Benefits Of Using An Agent To Manage Your Rental

Whether you’re a Landlord with a large portfolio or getting ready to let your first property, there are a number of benefits with the inevitable downfalls to being a Landlord in Wales, such as:

House Prices

Rental growth has been stronger in Wales than any other area of the UK, according to the ONS, at 6.9%. With rental properties in high demand Landlords can have confidence in finding Contract Holders with ease. This could be due to the sharp rise in mortgage rates and the cost of living crisis means there is less chance for many people to buy. For those looking to move house due to the breakdown of a relationship, relocating for a job, whatever the reason may be, if the potential to buy isn’t an option, renting can be the ideal solution!

Modern Lifestyle

With travel so easily accessible to many, the world is just a day away and people change jobs and locations far quicker than 10+ years ago. If employment requires people to relocate and they're homeowners, time is not always on their side so they will often opt to rent their property out and rent a property in the new location as a short-term solution. Although some Landlords would prefer longer term arrangements, it's far better to have your property occupied than left sitting vacant for months with no source of income. So take what you can as long as they meet the requirements to rent your property.

Additional Income

Some Landlords see their properties as a drain on time and money, however if managed correctly, a rental property can be an excellent source of additional revenue and in some instances, a retirement fund. By understanding the mortgage market, Landlords may also be able to release equity tied up in their rental property to invest in another property, pay for children to go to university, make improvements to their own homes or any number of other reasons.

Whilst these benefits are attractive, there is no getting away from the fact that managing a rental property on your own can be challenging and time intensive, more-so if you don’t have any prior experience or knowledge of the rental market. With the drastic changes observed in renting in Wales since 2022, many Landlords have in fact opted for support from Estate and Lettings Agents to navigate the new rules and regulations.

At Porters, we are perfectly placed to help.

With trained, compliant and experienced staff coupled with a full range of rental services on offer, we can manage your property to eliminate all the headaches that comes with it. Under our Fully Managed service we do it all for you! We also offer a property maintenance service so if your property needs some TLC or there are repairs to be made in preparation of your Contract starting, we can arrange this for you too.

If you're interested in learning more about the benefits of using an agent to manage your rental either contact our team on 01656 766666 or email us at bridgend@porters-uk.com.