Fully managed, or let only?11.02.16
According to a survey carried out by Romans Property Group in January 2015, 75% of people would prefer to rent an agent-managed property.
In the residential lettings game, there are many types of landlords out there. Some prefer to leave their property in the hands of their local estate agent, while others would much rather keep a closer eye on things and manage the property themselves, appointing contractors they already know and trust for any maintenance issues that crop up.
The majority of landlords (on our books anyway) have entrusted their favourite estate agent to look after their property, find them good tenants and collect their rent every month, and then manage the property throughout the tenancy, taking care of maintenance, cleaning and inventory reports. This service is obviously offered for a small percentage of the monthly rent, and allows the owner to enjoy their investment, hassle free. This does appear to be favoured by many tenants as well as landlords, being as there will usually be one point of contact for them at the agency who is dedicated to looking after move-ins, move-outs and everything in between, not to mention a middle-man between themselves and the landlord, someone who knows what they’re talking about, should disputes ever arise. However, some landlords prefer to have a much more hands-on approach with their properties, and will happily roll up their sleeves and fix any maintenance issues themselves. These, the more attentive landlords, will usually always maintain their property to a high standard in order to achieve the kind of rental prices they desire. So, in these cases, your home is sure to be well looked after.