question and as we've said many times on the site - impossible to answer.

But having just read Rigsby's comments about rodent management it got me thinking about another element to the equation.

- Hassle and tedium.

As you know I handed the keys over to letting agents a few years back having spent years self managing my portfolio.

Now to be honest I got fed up with the endless maintenance phone calls, the re-letting etc . I suppose I'd done too many circuits of the letting cycle.

I never really saw myself as been born to be a landlord. I kind of just fell into developing property and the property management followed on from that.

Now we see a lot of new landlords and property investors who have dropped into the world of property management as a quick route to riches and securing their financial freedom, others who were sold the dream of quick fortunes by Americanised dream mongers peddling property through evangelical seminars have been forced to self-manage property as a way of making ends meet .

Alas, many of these landlords are either just scraping by or running at a rental loss. The promise of continued capital growth from increases in property values seems like a 'sick joke'.

They are now looking at a future of trying to meet btl mortgage payments with the hope that they can claw back their finances to the point they started at.

Now will these landlords hold onto their dreams, will they continue to work through the endless tasks of property management or will they get fed up with the endless grind of property maintenance and letting tasks?

So hassle and tedium can be seen as another component to the potential run on btl property.
Will this new influx of landlords want the hassles of property management, when the medium term future for financial returns will be small if any.

Who wants to work for nothing, especially when it involves fighting off rodents whilst trying to clean out the drains.

Your darling Margo