Landlords need to protect themselves from the risk of their letting agent going bust.

Letting agents are struggling, many are teetering on the edge of collapse.

There are a number of factors that may cause landlords to be concerned about the stability of their letting agent. (financially, not mentally - that's another post)

For one, many are estate agents who have turned to letting as a way of supporting themselves whilst they don't sell any properties, they are already teetering on the edge of collapse.

As landlords struggle to balance the books, they have been forced to self-manage properties that they once handed over to letting agents.

There are a lot more letting agents around now, making competition extreme. Thanks to landlords evolving into letting agents, estate agents evolving into letting agents, Tom, Dick and Harry evolving into letting agents, there are way too many letting agents to make many viable businesses, as they undercut each other on fees.

Tessa Shepperson of Landlord Law shares her tips on how landlords can protect themselves from the dangers of their letting agents going bust.

How should you choose a letting agent?
Should landlords use a letting agent or self manage?