Self-managing a rental property can seem like a cost-saving choice, but the reality often proves the opposite. With new legislation on the horizon and compliance becoming increasingly complex, more landlords are turning to professional management.
The hidden costs of self-management
- Time & stress: From chasing late rent to organising safety certificates, the admin never stops.
- Risk of fines: Failing to protect deposits or issue paperwork correctly can lead to thousands in penalties.
- Tenant issues: Handling disputes directly is time-consuming and can get personal.
Benefits of using a professional managing agent
- Tenant onboarding: We ensure referencing, inventories, and agreements are watertight.
- Compliance built in: All legal checks are completed on time.
- Fewer voids: Professionally managed properties attract higher-quality tenants and keep them longer.
- Hands-off approach: Landlords can enjoy their income without day-to-day stress.
Why now?
The Renters Rights Bill will add further complexity. From serving notices to ensuring tenancy agreements are valid, the risks of getting it wrong are increasing. Landlords who switch to management now will avoid being caught out.
Managing alone can cost more than it saves. With Homefinders, you can protect your income and reduce stress.