Managing a property from afar

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    #16
    Originally posted by kesm View Post
    Thanks. I just prefer to self manage purely for the financial side of things
    It's not so much their 10% commission fee for me, I'd happily pay it if they could do half as good a job. A competent landlord will always do a better job self managing (if they have time).

    Originally posted by kesm View Post

    Thank you. Do you do the inspections yourself?
    Also are you a member of a governing body so you can get legal advice if needed? Like the NLA?
    Yes, do the inspections myself.

    Was an RLA member lapsed now, same with NLA although I might still be an associate member. The forms are pretty good but disillusioned with their poor representation of landlord political issues.

    If I need legal advice to that high level, I'll pay for it.

    Shelter do a good free advice helpline if you phrase the right questions and manage to get it passed up and handled by one of their lawyers.

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      #17
      You have to inspect. Landlords can be liable for things they should have been aware of, not just things reported to them.

      So you can’t just there and wait for tenants to raise issues. Many tenants say they’re scared to raise problems with landlords.

      If you do use an agent, be prepared to manage them. Assume they’re useless and clueless until they prove otherwise. Do not believe any agent who promises to look after everything for you.
      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).

      Comment

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