News that self-managing landlords spend an average of 51 hours every month managing their rental properties will strike a chord with many landlords across the country.
The figures from Pegasus Insight reveal how much time managing a portfolio can take, from licensing paperwork and complying with regulations to organising repairs and responding to tenants.
For landlords juggling these responsibilities alongside the Renters’ Rights Act and the everyday demands of running their properties, it raises a familiar question: is the extra hassle still worth it?
For one landlord, it wasn’t worth all the stress and uncertainty of running his property portfolio, and with new regulations on the way, many landlords are simply saying now is the best time to exit the market.
Landlord Sales Agency helped Alasdair sell 35 of his properties in less than 28 days and all for the best price.
Alasdair ran a portfolio of more than 200 properties and was often on call around the clock to help his tenants.
He says: “Running a 200+ property portfolio sounds very exotic but in reality, it is very time-consuming.
“We got to the point where I wanted to downsize and do something more manageable.”
Alasdair says that by using Landlord Sales Agency he was able to sell his 35 properties quickly without having to worry about the long wait time.
He says: “Buying a tenanted property means for the buyer they get rental income from day one and for us it means we get rental income until the day of the sale.
“If a tenant doesn’t want to leave the property, it can take a long time to resolve, delaying getting it on the market and advertised. Plus, there’s always uncertainty until the day of completion, which can sometimes take months.
“However, Landlord Sales Agency secured a quick sale for us, eliminating the worry and making the process much smoother.”
Downsizing does not have to mean leaving the market altogether. You may want to sell one property, release cash from part of your portfolio or sell an entire portfolio in bulk.
We typically achieve 85 – 90% of the market value, and for that we cover all the costs and take away all the hassle that comes with selling the portfolio.
You won’t get a higher price for the service, and any company promising you 100% market value is hiding a huge list of costs that are going to come after the sale. That’s not the case with us. It’s what makes us different.
We’re a company founded by landlords for landlords, made up of the UK’s top portfolio exit specialists who know exactly what it takes to overcome all problems associated with selling buy-to-lets. We solve every single problem, no matter what it is.
If managing your properties is taking up more of your life than you want, now could be the time to explore your options.
Contact Landlord Sales Agency now for a free, no-obligation chat about selling one property, part of your portfolio or the whole portfolio.
