Should more landlords and investors purchase fully managed property investments for a high-returning, hassle-free investment?
- Over 85% of investors admit that they don’t want to deal with tenants in their properties, while almost 90% feel aggrieved by tenants sending them communications regarding problems
- Maintenance costs and repairs continue to be one the greatest areas of concerns for investors
- Should more turn to a fully managed property investment?
More UK property investors and landlords don’t want to deal with their tenants. So should more of them consider a fully managed property investment?
Over 85% of landlords admit that they’d rather a letting agent deal with the tenants in their properties, according to a new study by PropertyLetByUs. In addition, almost 90% revealed that they are unhappy with tenants calling or emailing them with problems related to the property.
Tenanting and maintaining a property is one of the biggest considerations investors face before making a buy-to-let investment. 60% of property owners in the study pay for all repairs to their asset, while 10% believe that tenants should pay for small repairs themselves, highlighting that there is also confusion when it comes to this aspect of the investment.
Commenting on the findings, Jane Morris, Managing Director of Property Let By Us, said: “We know from our research that 66% of landlords find managing their properties more stressful than their full, or part-time jobs and dealing with tenant complaints is a top cause of stress. Landlords are under a huge amount of pressure with mounting legislative and tax changes.”
Fully managed property investments remove many of these traditional stresses, and are commonly popular among overseas investors and over 55s.
A management company run by the property developer will take care of all issues relating to tenancies and maintenance, and deliver returns NET of all costs.