Managing a rental property yourself can seem like an obvious way to save money. All you have to worry about is finding a tenant, collecting rent, arranging a few repairs and keeping an eye on things. Sounds simple…
Until the boiler breaks on a Sunday morning, a tenant stops paying rent, or the tenancy comes to an end and the property now needs to be inspected, repaired and made ready for your next occupant. Suddenly, what seemed like an easy side hustle begins to feel a lot less like a passive investment and more like a full-time job.
So, is managing your rental property really worth it?
What does Managing a Property Actually Involve?
Being a landlord is certainly more than just finding someone who wants to rent your property.
There are tenants to reference, inventories to organise, deposits to protect, inspections to carry out and repairs to arrange – and that is just to name a few things from a very extensive and ever-changing list.
There are also ongoing legal and safety responsibilities, renewals and the inevitable unexpected problems that will need to be dealt with quickly.
For some landlords, handling all this themselves works out perfectly well. However, this is heavily dependent on whether you have the time, experience and confidence to stay on top of everything.
For many, having someone else to manage the day-to-day running of their property can make a significant difference. Saving both time, money and in the long term stress.
This is Where Feliks Augustine Comes in
At Feliks Augustine, we don’t see property management as simply collecting rent and calling a contractor when something goes wrong.
We take time to know the properties we manage.
Our team works closely with landlords throughout the life of a tenancy, building a detailed understanding of each property we manage, from its condition and history to its requirements and potential.
Because no two properties – or landlords – are the same.
At Feliks Augustine, we do not take a one-size-fits all approach. Instead, we tailor our management, keeping a close eye on each properties condition, compliance, maintenance and performance so that issues can be identified before they become much bigger problems. Moreover, as a RICs-regulated company, we bring professional standards, accountability and expertise to every property we manage.
Our role also goes far beyond simply making sure the essentials are taken care of.
Because, we look at the bigger picture.
If a property is becoming harder to let for example, we don’t simply wait for the next tenant to come along. Instead, we look at the why.
Is the presentation letting it down?
Does the rent need updating?
This knowledge is what allows us to make informed recommendations, protect the value of each property we manage and help landlords make better decisions for the long term.
For us property management isn’t just about managing what happens today. It is also about understanding what your property will need next.
So, is it worth doing it yourself?
You can certainly manage your property yourself, but do you really want to?
With decades of experience and an in-depth understanding of the properties we manage which allows us to stay forward thinking, we take the day-to-day responsibility off your shoulders.
You can sleep well at night knowing that you have an experienced team handling both the big and small details, while you stay informed without having to deal with the everyday stresses yourself.
If you have been thinking of finding a property management team that you can trust, but don’t know where to start….. We currently offer a free 30 minute property problem solving consultation, which will give you the chance to talk through your situation with us.
Less chasing, less stress, and fewer things to worry about.
Get in touch with Feliks Augustine today.