As the buy-to-let market has changed a lot in the last few years, a fully managed service gives Landlords peace of mind that their investment is safe from changes in regulations, as well as much more. Take a look below at a few of the top benefits!
As a Landlord, you have legal responsibilities which are vastly different to the ones that were in place a few years ago. To avoid harsh fines, it's vital that you are constantly up to date with the constant legislation changes; this can be a challenging tasks as it requires you to look into the ins and outs of every aspect. It's invaluable to have a group of experts on your side as they will be up to date with any changes that could affect your property investment, giving you advice and options in a way that is easier to understand.
Ultimately, this removes the task of constantly researching legislative changes and it also takes away the confusion many Landlords have when trying to work out if it actually applies to their property.
Tenant finding - it's not as easy as you think!
Another thing that has seen a drastic change is tenants. With a large pool of accommodation competition, tenants are no longer willing to accept something substantial or a poor service from their Landlords for that matter.
Another point worth noting is the fact that people are finding it more difficult to get on the property ladder, which is of course having an effect on the rental market. Landlords are seeing tenancies lasting over four years, which means that the Tenants are more invested in the decision to take on a property. This is why it is vital to be professional as you will attract the best renters. Being represented by a local and reputable letting agent will give Tenants that extra bit of trust. This also makes a huge difference to finding the right tenant for your property.
It's no secret that being a Landlord is stressful; from collecting rent to dealing with unhappy tenants, not everyone can take it in their stride! A fully managed service removes this stress from your life. There would be no reason to worry about missed payments, unhappy tenants or legislation - your agent will have this covered.
Do you want to hear more about our fully managed service here at Michael Poole Estate & Lettings Agents? Email firstname.lastname@example.org.