The vast majority of buy-to-let landlords feel they are having a stressful time, according to a new survey.
More than 90 per cent of buy-to-let investors worry about finding the right tenants, property maintenance and finding properties, a study by the Homebuyer Show revealed.
However, the Homebuyer Show claims that landlords need not be stressed out as employing a professional property management company would eradicate many of the problems.
Four in five landlords use an agency for some parts of their property management – mostly for sourcing tenants, collecting and holding deposits and arranging contacts, Homebuyer Show figures reveal.
"Management agencies are usually able to fill a property quickly with vetted reliable tenants," said Nick Clark, managing director of the Homebuyer Show.
"They have access to the expertise and resources necessary to take away any worries about contracts, emergencies, collecting monies and the general administration of the tenancy. By using a management agency, landlords do not have to worry about these problems and can just sit back and enjoy their rental yields," he added.
The Homebuyer Show is taking place at the ExCel Centre in London from March 17th to 19th. To read more Property News, click here.
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