Jacksons - Magazine - Page 28
THE BENEFITS OF HAVING YOUR
PROPERTY MANAGED BY PROFESSIONALS
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By Rru
This has never been more the case than in today’s financial climate.
With the cost of living increasing weekly & everyone tightening their
belts, you NEED to MAKE SURE that you have the correct tenants, set up
the legal & compliance obligations correctly, avoid costly void periods
in tenant turnover & enjoy peace of mind.
While the income from the rental property is appealing, it comes with
a lot of work. That is why it is recommended to work with a professional
estate agent or a property management company to assist with all
letting needs. This not only takes the stress out of your hands to deal with
the admin work, but also ensures that you are complying with the legal
aspects of letting the property. That, if ignored, could incur massive
fines, and turn your investment property into an expensive mistake.
Ruth Eastwood
Whether you are looking to rent out your perfectly located apartment
or entering the buy-to-let market, you are in for a whirlwind of legal
responsibilities. The various tasks they need to undertake such as
ensuring they have the correct tenancy agreement and insurance can
easily overwhelm new landlords. This also includes appropriate gas, fire,
electrical and furnishing safety requirements. Then vetting tenants and
the challenges of having to deal with delayed rents, regular property
maintenance and tenant issues are also a hassle.
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