Quote:
Originally Posted by StefanG
I helped my mother managing property - not in this lifetime again
one bad apple among your renters can ruin everything
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Fair play. Thing is for me, that locally I have an estate agent called Dart and Partners (D&P) who deal with all my rentals on my behalf. They charge a flat 10% fee, but they do EVERYTHING for me. They thoroughly vet the renters, make sure they have garentures in place, and do all the legal stuff. Even if they don't pay, D&P still guarantees me my rent from them and should they need legally evicting, again that's all done by D&P...
I kinda think of it like this. I rent my houses to D&P and they pay me a certain amount each month, guaranteed - Even if property is vacant ! I have nothing to do with the tenants at all. The tenants don't even know who I am. I deal solely with D&P and they guarente my agreed monthly figure with Zero problems. Its been a good deal.
Infact, I'm actually in the process of seeing my financial advisor today at 11, to see if another purchase of another property is on the cards. If he gives me the go ahead, I will give my budget to D&P, tell them how much I want to earn a month, and they will find, purchase, and rent out a new property on my behalf. I wont even worry what it's like (Provided its in good repair)
To me, its a purely business arrangement
