Value of a Management Agency?

by Readers Question

13:50 PM, 7th September 2016
About 5 years ago

Value of a Management Agency?

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Value of a Management Agency?

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.value

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?




Neil Patterson

13:56 PM, 7th September 2016
About 5 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 >>

and >>

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