Managing a property portfolio or an HMO inherently requires some management expertise otherwise it can become very stressful. The aim of having support is to make your life easier while letting you focus on the growth of your portfolio or investing your effort into creating other streams of income.
The ownership, letting and management of a property doesn’t come easy. The tasks are never-ending, and the process requires 24/7 management: viewings, rent negotiations, tenant referencing, agreements, inventories, emergency repairs, refurbishments, rent collection, debt management, taxes, and safety regulations…to name a few. Some landlords see rental management as a blessing and are grateful for the minimal involvement, whereas others see the lack of control as a problem.
The cost of the service is what makes landlords question if they can pull off self-management. Your perception of value for money is what makes it worth it. There are of course also financial benefits to property support such as rent collection and rent protection. This can provide you with financial security and peace of mind.
Find out what services Wentworth can provide in our Property Management for Landlords package.