8:45 AM, 10th April 2013, About 10 years ago 9
Because I live abroad I pay a letting agent agent to find tenants and for property management.
I have a property let to 4 tenants. It is an unlicenseable HMO (House in Multiple Occupation).
In practice, the letting agents do very little property management because I have to fix every thing and send my own people because the agent tries to overcharge for everything.
I think I am paying the management fee just in case the proverbial …. hits the fan and the tenants default or cause major problems etc.
In such a case I assume they will know what to do and they are much better informed than I am living abroad.
Am I correct that I should continue to pay the agent the management fee even though I fix all repairs etc ?
Help would be appreciated.
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