The second quarter of 2023 saw contract length averages be bumped up to 12.7 month, when compared to 10.5 month in 2019. This means tenants are staying in properties for longer, and this is only expected to increase.

This essentially reduces the costs of landlords for finding new tenants, legal fees and covering costs of the property when empty. Tenants are also becoming more understanding and accepting of annual rent increases because they are more understanding and savvy to the landlords’ expenses and the rental word.

This means that becoming a landlord for residential, commercial or HMO’s is becoming a better investment opportunity year on year. Though it is clear that the rental market is an affluent industry, people are still afraid to take the leap into the rental market due to concerns of the complications of dealing with tenants, regulations amongst other things.

We find that most often, first time landlords are either unaware of the nature of property management, or feel it is not a worthy cost. If you have ever considered becoming a landlord but not sure about how to take the next step, or feel there is an overwhelming responsibility, property management can help.

For a small percentage of the rent each month, property management can be instructed. The agent will deal with all paperwork, finding the tenant and managing all of their concerns, issues etc, along with instructing contractors should an issue ever arise, conducting 6-monthly property visits and inspections, and completely dealing with that property on your behalf. Depending on the distance you want from the process, you can hand the keys over and never even have to speak to the tenant, the agent is essentially their landlord.

If this sounds like this would be the perfect next step for you to a hassle-free investment, you can contact us today by clicking on the button below and contacting us. As a one-stop shop, we can find you a great deal on a property, already tenanted if preferred, and walk you through the whole process.

We are here for long and prosperous business relationships, so look no further. Get your property portfolio journey started today!.