Instructing an agent to take over my buy to let

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    Instructing an agent to take over my buy to let

    I've been letting a property for a few years but don't especially want to continue directly dealing with the tenant. She can be a bit cheeky in terms of asking for unnecessary jobs to be done on the flat and also paying the rent a few days late so have to chase it up.
    Is it possible to get a local agent to take over for me and do all the work so I don't have to do it. If I keep her as a tenant would it be cheaper as they can't charge for finding one? Any other views on doing this welcomed.

    #2
    The only difference with the tenant is that the agent will take their calls and then pass on the same requests to you.
    The rent won't be paid any more regularly.
    And you'll pay a chunk of your income to someone else.

    But I'd imagine most agents would be delighted to have your business.
    You may find that they want a fair amount of admin to show that things were set up correctly in the first place.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #3
      The tenant may still call you directly, so that may not solve your problem. A few days late in rent is not a big problems, as some tenants can be worse. It might be something you have to live with, until she goes.

      Comment


        #4
        Just like a good accountant will save you more than the fee they charge, a good agent can save you a lot of effort and money. A good agent will remind the tenant what their repairing obligations are and what they should reasonably expect. Jobs that are a landlord repairing obligation will be addressed at a good price by the agents maintenance team. A good agent will have a robust process for managing arrears A bad agent will make a hash of this and charge you a fee for the pleasure - good luck

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          #5
          As an agent we don't usually charge any setting up fee in taking over a property's management mid-tenancy, whether by an agent or landlord directly.

          Do your homework, take recommendations and ideally visit their offices (test shop at least) to see how they handle customers. Be very wary of additional fees and the agent's plans for pricing once the tenant fee ban is in place.

          If the property is in the northwest and you'd like pricing just send me a message as I'm not allowed to include the company name or website here.
          <a href="http://www.manchesterpropertygroup.co.uk/" target="_blank">Manchester letting agents</a>

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