What's in it for LL to manage a property through an agency rather than directly?

shyammy21

zas31 wrote: »

I know the agency plays games with me, but equally they don't act in LL's interests (there are examples).

1. Wouldn't the LL be better off by signing a contract directly with me? The property is relatively new, and there are very few things that did go wrong or could go wrong -- both in terms of structure or equipment, and I'm not a trouble-maker. Assume the LL does not own too many other properties to let. What's the typical uplift for a LL of going directly, i.e.:

2. What's the typical property management cost by an aggressive agency?

3. Are there any common covenants that may prevent the LL signing a new contract with the existing tenant?

Currently on a "conditional S21".

Another reason than already suggested that it is difficult for a LL to find tenants. LL cannot advertise themselves on sites such as Rightmove, these sites only allow agents to sign up/pay a fee and you generally dont attract the right tenants through free sites such as Gumtree.

Renting out a property is a lot of work as it involves credit checks, reference checks, inventories, setting up a tenancy agreement and if an agent charges the landlord 7% it sometimes works out more reasonable.