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  • Property-a-holics

    More LLs self-managing to reduce costs?

    PIE artice (based on results of a survey by Kent Reliance) : "A quarter of landlords would look to cut out letting agents to reduce the ever-rising taxes and running costs of their buy-to-let portfolio, new research claims."

    https://www.propertyindustryeye.com/a-qu...ing-costs/

    Most of the comments warn about the impact the ongoing changes are having on smaller LL (and PRS in general).

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    Do it. It's a point of differentiation. An agent will never compete on service. + it's good for profit margins.

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    " Landlords spent most on property maintenance at £1,086, followed by letting agents’ fees at £935. "

    Maintenance is a necessity, LA fees not. If you can, use a service like OpenRent/Upad and you can save yourself £900pa.

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