On Mon, 05 Sep 2016 23:14:13 +0100, Chris Green wrote:

Bill wrote:
rentable?
What do these inclusive estate agent deals involve? If a tenant is
installed and a light bulb needs replacing, is the agent likely to call
in a contractor at great expense?

Yes, I'm afraid so in general. We have a rented flat (i.e. we're the
landlords) and it's mostly handled by an agent. Things like the annual
gas inspection cost a *lot* more if I let the agent do it all rather
than doing it myself directly with a 'gas man'. I think it was
something like £150 via the agent versus £80 if I arranged it myself
(with the same bloke that the agency used).

Depends on location and agent, but our annual gas check cost £50 through
the agent.

If you live close to the property and you are strong enough emotionally to
deal with difficult issues with difficult tenants then rent the property
directly.

If you are any distance away (or don't want to be always on call for the
smallest thing) then employ an agent. You have to have (just like any
business) cover for sickness and holidays if you are managing the property
yourself.

Expect the property to be treated with less consideration than you would
use, and to need refurbishing after any rental. You may be lucky, of
course, but set your expectations realistically.

Cheers


Dave R

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Windows 8.1 on PCSpecialist box