The majority of landlords will use an agent to manage their property. This is a good decision for busy business people – it ensures you have more time to work on other projects and your property will generate an income with very little input from you. It’s all about picking the right agent though, as they won’t all have a good reputation or be reliable.
Spend lots of time finding out what the agent can offer you before you give them the contract. Ask them in great detail about all their fees, making sure there aren’t any hidden costs. Find out exactly what they are going to be doing for you.
Carry out inspections every now and again to check the agents have been doing their job properly. Look for signs of damage that they might not have reported to you and check that the property is still in good condition.