Letting Agent vs Self-Management
Overview
What this guide covers
This guide compares the two main management options for private landlords in England: using a letting agent (let-only, rent collection, or full management) and self-managing. It covers costs, responsibilities, risks, and how to choose the right option for your situation.
Who it is for
New landlords deciding how to manage their first property, and existing landlords considering switching between self-management and an agent.
What this guide does not cover
- –HMO management (additional licensing and management regulations apply)
- –Commercial property management
- –Block management
Before you start, you will need:
- ·A clear picture of your available time and proximity to the property
- ·An understanding of your own knowledge of landlord law and compliance
- ·A realistic budget for management costs
When To Use This Guide
Use this guide when:
- ✓You are about to let your first property and need to decide how to manage it
- ✓You are considering switching from self-management to an agent, or vice versa
- ✓You are growing a portfolio and need to decide at what point to bring in professional management
Do not use this guide if:
- ✗You have already decided — use the relevant specific guides for your chosen approach