Thinking of becoming a property landlord? Here are some pointers from experienced local property managers Ellen Kay Lettings.
In the first quarter of 2021, the majority of private landlords in the United Kingdom had between two and four properties in their portfolio. Approximately 42 per cent of landlords fell in this group compared to seven per cent of landlords who owned over 20 properties. In 2019, roughly 20 per cent of England’s housing stock was occupied by private renters, making them the second largest group after owner-occupiers. *
The private rental sector in the UK is booming with no signs of it abating. Demand for quality private rentals remains high, and this is replicated right across the country with properties of all types and sizes in demand here in Rochdale and across Greater Manchester.
Is being a landlord for you?
Maybe you have inherited a property or are considering buying a home to let but are worried it might be too much hassle or that there is too much legislation. There IS a certain amount of legislation surrounding the private rental market and rightly so, people deserve to live in safe homes and here at Ellen Kay Lettings, we take this burden away from you. We are up to date with all the relevant legislation and take care of that side of things through our full property management service.
There are costs associated with being a private landlord, including stamp duty on second properties, tax implications and maintenance and upkeep BUT there are also financial benefits from well managed desirable properties, for the accidental landlord, the single property landlord and the portfolio landlord, in terms of monthly income and longer-term realisation rewards from selling assets.
Here at Ellen Kay Lettings, we can assist landlords with all aspects of property management. We are a trusted and professional local agency with highly recommended property management services, and we can and do take care of many if not all of the things’ landlords might worry about such as pre-tenancy checks, periodic tenant visits, rent collection, property management, repairs and maintenance.
Here’s what one of our landlords Gareth W had to say about Ellen Kay Landlord property services:
“From the moment I started having Ellen Kay Lettings manage my Littleborough property, I have been hugely impressed by the way they have handled everything from renting out the house to dealing quickly and effectively with any issues that arise. As I no longer live in the area, the peace of mind that having them in charge of my property gives me as a landlord is absolutely invaluable. I couldn’t recommend them enough.”
Get in touch today to see how we could help you let your property in Rochdale and Greater Manchester.
*Statistics available from: https://www.statista.com/statistics/1122228/property-portfolio-size-in-the-united-kingdom/