Value of a Management Agency?
1:50 PM, 7th September 2016, 10 years ago
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Hello and I am new to Property118 and about to be a property owner. To cut a sad story short, I’m about to inherit a small property and I’m thinking about renting out.
I’ve begun doing the research and it is making my head spin. So I was considering letting an agency manage the property for me but just skimming a few forum threads, I’m a bit worried. It sounds like they’re quite a few cowboys out there.
So I was just wondering if they’re worth it?
Thanks
Elliot
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Open Letter To Jane Ellison MP @JaneEllison
Member Since February 2011 - Comments: 3453 - Articles: 286
1:56 PM, 7th September 2016, About 10 years ago
Dear Elliot,
In your circumstances I would consider using a good letting agent as invaluable. There are far to many mistakes you could make for it to be worth the risk of going it alone.
The agents need to be a member of a redress scheme and carry client money protection at least.
We use, recommend and part own LettingSupermarket who only charge 4% for full management. Why would you take the risk or hassle to save 4% ????
Please see >> https://www.property118.com/letting-supermarket-full-management/68829/
and >> https://www.property118.com/letting/