Is Letting a property more hassle than it’s worth?

Is Letting a property more hassle than it’s worth?

6th November 2017

Letting a property can be a nightmare!! There is SO much to consider from the tenancy agreements, rent collection, decoration and repairs, legislation, taxation and MANY MANY more. And let’s face it, yo can then be left with a ton of problems at the end of a tenancy along with the bills to redecorate the house.

But is all this true? Let’s take another look.

What does it mean to own a buy-to-let Property? Having a buy to let is a great investment in my opinion. It can generate an on going income source. It can also rise in value overtime and prove a good investment in the cash value of the home or land that you buy and of course, you can use it as part of your overall strategy to begin building wealth but most importantly, done correctly, a property will give you a passive income which is money being earned regularly with little or no effort on the part of the person who is receiving it!! Leaving you more time to do the things you enjoy doing.

But what about the nightmare issues you’ll have to deal with? Well this is easy. You give this responsibility to a letting agent. The benefit of having a property portfolio is that the work involved with it is leverageable and that is great news because that give you time the time freedom that we are all generally looking for.

Here are just a few of the reasons WHY you should use a professional letting agent…

1- Help you prepare your property for letting

2 – Help you meet your legal obligations

3 – Let your property quicker than you can

4 – Often get you a better rent

5 – Get a proper inventory done and deal with the deposit for you

6 – Deal with checking and referencing your tenant

7 – Deal with any problems that arise during the tenancy

And finally… of course there is the fact that most landlords really don’t want to be bothered with the tedious business of dealing with tenants, and agents take the burden of this away from them. A really good agent can be a blessing to a landlord.

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