5 Reasons Landlords are switching to agents to manage their properties

- Tue 28 Mar 2023

Whether you are new to property investment or have done so for many years and have multiple properties, there has been a growing trend of Landlords that have traditionally managed their own property investments instructing professional Letting agencies to manage the day to day affairs. We take a look at the 5 most common reasons why Landlords are switching to agencies following a recent survey by USwitch.

With increased legislation, greater protection for tenants and finding it harder and more time consuming to co-ordinate repairs being a few of the common reasons as to why some Landlords have been re-evaluating their position, would these feature in the top 5 and be overcome by instructing an agency?

The top 5 most common reasons landlords are switching to letting agencies like Bradleys Estate Agents:

  • 1. No longer wishing to deal with repairs and maintenance issues (32%)
  • 2. Increased legal and compliance requirements becoming a minefield (30%)
  • 3. Not wanting to find suitable tenants (30%)
  • 4. Agencies being more knowledgeable on the market (29%)
  • 5. Avoidance of scams/fraud (27%)

Commenting on the survey results, Managing Director of Bradleys Estate Agents, Chris Baxter explained "We have seen an increasing number of Landlords come to us, particularly in the last 6 months for many of the reasons stated. The way we have set up our specialist teams to oversee the key areas of letting property; move-in, maintenance, property management (compliance), vacate and accounts teams, are the key reasons Landlords are being attracted to our Lettings service. The increased legislation and the sheer abundance of letting enquiries make a time consuming factor, which again allows our experts to do what they do best and ensure we are picking the most suitable tenants.”

If you are considering using a letting agent, Bradleys Estate Agents have 30 offices covering Somerset, Devon and Cornwall and you can quickly find out more about why Landlords choose Bradleys Lettings Service by following this link.