5 Reasons Why Landlords Outsource Their Property Management

Managing properties can be a daunting task, especially for the two-thirds of landlords in Briton who have full-time jobs. From screening tenants to legal regulations, there are many challenges that landlords face day-to-day - that’s where property management comes in. 

Landlords are now seeing the benefits of using a specalised property management company such as MakeUrMove to assist them with a variety of tasks such as tenant referencing, rent collection, maintenance, and compliance. With property management the perks are endless, but we’ll start with listing the top five benefits as voted by landlords like you. 

1. Time 

As a landlord, time is a valuable resource, especially for those who are just starting out or have a small portfolio. Between setting up new tenancies, collecting rent payments, and dealing with legal matters, administrative tasks can be time-consuming. This is particularly true for landlords like Scott, who have full-time jobs and family commitments to balance. That's why he, along with many others use fully managed services so they can focus on what matters most - quality time with their loved ones. 

2. Knowledge 

As a landlord, dealing with the numerous tasks and regulations that come with the private rental sector can be overwhelming. This is especially true for those, like Ian, who became landlords accidentally and self-admittedly lacks experience in the industry. From lease agreements to maintenance, there are many complex issues to contend with, which is another reason why landlords like Ian are choosing to remove the hassle by putting their properties in the hands of experts. 

3. Legal and compliance 

Navigating legal and compliance obstacles as a landlord can be overwhelming, with safety regulations like EPCs and gas safety certificates, as well as tenancy laws and eviction powers to consider. Failing to comply with these requirements can result in significant fines, making it crucial to stay up-to-date. That's why many landlords are choosing to have an expert opinion at hand, providing invaluable guidance to ensure compliance, interpret complex legalities, and navigate the ever-changing landscape of regulations. This proactive approach not only offers peace of mind but also helps prevent costly disputes and delays, ultimately safeguarding properties and tenants while allowing landlords to focus on their core responsibilities.

4. Distance 

Every year, over 300,000 Britons relocate overseas for a fresh start. Yet, they often decide to hold onto their rental properties in the UK, leaving the task of managing their property a challenge. Whether landlords move abroad or to another region within the UK, handling their property from afar can make things more complicated. Fortunately, many landlords find it more economical and less stressful to rely on a property management company to handle tasks such as tenant search, screening and maintenance.

5. Cost-saving 

Investing in a property manager saves landlords money by providing expertise in tenant selection, reducing risks of evictions and property damage, and marketing rental properties to minimise vacancy periods. They also handle rent collection and property maintenance, as well as ensuring legal compliance. While management fees are involved, the benefits outweigh the costs, leading to increased profits and a hassle-free experience for landlords. 

Here at MakeUrMove we recently conducted a customer survey and unearthed some fascinating insights in regards to cost savings for Landlords. Our Fully Managed customers, who entrust us with their property management needs, are enjoying an impressive average saving of 5.6 hours per month by utilising our services.

These landlords are not your average individuals. They are accomplished professionals just like you, skilfully balancing full-time jobs while earning an average of £57,272 per year from their day-to-day occupations!

Intrigued by these numbers, we decided to dive deeper. Taking their hourly income into account, we discovered that our fully managed services deliver an average annual saving of £1,069.92! That's real money straight back into their pockets.

If you’re a landlord and want to save time, and money and reduce hassle by going fully managed - fill in our contact form and we'll get back to you, or call us on: 0333 800 0210