Figures show that 58% of the 3.2 million properties in the buy-to-let sector are managed by letting agents. Landlords can typically pay up to 15% of gross rents for a letting agent to manage their buy-to-let portfolio. Property Hawk has been advocating for some years that where possible a landlord should manage their own property to save on costs.
Landlords can do this by using our FREE property management software and potentially save thousand of pounds a year on letting fees.
We would be the first to point out that all letting agents are not bad. In fact having a good one who can get a landlords property let quickly and avoid the pain of an extended void is sometimes well worth paying out for their expertise. Letting agents too can also use the Property Hawk FREE property management software to manage and share information with landlords.
Free property management software, Free tenancy agreements
I think you are right people should try and manage their own properties, this can be daunting for first time landlords but with a little practice and learning from your mistakes you will quickly make money from your property investment. Finding the right way to manage your properties is up to you.
ReplyDeleteI have investigated renting your own rental property the savings can be enourmous as your figures show. Often a letting agent does not add much value at all.
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