I'm buying my first buy-to-let in Manchester. Should I use a letting agent or self-manage, and what are the pros and cons for a new landlord?
Quick Answer
As a new landlord in Manchester, you'll weigh the cost savings of self-managing against the time and expertise a letting agent provides. Agents typically charge 8-15% of gross rent but handle legal compliance, tenant issues, and maintenance, which is crucial given upcoming legislative changes like the Renters' Rights Bill.
About This Topic
New UK landlords face a choice: self-manage or use a letting agent. Agents cost 8-15% of annual rent but handle legal compliance (e.g. Section 21) and maintenance. Self-managing saves fees but requires significant time and knowledge for your first Manchester BTL.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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