Self Managing Your Buy To Let - Good Idea or Not 🤔 ❗️

❗️ Why Self-Managing Your Rental Could Be a Costly Mistake ❗️ 

With interest rates at a 15-year high, some buy-to-let landlords may be considering self-managing their rental to reduce costs.

But such a move could prove to be a false economy in the long run.

Here’s why.

🔧 Maintenance and repairs
Letting agents will manage maintenance and conduct regular inspections. They’ll identify and address minor issues before they become bigger, more expensive problems.

🕳️ Void periods
A good letting agent can help foster a long-lasting tenancy by responding promptly to tenant concerns (something busy landlords may be unable to do). 

⚠️ Red tape
The number of private rental sector regulations has ballooned in recent years, and more are in the pipeline. Having a professional on your team who understands the law will help you avoid getting in a legal tangle.

👨‍🔧 Safety checks
Fail to meet strict electrical and boiler safety checks regulations and your landlord insurance could be invalidated, and you could face prosecution – outcomes could be very costly.

To learn more about our property management services, contact us today ☎️ 01159455553 📧 info@rexgooding.com