Going it alone as a landlord? Read on to find out how we can help you save money
A recent survey compiled by insurance firm Endsleigh suggests you can save almost £2,000 a year by working with a letting agent.
As a landlord, it may undoubtedly be tempting to want to work alone. However, results from the survey of 500 landlords undertaken by Endsleigh reveal that working with an agent can make you considerably better off. Comparing the rental income and void periods of landlords who work with agents and those who do not, the survey suggests that having an agent can in fact save you an estimated average of £1,910 per year.
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Paul Broomham, Lettings Director at Jones Robinson, has added, “Costs aside, a professional agent will also ensure you are fully compliant with the ever-changing legislation affecting landlords. In the last 2 years alone, there have been changes to the Right to Rent laws which are part of the Immigration Act 2016, changes to the Gas Safety Regulations, and the legislation ensuring landlords have working carbon monoxide and smoke detectors in rented properties. There are also more changes on the horizon with new laws being introduced to prevent overcrowding in HMOs, and changes to legislation affecting the letting of any properties with poor energy efficiency.”
When you use an agent, they will work hard for you, save you money, and leave you safe in the knowledge that all the relevant legal requirements are met. You cannot put a price on this kind of peace of mind. If you would like to discuss any of the legislation changes or our management services, please call us on 01635 581991 and let us help you get the most out of your property.